Y. Chung, Dennis; Hrazdil, Karel; Trottier, Kim - In: American Journal of Business 29 (2014) 1, pp. 95-111
Purpose – Motivated by recent studies that demonstrate the superiority of the Global Industry Classification System (GICS) relative to the Standard Industry Classification (SIC) system in capital market research, the authors revisit the stock market anomaly documented by Thomas and Zhang (TZ)...