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This study compares the properties of the Global Industry Classification Standard (GICS) with three alternatives: Standard Industrial Classification, North American Industry Classification System, and Fama–French classification. First, we demonstrate that GICS results in more reliable industry...
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Purpose – To examine the type of firms that voluntarily adopt the International Integrated Reporting Framework (IIRF) and how markets respond to voluntary IIRF adherence.Design/methodology/approach – Analysis of a matched global sample of listed firms that voluntarily adopt the IIRF (IIRF...
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