DIFFERENCES BETWEEN COMPUSTAT AND CRSP SIC CODES AND RELATED EFFECTS ON RESEARCH

被引：68

作者：

GUENTHER, DA

ROSMAN, AJ

机构：

[1] School of Business Administration, University of Connecticut, Storrs

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 1994年 / 18卷 / 01期

关键词：

CAPITAL MARKETS METHODOLOGY; SIC CODES; INDUSTRY CLASSIFICATION;

D O I：

10.1016/0165-4101(94)90021-3

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Differences between SIC codes assigned to companies by COMPUSTAT and CRSP are examined. Large differences are observed at two-, three-, and four-digit levels. Correlations of intra-industry monthly stock returns are larger, and variances of intra-industry financial ratios are smaller for industries based on COMPUSTAT codes. Replication of a portion of Freeman and Tse (1992) produces significant results using COMPUSTAT codes, consistent with the original research, but insignificant results for CRSP codes.

引用

页码：115 / 128

页数：14

共 21 条

[1] Amit R., 1990, J BUS FINAN ACCOUNT, V17, P85, DOI [10.1111/j.1468-5957.1990.tb00551.x, DOI 10.1111/J.1468-5957.1990.TB00551.X]
[2] INTRAINDUSTRY INFORMATION TRANSFERS ASSOCIATED WITH MANAGEMENT FORECASTS OF EARNINGS
BAGINSKI, SP
[J]. JOURNAL OF ACCOUNTING RESEARCH, 1987, 25 (02) : 196 - 216
[3] Biddle GC, 1991, J ACCOUNTING AUDITIN, V6, P183, DOI DOI 10.1177/0148558X9100600203
[4] SICS AS DELINEATORS OF ECONOMIC MARKETS
CLARKE, RN
[J]. JOURNAL OF BUSINESS, 1989, 62 (01) : 17 - 31
[5] Foster G., 1981, J ACCOUNT ECON, V3, P201
[6] DETERMINANTS OF CORPORATE PENSION FUNDING STRATEGY
FRANCIS, JR
REITER, SA
[J]. JOURNAL OF ACCOUNTING & ECONOMICS, 1987, 9 (01) : 35 - 59
[7] AN EARNINGS PREDICTION-APPROACH TO EXAMINING INTERCOMPANY INFORMATION TRANSFERS
FREEMAN, R
TSE, S
[J]. JOURNAL OF ACCOUNTING & ECONOMICS, 1992, 15 (04) : 509 - 523
[8] GHICAS DC, 1990, ACCOUNT REV, V65, P384
[9] MANAGERS EARNINGS FORECASTS AND INTRA-INDUSTRY INFORMATION TRANSFERS
HAN, JCY
WILD, JJ
RAMESH, K
[J]. JOURNAL OF ACCOUNTING & ECONOMICS, 1989, 11 (01) : 3 - 33
[10] UNEXPECTED EARNINGS AND INTRAINDUSTRY INFORMATION TRANSFERS - FURTHER EVIDENCE
HAN, JCY
WILD, JJ
[J]. JOURNAL OF ACCOUNTING RESEARCH, 1990, 28 (01) : 211 - 219

← 1 2 3 →