The Search for Benchmarks When Do Crowds Provide Wisdom by Charles M.C. Lee Paul Ma and Charles C.Y. Wang Finding appropriate economic benchmarks for individual firms is a fundamental issue. Firms managers investors and researchers all ne to identify fundamentally similar benchmarks for such tasks as performance evaluation executive compensation equity valuation statistical arbitrage and portfolio construction.
While traditional benchmarking
Methods rely primarily on industry classification schemes more recent approaches introduce new dimensions by utilizing novel data sources or fresh data analytic techniques. Some of these approaches suggest we may ne to rethink the reliance on traditional industry classification for benchmarking purposes. In this paper the authors conduct a comprehensive analysis of the state of Comoros Email List the art representatives of four broad categories of peer identification schemes nominat by either financial practitioners or recent academic studies as potential solutions to economic benchmarking. Business Groups An Evolutionary Perspective on the by Asli M. Coplan and Geoffrey Jones This working paper examines the emergence and growth of diversifi business groups in Turkey where such groups play a critical role in the creation of modern industries and remain dominant in the economy even today.
The study s results suggest that the class
Of bench marking solutions that harnesses the collective wisdom of investors is a promising path for the future. This approach s effectiveness however Cambodia Whatsapp Number depends on the sophistication of the individuals in the population the inherent level of collective wisdom attainable through sampling and the quality of the information environment surrounding the firm as well as the size of the sample itself.
