Key concepts include Traditional industry classifica. Itions are unlikely to capture nuanc or changing economics in firms in an increasingly service and knowlge bas economy. Aggregat reveal choice bas approaches have great potential in resolving long standing benchmarking problems in accounting and finance.
These approaches aggregate individual
Agents choices to reveal the collective wisdom of investors with respect to the set of economically relat firms. Author Abstract We compare the performance of a comprehensive set of alternative peer identification schemes us in economic benchmarking. Our results show the peer firms identifi from aggregation of inform agents reveal choices in Lee Ma and Wang perform best follow by peers with the highest overlap in analyst coverage in explaining cross sectional variations in base firms out of sample a stock returns b valuation multiples c growth rates d R D expenditures e leverage and f profitability ratios. HBS Working Paper Number Faculty Unit s Accounting and Management TRENDING FEB RESEARCH IDEAS Costa Rica Email List DATA IT SHOULDN T HAVE FEB RESEARCH IDEAS IS YOUR WORKPLACE BIAS AGAINST INTROVERTS JAN OP WHY BOEING’S PROBLEMS WITH THE MAX BEGAN MORE THAN YEARS AGO FEB RESEARCH IDEAS BREAKING THROUGH THE SELF DOUBT THAT KEEPS TALENT WOMEN FROM LEADING JAN RESEARCH IDEAS WHERE CAN DIGITAL TRANSFORMATION TAKE YOU INSIGHTS FROM.
Conversely peer firms identify by
Google and Yahoo Finance as well as product market competitors glean from K disclosures turn in consistently worse performances. We contextualize these results Canada Whatsapp Number in a simple model that pricts when information aggregation across heterogeneously inform individuals is likely to lead to improvements in dealing with the problem of economic benchmarking. Paper Information Full Working Paper Text Working Paper Publication.
