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Text-Based Industry Classification Insights by Tae-Hyoung Choi is a document available to read on EtoBox.
What is Text-Based Industry Classification Insights about?
This paper presents a new methodology for classifying industries based on text-based analysis of firm 10-K product descriptions, allowing for time-varying measures of product similarity and competitor identification. The authors demonstrate that their classifications improve understanding of industry competitiveness, product differentiation, and the impact of R&D and advertising on firm performance. The study highlights the dynamic nature of industry boundaries and the importance of adapting classification
- Author
- Tae-Hyoung Choi
- Language
- EN