tiga digit bukan empat digit kode S

tiga digit bukan empat digit kode Sic karena nanti industri Akankah lomi Dengan terlalu sedikit perusahaan-perusahaan anggota untuk mengidentifikasi perusahaan yang cocok dengan ukuran. Perusahaan yang cocok. harus memiliki kode tiga digit yang sama industri dan mirip pendapatan penjualan kepada para pemenang penghargaan di tahun penghargaan. Sebanyak 18 perusahaan yang dipilih untuk membentuk sampel yang cocok.

Perusahaan-perusahaan di pemenang penghargaan sampel uji) secara substansial lebih besar dalam ukuran dari perusahaan sampel yang cocok. Nilai rata-rata (median) penjualan untuk penerima penghargaan adalah $ 30.218 ($ 15.873 juta, sedangkan untuk perusahaan yang cocok itu adalah $ 20.450 ($ 7.413) juta. Jumlah aktiva menunjukkan pola yang sama dengan $ 51.026 ($ 14.679) juta untuk penerima penghargaan dan $ 45.719 ($ 7.655) juta untuk pencocokan perusahaan. dalam sebagian besar kasus, pemenang penghargaan adalah perusahaan terbesar di kode industri SIC tiga digit, dan dengan demikian kita dipaksa untuk memilih perusahaan terbesar kedua di industri untuk memasukkan dalam pencocokan kita ketika kita membandingkan sampel. indeks ukuran ini secara langsung antara dua sampel. dengan demikian kita termasuk sizc sebagai variabel kontrol porformance dalam tes multivariat untuk mengontrol efek ukuran pada tes kami.

Results (English) 1:

three digits instead of four-digit Sic code because later the industry Will lomi With too few Member companies to identify companies that match the size. A suitable company. must have a three-digit code in the same industry and similar sales revenue to its award-winning of the year award. As many as 18 companies selected to establish a suitable sample. Companies in the award-winning sample test) is substantially larger in size than the matched sample of firms. The average value (median) sales for award recipients was $ 30,218 ($ 15,873 million, while for the company that matches it is $ 20,450 ($ 7,413) million. Total assets showed a similar pattern with $ 51,026 ($ 14,679) million for the award recipients and $ 45,719 ($ 7,655) million for matching company. in most cases, the winner of the award is the largest company in the three-digit SIC industry code, and thus we are forced to choose the second-largest company in the industry to include in matching us when we compare samples. the index of this size are directly between the two samples. Thus, we include sizc as control variables in the multivariate tests porformance to control the effect of size on our tests.

Results (English) 2:

three digits instead of four-digit codes for later industrial Sic Will lomi With too few member companies to identify companies that match the size. Suitable company. should have the same three-digit code and similar industry sales revenue to the winners of awards at the awards. A total of 18 companies were selected to form a suitable sample. Companies in the award-winning test samples) are substantially larger in size than the matched sample companies. The average value (median) sales for the recipient of the award is $ 30,218 ($ 15,873 million, while for the company from which it was $ 20,450 ($ 7,413) million. Total assets showed a similar pattern with the $ 51,026 ($ 14,679) million for the recipient awards and $ 45,719 ($ 7,655) million for matching the company. in most cases, the winner of the award is the largest company in the industry code SIC three digits, and thus we were forced to choose the second largest company in the industry to include in the match when we compare sample. the size of the index directly between two samples, thus we included porformance sizc as control variables in multivariate tests to control the size effect on our tests.