Financial Statement Analysis and Security Valuation, by Stephen Penman

WEB LINKS

INDEX

I. Coverage of U.S. Companies

A. Company and Market Information/Overview

B. SEC Filings & Annual Reports

C. Current Financial News

D. Earnings Report Calendars

E. Analysts Reports and Research

F. US Stock Exchange Sites

G. Insider Trading Reports

H. Investor Forums

I. Ticker Symbol Look-up

J. Transactions: M&A, IPO, Private Equity, etc

K. Earnings Surprise Reports

II. Coverage of International Companies

A. Companies, Markets & Financial Data

B. Emerging Markets

C. ADRs

D. International Stock Exchange Sites

III. Industry & Market Analysis

A. Industry Research and Analyst Reports

B. Industry Overview and Trends

 C. Portfolio Tracking

D. SIC Codes

E. Company Comparison Tools

IV. Historical Data

A. Indices and Investment Returns

B. Archival Searches & Press Reports

V. Financial Reporting Policy

A. Accounting Standards, Regulators, Government Agencies and

Organizations
 VI. Research Tools

A. Financial Glossaries

B. Stock Screening Engines

C. Charting Engines

Note: Web Sites came and go, so some links may longer exist. Free sites
migrate to paid subscription sites over time.
I. Coverage of U.S. Companies

A. Company and Market Information/ Overview

These sites give you a basic company overview, including company profiles, current
stock price charts, current and historical price multiples, some analysis of fundamentals,
current news reports, and analyst forecasts. Some sites require membership, but there is
much free information on these sites. Choose one and make it your primary first stop
resource.

If you are a university student or faculty member, you will be able to access subscription-
based resources through your librarys web access. At Columbia Business School, go to:
http://www.columbia.edu/cu/lweb/indiv/business/. Select a database (many of which can
be accessed anywhere), and log on to the sites using your unix id (the first part of your
email address, do not add "@columbia.edu") and enter your password.

Subscription-based services via the Internet (through library web access)

S&P (Standard & Poor's NetAdvantage) is very comprehensive. You can look up a
symbol, type in a company or ticker, and receive a plethora of relevant information:
company profile sheet, financial highlights, industry and competitive analysis (comps that
you can download into excel), corporate actions, news, stock and bond reports, and more
importantly, Compustat Excel Analytics. A (limited) educational version of
NetAdvantage is available in the Student Edition of the web site.
The Business & Company Recourse Center and Factiva is good for a basic company
overview. Type in your company name, key word or ticker- and you will get SIC &
NAICS codes and key officer & company data. You can also find news, investment
reports (from various sources), financials, rankings, and an industry overview- based on
SIC codes. You can also get information on private companies (although not much).
OSIRIS is a comprehensive database of listed corporations, banks and insurance
companies around the world. In addition to the income statement, balance sheet, cash
flow and ratios it contains news, ownership, ratings, earnings estimates and stock data.
ORBIS is a useful database for company and industry analysis. Type in your company
name or ticker- and you will access a full company report (description, SEC filings and
financial data with ratios, information on company board and management, shareholders,
mergers and acquisitions, subsidiaries, stock data, segment data, news, etc.), peer and
other analyses.
Thomson ONE Banker offers analysis and full report of public companies, information
on indices, comparables, research, market awareness with economics data, ownership,
deals analysis, private equity, directors and officers, screening and targeting, research
tools

Web-based, free/public services via the Internet

 Yahoo! Finance http://finance.yahoo.com/. Very straight forward and easy to use. This
site is heavily centered on market action & information. On the home page, you will be
able to type in a ticker (and/or lookup a ticker), and get stock price information (quotes
are 20 min. behind), charts, headlines, company information (profile, key stats, links to
SEC filings, competitors & Industry), analyst coverage, ownership summary, and
financial statements. This site provides a lot of information, and is not as restricted as
some of the other sites. Also the analyst opinions are valuable for a quick look at
breakdown of the recommendations, mean, changes and juxtapositions with industry
means & the S&P.
Google Finance http://www.google.com/finance has similar information to Yahoo!
Finance.
ClearStation http://clearstation.etrade.com/ offers market, industry, indexes and company
information. You can type in a ticker, and get company profile and fundamentals (key
stats/metrics, stock performance, key officers), charts, headlines, news and other
SEC EDGAR http://www.sec.gov/edgar/searchedgar/webusers.htm. The EDGAR page
provides links to all SEC filings in html format, including annual reports 10K with
financial statements. (EDGAR will be replaced by IDEA in the future.)
CI Corporate Information- get corporate profiles, information of firm's operations and
research reports on companies at http://www.corporateinformation.com/. You must
register so as to gain access to a select group of company profiles for free; after which,
you must pay to use the site.
Hoover's Online http://www.hoovers.com/free/ . On the home page, you will be able to
search for a company by entering the company name or ticker. You will get a company
"fact sheet", basic industry information, top competitors and subsidiaries/affiliates. You
can also get stock quotes, key financial data, news, and some industry information. As
with many free sites, there are several pop-up ads that can be distracting. Although this
site contains a lot of free information, there are many locked areas, which can only be
accessed through a subscription.
Reuters site http://www.reuters.com/finance/stocks
MSN Money http://moneycentral.msn.com/investor/home.aspx
McGraw-Hill Irwin S&P Market Insight http://emi.compustat.com/cgi-irwinus-
auth/mihome.cgi?app=irwinus. Provides with company and industry profiles, data, news,
extensive financial statement information, stock price history, corporate action and
analytic reports, trends and projections
PCQuote.com http://www.pcquote.com/ . Good for getting a stock quote, price
information and a data table (including beta, eps, etc.). Most of the information on this
site centers around the stock price of the company, you will not find the company profiles
that you will see on other sites.
Investor Guide http://www.investorguide.com/ . Type in a ticker, and you get very basic
information: name, chart, exchange, size (large-cap, mid-cap, etc.) and a list of
competitors. More categories direct you to other web sites, [ie. if you are looking for
company profile, the site recommends Yahoo, The Street, CNET, CNN Money,
Morningstar, etc. This site is good to find other links, but not great as a primary source.
Barrons http://www.barrons.com/ . Barrons works with the Wall Street Journal to provide
company information, news, key facts. (In order to receive more research on the
company, you will need to subscribe.)
 BusinessWeek offers company overview/profile, financials, news, charts, earnings,
ownership, key officers, transactions, ownership, stock and options information
http://investing.businessweek.com/research/company/overview/overview.asp
Zacks http://www.zacks.com/ . In addition to quotes, company profiles, news, and charts,
Zacks provides earnings estimates
Stock Charts http://stockcharts.com/charts/
Vickers Stock Research provides company profile and ownership information
http://www.vickers-stock.com/
Link directly to companies' web sites through Investor Guide Index at
http://www.investorguide.com/
Valuation Resources provides links to industry information
http://www.valuationresources.com/

B. SEC Filings & Annual Reports

Financial reports can be obtained from the public resources; but unless you have to, it is
easier to go through the library web site and download the relevant financial data into
excel. Financial reports can also be obtained from most firms' web sites (especially if you
are looking outside the U.S.).

Subscription-based services via the Internet (through a Library)

Thomson ONE Banker offers analysis and full report of public companies. To download
SEC financial statements and other information into a spreadsheet, please go to SEC
filings and other financial reports and use the option to download in Excel or other format
(menu on the top of the screen).
ORBIS allows to access company financial statements, metrics and ratios, export it into
Excel, Word, Pdf and other format by clicking Export on the top menu (on the right
side of the screen).
Factiva is a searchable full-text database of nearly 8,000 newswires, newspapers,
magazines and trade journals. It has comparative data on companies and industries. Also,
company SEC filings.

Web-based, free/public services via the Internet

Guide to Filings from the Securities Exchange Commission, this site explains each form
http://www.sec.gov/info/edgar/forms/edgform.pdf
SEC Edgar database http://www.sec.gov/edgar/searchedgar/webusers.htm is useful
because you can search recent filings as well as the historical EDGAR archives. They
recently added a section on Mutual Fund Prospectuses.
FreeEdgar http://www.freeedgar.com/ is free, although you do have to register with the
site. It has a watchlist and download features.
Annual Report Gallery annual reports http://www.annualreports.com/ and
http://www.reportgallery.com
Annual Reports Library- the Library contains over 1.45 million original copies of Annual
Reports (and proxies) from corporations, foundations, banks, mutual funds and public
 institutions located around the world. This is a for-fee service, but the site also has a
useful collection of links to other annual report sites. http://www.zpub.com/sf/arl/
Annual Reports (Investor Relations Information Network)- Company annual reports. Full
text with graphics (in PDF format). Also, request free printed annual reports for many
companies via E-mail. http://www.irin.com/cgi-bin/main.cgi
Annual Report Service http://www.annualreportservice.com/ requires free registration for
the service
PRARS http://www.prars.com/ (The Public Register's Annual Report Service) for
requesting free annual reports of the companies that participate in PRARS (mailed within
one business day)
Investor Relations Information Network - This site provides access to online annual
reports (PDF format) for companies, as well as links to company home pages and much
more. http://www.irin.com/cgi-bin/main.cgi

C. Current Financial News

These sites deliver financial news. On many sites, they can automatically email you
updates on a specified subject matter (for free). Many of the aforementioned sites (in
section A. Company Information/Overview) contain current financial news as well.

Subscription-based services via the Internet (through a Library)

Factiva is a searchable full-text database of nearly 8,000 newswires, newspapers,

magazines and trade journals.
ABI INFORM (dateline, global, trade & industry) is an interdisciplinary database which
also contains Newspaper Abstracts and Periodical Abstracts. It includes more than 2,000
professional, scholarly, trade and general interest periodicals, including full-text for 1,000
titles and citations and abstracts for the others. The database also covers 27 primary and
secondary U.S. newspapers (including a 90-day rolling file of The New York Times), 11
of which are in full-text
LexisNexis Academic is an interdisciplinary, full-text database of over 18,000 sources
including newspapers, journals, wire services, newsletters, company reports, case law,
government documents, transcripts of broadcasts, and selected reference works. Public
opinion data back to 1930s from the Roper Center.

Web-based, free/public services via the Internet

Bloomberg http://www.bloomberg.com/
CNNfn http://money.cnn.com/
WSJ Interactive Edition http://www.wsj.com/
Financial Times http://news.ft.com/home/us
Reuters http://www.reuters.com/
Dow Jones http://www.dowjones.com/
CBS Market Watch http://cbs.marketwatch.com/
Yahoo! Finance http://finance.yahoo.com/
Google Financial News http://news.google.com/
Financial News Online http://www.efinancialnews.com/
 Barrons http://www.barrons.com/
Forbes http://www.forbes.com/
Fortune http://www.fortune.com/
Economist http://www.economist.com/
BusinessWeek http://www.businessweek.com/
Internet News http://stocks.internetnews.com/
Reuters/Investor http://www.reuters.com
SmartMoney http://www.smartmoney.com/
InvestorLinks http://www.investorlinks.com/

D. Earnings Report Calendars

Calendars of expected earnings report dates. Some services will email you with updates,
changes, etc.

Web-based, free/public services via the Internet

Zacks http://www.zacks.com/research/ is great if you want analysts' earnings estimates. It

provides the average of the estimates, the number of analysts, low, high and EPS growth
rate
Reuters provides earnings estimates and recommendations on stocks culled from
hundreds of research firms. The service also provides limited free research reports from
sponsoring firms http://www.reuters.com
TheStreet.com provides earnings estimates courtesy of First Call. The Research section
provides not only current estimates, but also historical estimates and revisions over the
past few months. Industry growth rates and industry & sector earnings estimates are
included in a comparative table http://www.thestreet.com/
Yahoo! Finance, Earnings Calendar http://biz.yahoo.com/research/earncal/today.html
The Online Investor Calendar http://www.theonlineinvestor.com/earnings_calendar
Firm's Beta Look-up http://www.quote.com/qc/research/marketguide.aspx?
symbols=NYSE:PG/ and calculated betas for any asset or a list of assets http://www.e-
mastertrade.com/en/main/capm_tools/capm_tools.aspx
BestCalls.com A free directory of earnings conference call schedules. Free email alerts
and resources. http://www.bestcalls.com/
Earnings Whispers earnings calendar, discussion, recommendations
http://www.411stocks.com/

E. Analysts' Reports/ Research

Analyst reports and research will give you a detailed understanding of a particular
company. You can get the analysts' forecasts for the firms' earnings as well as specific
insight. Initiating reports (sell-side research) oftentimes gives the most information on a
particular company, including a full income statement and/or balance sheet data, an in-
depth discussion of the company's product and services, a competitive analysis and
market overview.
 In addition to these resources, it is useful to look at relevant Industry Research (section
III A), as there will be information on a selected companies.

The subscription-based data through a (university) library is most useful here; it is best to
start with these resources. Many of the free sites will give you a list of research, but will
most likely make you pay for each report.

Subscription-based services via the Internet (through a Library)

Reuters Research on-Demand gives full-text investment research reports supplied by

leading investment banks, brokerage firms and third party providers
http://www.columbia.edu/cgi-bin/cul/resolve?APQ5971
Thomson One Banker research provides sell-side reports from the banking and
brokerage institutions
Standard & Poor's provides company research, but does not give other analysts'
recommendations

Web-based, free/public services via the Internet

Zacks http://www.zacks.com/research/ is great if you want analysts' earnings estimates. It
provides the average of the estimates, the number of analysts, low, high and EPS growth
rate
Reuters provides earnings estimates and recommendations on stocks culled from
hundreds of research firms. The service also provides limited free research reports from
sponsoring firms http://www.reuters.com
Researchstock.com provides research on small/mid cap and some large cap firms that are
being overlooked by major research staffs. This is a subscription-based website, but has a
lot of free research reports on various industries (Advertising & Marketing Services
Industry, .coms, pharmaceuticals, consumer products) and companies (including AOL
Time Warner, Anheuser-Busch, The Limited, amazon.com)
http://www.researchstock.com/
TheStreet.com provides earnings estimates courtesy of First Call. The Research section
provides not only current estimates, but also historical estimates and revisions over the
past few months. Industry growth rates and industry & sector earnings estimates are
included in a comparative table http://www.thestreet.com/
The Online Investor http://www.theonlineinvestor.com/ also gives earnings estimates and
analyst information.
Quicken Quotes http://www.quicken.com/investments/quotes/ provides earnings
estimates, covering analysts, EPS data, analyst ratings, etc. It will also direct you to
research reports from Multex, S&P and PIRS Research; but unless you purchase a
subscription, you will not get access to this information
Yahoo! Finance has a specific area dedicated to research http://biz.yahoo.com/r/

F. US Stock Exchange Sites

Market and firm information. You can find stock exchange information directly on the
web via their websites:
 Web-based, free/public services via the Internet

New York Stock Exchange: NYSE Euronext http://www.nyse.com/

NASDAQ http://www.nasdaq.com/
American Stock Exchange (acquired by NYSE Euronext): NYSE Alternext
http://www.amex.com/
Chicago Board of Trade http://www.cbot.com/
Chicago Mercantile Exchange http://www.cme.com/
Links to other stock exchange sites (Including commodities & future exchanges, virtual
stock exchanges):
o http://www.cmegroup.com/
o http://www.cboe.com/
o http://www.nymex.com/
o http://www.investorlinks.com/directory/11/
o http://www.lib.lsu.edu/bus/finance.html#StockUS

G. Insider Trading Reports

Get details on the trading activities of corporate insiders.

Subscription-based services via the Internet (through the Business School Library)

SEC EDGAR http://www.sec.gov/edgar/searchedgar/webusers.htm is recommended as it

is straight forward. Additionally, you can select which statement you want to download
and/or print. It also gives a very comprehensive breakdown of all of the sections in the
filings. Web-based, free/public services via the Internet (FreeEdgar http://freeedgar.com/
is free but requires registration)
Yahoo! Finance http://finance.yahoo.com/
10K Wizard: http://www.10kwizard.com/ requires subscription

H. Investor Forums

Investor forums are usually free. Many of the links in section I A also have dedicated
areas where one may join/observe investor forums

Web-based, free/public services via the Internet

Investorville http://www.investorville.com/
Forex forum is the hub for forex traders on the web, no chat - all market related. The all
purpose site for traders, also includes F, stock indices rates, charts, IMM swaps, and
analysis. http://www.global-view.com/beta/
Market Forum is a website forum that focuses on futures and options
http://www.marketforum.com/
Alternative Investment Management Association (AIMA): activities include training,
education, commission of relevant research, marketing of the industry as a whole and,
 most importantly, the creation of a neutral forum where all views can be heard
http://www.aima.org/
Site-By-Site International Investment Portal & Research Center: http://www.site-by-
site.com/
InvestorLinks and Investor Home provide links to other websites
http://www.investorlinks.com/, http://www.investorhome.com/
Superstar Investor provides references and links to sites with data on technical and
fundamental analysis http://www.superstarinvestor.com/
Investor Education provides general information, news and references
http://www.investoreducation.org/

I. Ticker Symbol Look-Up

You can find and search for ticker symbols on most of the aforementioned Company
Information/ Overview websites (see section I A)

Web-based, free/public services via the Internet

CBS MarketWatch http://cbs.marketwatch.com/tools/quotes/lookup.asp?siteid=mktw

CBS MarketWatch, this site allows you to view all the ticker symbols on:
o North American Markets
o European Markets
o Asian Markets
o South American Markets
o U.S. Indexes
o U.S. Commodities
o Canadian Indexes
Yahoo! Finance http://finance.yahoo.com/

J. Transactions: M&A, IPO, Private Equity, etc.

Most transactions are described in a press release and can be found in company news (see
section I. C). However, if you are want to find all of the M&A activity that occurred in a
specific industry group or company, then going to the library, including Bloomberg, is
your best bet. You can do an SDC search (which is the most efficient way of performing
an in-depth search for analysis). Specifics of the transaction are usually provided if the
deal is large; but sometimes, in smaller deals, finding the press release will yield more
details than an SDC search.

Subscription-based services (through Business School Library)

SDC Platinum (Business Electronic Resources) - SDC is only available in the Business
Library and there is an embargo period of 60 days on the data in SDC. Data can be
downloaded through http://www.columbia.edu/cgi-bin/cul/resolve?clio5020753 (click on
the Deals tab). The three components of the Business Library's subscription to SDC are:
 o VentureExpert, which has data on venture capital deals from 1970 onward. 70%
of the companies are private. VentureXpert offers the most extensive query and
report database for the private equity industry, helping market professionals to
raise capital efficiently, invest that capital wisely, and exit from those investments
profitably. VentureXpert is the single source for comprehensive information on
venture funds, private firms, executives, venture-backed companies and limited
partners, as well as an analytics source for fund performance, commitments,
disbursements, and statistics. VentureXpert's comprehensive data includes:
investment information for over 23,500 private-equity backed companies, over
7,100 venture capital and buyouts funds managed by over 4,400 private equity
firms, over 118,000 private equity transactions from 1970 to the present Exclusive
deal and fund information from all corners of the globe.
o Worldwide Merger and Acquisitions, which contains data on all corporate
transactions involving at least 5% of the ownership of a company, varied coverage
from 1980 onward.
o New Issues, containing all taxable issues of debt, equity and taxable municipals
since 1970.
o Mergers, Acquisitions & Alliances (Business Electronic Resources) - contains
data on domestic mergers from 1979 to the present and 1985 to the present for
international. (because of our contract this is a 60 day embargo on the
information). The database includes all transactions involving at least 5% of the
ownership of a company where a transaction was valued at $1 million or more
(after 1992, deals of any value are covered. The Database is updated daily, but
there is a 60 day embargo on the data via our academic subscription. Available
only at the Business School Library (not available online off campus)
Galante's Venture Capital and Private Equity Directory (Business Electronic Resources)-
CD-ROM version of Galante's print directory. Includes profiles of over 1,700 firms and
investors, searchable by name, geography, type of firm, industry, size and other variables.
This database is available ONLY in the Business Library. Results may be printed but not
downloaded.
Dealscan (Business Electronic Services) -DealScan is a comprehensive and reliable
source for global loan, high-yield bond and private placement data terms and conditions
on over 100,000 transactions dating back to 1986. Approximately 250 new transactions
are added weekly to the database. DealScan contains over 200 search categories, which
can be used to customize a search and screen comprehensive data to find market
information. Search by borrower information including (country/region, ratings, SIC
codes), by purpose, on over 70 currency types, by pricing, covenants and fees. Reports
can be sorted, printed, and downloaded into Microsoft Excel for further analysis. Both
simple and detailed reports are available. Use customizable report options and select and
display only relevant information. Generate League Tables on the fly. Display reports in a
currency of your choice. Available only at the Business School Library (not available
online off campus)
Deal Focus provides access to The Deal.com
Global Corporate Finance through SDC (also online through Thomson ONE Banker
under Deals Analysis: Equity or Bonds) (Business Electronic Resources) - The SDC
Platinum Global Corporate Finance database provides information on U.S. and non-U.S.
 domestic new issues, international warrants, worldwide syndicated loans, medium term
note programs, and U.S. underwritten calls. Delivering the most in-depth information
available, the Global Corporate Finance database covers more than 112,000 U.S. public
offerings with 800 data elements dating back to 1970, and 50,000 public offerings with
500 data elements dating back to 1983. There is a 60 day embargo on the data.

Web-based, free/public services via the Internet

The Deal.com Get information on M&A, Private Equity, Venture Capital, IPO and
Bankruptcies. Sign up and receive email alerts on transactions. Membership required for
most of the site, some parts are free. http://www.thedeal.com/NASApp/cs/CS?
pagename=Home&c=Page&cid=1011714706980
IDD Magazine (Investment Dealers' Digest) Has an investment banking database, and a
database for private equity and M&A deals. You can sign up for a free trial subscription,
but after two weeks, you will have to pay for access.
http://www.iddmagazine.com/idd/weeklyheadlines.cfm
Mergerstat (Global Mergers & Acquisition Information) Most of this site requires a
subscription; however, you can access recent M&A news for free.
http://www.mergerstat.com/
VFinance.com Search through a free database of Venture Capital firms, see what firms
are investing in what industries, companies, etc. Most of the site is free; great resource for
VC information. http://www.vfinance.com/
Business Valuation Resources Search through a comprehensive industry database (via
SIC/NAICS codes) for recent transactions. You will get deal size, price paid, some
financial data. This database is for subscribers, but you can do free searches via the
"visitor search" button. http://www.bvmarketdata.com/CPSAdvSearch.asp
Valuation Resources Most of the links on this site require paid subscriptions, but there
are many free areas to some of these sites. Worth taking a look
http://www.valuationresources.com/TransactionData.htm
IPO Central - Find IPOs by industry, underwriter, state or metro area. Or, browse IPOs
alphabetically or chronologically by filing date. Includes prospectuses, analyses, news,
and more. Most of the information is free, but there is a portion of the site that requires
subscription. http://www.hoovers.com/global/ipoc/index.xhtml
IPO Express Up-to-date IPO information. http://www.edgar-online.com/
PriceWaterhouse Coopers National Venture Capital Study - The Price Waterhouse Survey
Research Center contacts more than 1,000 venture capital firms to gather data on each
firm's investments during the prior quarter. The information collected and analyzed by
Price Waterhouse includes investment by sector (for example, software, hardware &
peripherals, semiconductors & equipment, and biotechnology & medical
instrumentation), the investment round, total amount of the round and the co-investors.
http://www.pwcmoneytree.com/moneytree/index.jsp
Red Herring Free registration. Information on IPOs. http://www.redherring.com/
Open IPO.com From Hambrecht & Co. Free information on IPOs, company and market
data. http://www.openipo.com/ind/index.html
Yahoo! IPO Yahoo! Finance has a section dedicated to IPOs. http://biz.yahoo.com/ipo/
IPO Guys IPO research and analysis; announcements of recent filings, withdrawals,
pricing information. Much of this site is free. http://www.ipoguys.com/
 The IPO Network A good source for information on IPOs; searchable database
http://www.ipo-network.com/
Renaissance Capital IPO information: calendar, news, pricing, rankings, data,
underwriters, IPO index. http://www.ipohome.com/
IPO Monitor Recent filings, pricings, IPO information. http://www.ipomonitor.com/
123 Jump.com Global Financial Markets IPO calendar, profiles and performance.
http://www.123jump.com/ipo/index.htm

K. Earnings Surprise Reports

Yahoo! http://biz.yahoo.com/zacks/

II. Coverage of International Companies

A. Companies, Markets & Financial Data

Subscription-based services via the Internet (through the Business School Library)

Guide to Foreign Direct Investment - Use this as a starting point for finding print and
electronic sources of information in the Watson Library.
http://faq.cul.columbia.edu/recordList?library=col_business&institution=Columbia
Datastream (with international coverage, available through the library) - Contains IMF,
OECD, and European Union financial data for hundreds of countries, including direct
investment abroad, debt and equity portfolio investment, and direct investment within the
host country. Also includes aggregate import and export data, balance of payments, and a
wide range of other financial information. Data is available in time-series format and
downloadable directly into a spreadsheet. An excellent online manual is available via
Princeton University. The HELP-LINE can assist you with particular codes and macros:
(212) 804-4004.
Factiva - Click the "Companies/Markets" button on the navigation bar. Search by stock
symbol or company name to locate financial profiles on more than 12,000 major
companies in 58 countries, including those both publicly and privately held. Reports
include corporate profiles, operating summaries, balance sheets, income statements,
financial ratios, stock data, and accounting practices.
Reuters Research on-Demand Search by stock symbol or company name to access the
analyst coverage supplied by international investment banks, brokerage firms and third
party providers http://www.columbia.edu/cgi-bin/cul/resolve?APQ5971
LEXIS-NEXIS Academic Universe - Select "Business", then select region/location and
search for companies and access their Financial Information (using the menu on the
left).
LEXIS-NEXIS Statistical (Statistical Universe) - Provides statistical data, bibliographical
citations to statistical information from U.S. government publications from 1973, state
and private sources from 1980, and international organizations from 1983. Some items
have links to full-text. Comprised of American Statistics Index (ASI),Index to
International Statistics (IIS), and Statistical Reference Index (SRI). Coverage varies;
updated monthly
 STAT-USA. - (Web-accessible database). Contains detailed reports on investment
conditions for hundreds of countries, as well as economic policy and trade practices,
foreign economic relations, labor trends, country-specific commercial guides, exchange
rate information, and FDI flows by source country, usually for the past three to five years.
Sections particularly relevant for FDI include the sections on Country Specific
Information and the Market Reports Historical Archive.
Global Corporate Finance (Through SDC or Thomson ONE Banker online) (Business
Electronic Resources) - The SDC Platinum Global Corporate Finance database provides
information on U.S. and non-U.S. domestic new issues, international warrants, worldwide
syndicated loans, medium term note programs, and U.S. underwritten calls. Delivering
the most in-depth information available, the Global Corporate Finance database covers
more than 112,000 U.S. public offerings with 800 data elements dating back to 1970, and
50,000 public offerings with 500 data elements dating back to 1983. There is a 60 day
embargo on the data. Only available in the Business School Library.
World Development Indicators - HC59.15 .W656 1998 (Reference) CD ROM (CD-ROM
HC59.69 .W683 available in The Electronic Data Service. World Bank data from over
200 countries and more than 800 time series, including Foreign Direct Investment
Inflows as a percentage of GDP and GDI, Gross Domestic Fixed Investment, net direct
and portfolio investment, and a wide range of other economic and socio-economic time
series. Data is annual and can be downloaded directly into Excel, SAS and other
statistical software packages. Selected indicators are available on the web site linked with
the title, above.

Web-based, free/public services via the Internet

General International Business Community
Bureau of Export Administration - Resources and Regulations. http://www.doc.gov/
International Trade Web Resources - Maintained by the Federation of International Trade
Associations, this site is a good place to begin research on international trade.
http://www.fita.org/webindex/noaccess.html
Web resources for international economics & business - Comprehensive coverage of
international business and economics. http://noah.ship.edu/
Country Studies: Area Handbook Series - From the Library of Congress, this site
provides extensive information on foreign countries. Searchable database.
http://lcweb2.loc.gov/frd/cs/cshome.html
Currency Converter - From OANDA, this converter allows you to specify conversions by
Interbank rate + various percentages, as well as credit card and cash rates. Currency
conversions can be calculated back to January 1990.
http://www.oanda.com/convert/classic
Currency Converter XE - Universal currency converter http://www.xe.com/
Currency Converter From the University of British Columbia http://fx.sauder.ubc.ca/
Fortune Global 500 Arranged by rank, but also searchable.
http://www.oanda.com/convert/classic
St. Louis Fed macroeconomic indicators and foreign exchange
http://research.stlouisfed.org/fred2/
 GRA Research Hotlinks - A collection of links for political risk research. Bypass the first
part of the page (with basic search tools) to reach links for background and data on
countries, as well as links to sites that report on risk. http://www.grai.com/links.htm
123 Jump.com Global Financial Markets IPO calendar, profiles and performance.
http://www.123jump.com/ipo/index.htm
S&P Global Indices http://www.spglobal.com/
Dow Jones Indexes http://www.djindexes.com/
iShares offers information on international funds and index funds
http://www.ishares.com/
Closed-End Fund Association covers ETFs and global funds http://www.cefa.com/
GlobalEDGE - Extensive links for international business from the Center for
International Business Education & Research (CIBER) at Michigan State University.
http://globaledge.msu.edu/ibrd/ibrd.asp
Intergovernmental Organizations - Links to Intergovernmental Organizations.
http://www.columbia.edu/cu/lweb/indiv/business/ir/intgov.html
Intergovernmental Organizations Publications - This is a gateway to the ready reference
sources of IGOs such as the European Bank for Recontruction & Development, the IMF,
etc. http://www.columbia.edu/cu/lweb/indiv/business/ir/intgov.html
IDB - International Data Base - The International Data Base (IDB) is a computerized data
bank containing statistical tables of demographic, and socio-economic data for all
countries of the world. http://www.census.gov/ipc/www/idb/
International Trade Center - The International Trade Centre UNCTAD/WTO (ITC) is the
focal point in the United Nations system for technical cooperation with developing
countries in trade promotion. ITC is directly responsible for implementing UNDP-
financed projects in developing countries and economies in transition related to trade
promotion. http://www.intracen.org/
International Monetary Fund - This site includes IMF publications, featuring links to full
text publications listed alphabetically, IMF Working Papers in full text, as well as the
catalog of IMF publications in PDF. http://www.imf.org/external/
International Trade Administration - Resources include statistics, information on regions,
industries, hot topics and more. http://www.ita.doc.gov/
Investor Relations Information Network - This site provides access to online annual
reports (PDF format) for companies, as well as links to company home pages and much
more. http://www.irin.com/cgi-bin/main.cgi
Institute for Management Development - Publishes the World Competitiveness Report,
parts of which are excerpted at this site. http://www01.imd.ch/
IC2 Institute - The Institute provides unique approaches to the study of business,
technology, political, social, and economic issues by studying unstructured problems,
developing multidisciplinary think teams and going beyond functional boundaries,
linking theory with practice, and providing opportunities to think anew within a
university environment. http://www.ic2.org/
Market Access Database - From the EU, provides News of the Commission's Market
Access Strategy, as well as Market Access Sectoral and Trade Barriers Database arranged
by country and GATS Info-Point, containing a complete guide to the General Agreement
on Trade in Services (GATS), and more. Some additional services are restricted to
members. http://mkaccdb.eu.int/
 Market Access Information - Arranged by country, this site provides country commercial
guides, and country reports on economic and trade policy. From the Trade Compliance
Center, U.S. Dept. of Commerce. http://tcc.export.gov/index.asp
NAFTA (SICE: Foreign Trade Information System) - Text of the North American Free
Trade Agreement. http://www.sice.oas.org/trade/nafta/naftatce.asp
NAICS - The North American Industry Classification System (NAICS) provides common
industry definitions for Canada, Mexico, and the United States. The new NAICS system
will replace the countries' separate classification systems with one uniform system for
classifying industries. In the United States, NAICS will replace the Standard Industrial
Classification (SIC) system. http://www.census.gov/epcd/www/naics.html
OECD Online - Contains links to documents, the publications catalog, statistics, news,
and information about member countries, with a searchable index.
http://www.oecd.org/home/
Also see The Centre for Co-operation with Non-Members--OECD, which serves as the
"focal point for the development of policy dialogue between OECD and non-member
economies." The site provides information about programs carried out by the Center such
as Emerging Market Economy Forum, the Transition Economy Program, and various
country and regional programs. Also available at the site is Transition Brief, a quarterly
newsletter that provides updates on the activities of The Centre. Visitors to the site will
also find a list of publications and free documentation.
http://www.oecd.org/countrieslist/0,3351,en_33873108_33844430_1_1_1_1_1,00.html
The Electronic Data Service at Columbia University provides access to the OECD
International Sectoral Database. http://www.columbia.edu/acis/eds/
Office of the U.S. Trade Representative - Access reports, including the Study on the
Operation and Effect of the North American Free Trade Agreement[released July 16,
1997, 140 pages in length], the National Trade Estimate Report on Foreign Trade
Barriers, and the Trade Policy Agenda & Annual Report of the President of the United
States on the Trade Agreements Program. Also available from this site are transcripts of
speeches and Congressional testimony by USTR Officials, and Agreements Negotiated
by the U.S. Trade Representative. Most files are in PDF format. http://www.ustr.gov/
Transparency International - is a non-governmental organisation dedicated to increasing
government accountability and curbing both international and national corruption.
http://www.transparency.org/
World Bank - The resources here include an Online Library; electronic version of print
publications. http://www.worldbank.org/
World Trade Agreement - The Final Act and Agreement Establishing the World Trade
Organization. (including GATT 1994), Uruguay Round. Text is searchable.
http://www.jus.uio.no/lm//international.economic.law/wto.html
World Trade Organization - Resources include research and analysis and news releases.
http://www.wto.org/

Asia, Pacific-Rim, ASEAN

Asia Business Connection- This site contains links to manufacturers, exporters,

importers, business services, contacts and other information. http://www.asiabiz.com/
 Asia Foundation- The Asia Foundation is a private, nonprofit, nongovernmental
organization working to build leadership, improve policies, and strengthen institutions to
foster greater openness and shared prosperity in the Asia-Pacific region. Resources
include: Reports and Publications. http://www.asiafoundation.com/
Asia Trade- Links to resources related to trading in Asia including: Conventions and
Trade, Exhibitions, Importers & Exporters, Insurance Companies, Banking & Financial
Institutions, Real Estate Investments, and more. http://www.asiatrade.com/
Daiwa Institute of Research- Included are reports under the following headings:
Viewpoint, Economic Reports, Strategy Reports, Corporate and Industry Reports, and
Asia Pacific Reports. http://www.dir.co.jp/english/index.html
Japan Financials- Complete detailed financial statement data for all companies listed on
the Tokyo Stock Exchange. http://japanfinancials.com/
JETRO- Japan's External Trade Organization, provides a web site full of useful data and
resources. http://www.jetro.go.jp/
Japan's Ministry of Economy, Trade and Industry (METI)- The Ministry site informs
visitors about Japan's current economic policies. Reports available include the plans to
reform the economic structure, trade issues, and the 1997 White Paper on International
Trade which looks at trends in world trade and long-term issues concerning Japanese
trade and industry. A collection of chronologically sorted press releases, transcripts of
press conferences, statistics on industrial production, and a summary of industrial
economic trends can be found at this site. A collection of trade-related reports and
Japanese submissions to the World Trade Organization (WTO) are also available.
http://www.meti.go.jp/english/index.html
Nikkei Net Interactive- Latest news and resources on Japan and Asian economies.
http://www.nni.nikkei.co.jp/

Canada

Canadian Filings Database SEDAR- The SEDAR Database contains publicly accessible
information and documents filed with the securities commissions by Canadian public
companies and mutual funds as well as related third parties, all of whom are required to
file disclosure documents and other information electronically. http://www.sedar.com/
Strategis- This site was developed by Industry Canada and provides a searchable database
of Canadian companies, business information for each sector, a list of business support
services, and a guide to business laws and regulations. Trade Data Online provides
Canadian and US trade data. http://strategis.ic.gc.ca/

Europe

Companies House - The organization with which UK public companies must file --
approximate equivalent to the SEC in the US. http://www.companies-house.gov.uk/
Company Guide - Includes financial information on publicly traded British companies.
The information includes 5 Yr Summary P&L with Balance Sheet, Daily Share Price,
Brokers' Consensus, Shareprice Graph, Advisers, Directors, Major Shareholders,
Registrars, Contact Details, and Key Dates. http://www.hemscott.com/
 Euromoney - This site provides numerous resources including the current issue of
EuroMoney magazine, full text search, and data on countries and markets. Content is
free, but you are asked to register to use the service. http://www.euromoney.com/
Euro Pages - One can search for companies by industry and geography. Also has
statistical and textual information on European industry sectors.
http://www.europages.com/
Information on the Euro- The official EU site for Euro information. Euro Conversion
Rates, for the 12 countries which have tied their currencies to the Euro. EURO Currency
Converter. http://ec.europa.eu/economy_finance/the_euro/index_en.htm?cs_mid=2946
European Central Bank http://www.ecb.int/
Financial Europe (Email) - A web news service with analysis on the EU & Euro issues;
mostly in French. http://www.fee-euro.com/
The Single Currency and the European Parliament
http://www.europarl.eu.int/euro/default_en.htm
Maastricht Treaty - Text of the treaty.
http://europa.eu/scadplus/treaties/maastricht_en.htm
Western Europe and the European Union Information Resources - From the Lehman
Library at Columbia University.
http://www.columbia.edu/cu/lweb/indiv/lehman/guides/westoid.html
European Case Clearinghouse Online - The European Case Clearing House maintains
three separate collections of case materials:- 1. Harvard Business School (HBS) 2.
University of Western Ontario (UWO) and 3. The European Case Clearing House
(ECCH). Collectively these represent over 10,000 items and include case studies, videos,
technical notes, industry notes, case software and course modules. http://www.ecch.com

B. Emerging Markets

Emerging markets is typically defined as a financial market of a developing country,

usually a small market with a short operating history. Countries in the process of building
market-based economies are broadly referred to as emerging markets, though there are
major differences among the countries included in this category. Some emerging-market
countries, including Russia, have only recently relaxed restrictions on a free-market
economy. Others, including Indonesia, have opened their markets more widely to
overseas investors, and still others, including Mexico, are expanding industrial
production. Their combined stock market capitalization is less than 3% of the worldwide
total.

Subscription-based services via the Internet (through the Business School Library)

ISI Emerging Markets News - A comprehensive collection of full-text sources and

financial information from emerging markets, including Argentina, Brazil, Chile,
Columbia, Ecuador, Peru, Venezuela, China, India, the Baltic States, Bulgaria, the Czech
Republic, Hungary, Poland, Romania, Russia, Turkey, and Ukraine.
Global Insight (e.g. MSCI) - Includes research/data on indices and other products. Once
in the database click on datainsight web (from menu on the left) and then select a
keyword search (MSCI). http://www.columbia.edu/cgi-bin/cul/resolve?APQ6028
 Web-based, free/public services via the Internet

Emerging Markets -- The Newspaper of Record for the World's Development Bank
Meetings - Emerging Markets is the daily newspaper of record for the joint annual
meetings of the International Monetary Fund and the World Bank, as well as the annual
meetings of the Inter-American Development Bank, European Bank for Reconstruction
and Development, African and Asian Development Banks.
http://www.emergingmarkets.org/
Emerging Markets Companion - Distinguished by its focus on Latin American debt
instruments, this site has asset pricing, research, news, and more for Brady Bonds, euro
and non-euro bonds. http://www.emgmkts.com/
JP Morgan -Research focuses on debt markets in emerging economies.
http://www.jpmorgan.com/
Emerging Markets Bond Index Plus - Created in 1993, EMBI tracks total returns for
traded external debt instruments in emerging markets such as Brady Bonds and
Eurobonds. http://product.datastream.com/Navigator
Morgan Stanley Capital International (MSCI) Barra - Includes Market Performance
charts, News, Press Releases, Research MSCI Index Information (Taiwan, Singapore
Free), MSCI RISK Indicators, MSCI Value and Growth Indices MSCI Small Cap and
Extended Indices and other information. http://www.mscibarra.com/index.jsp/
RENIC - The Russian and East European Network Center from the University of Texas at
Austin. Searchable by keywords or browse by country http://reenic.utexas.edu/index.html
Trends in Developing Economies (TIDE) - provides brief reports on most of the World
Bank's borrowing countries. This compendium of individual country economic trends
complements the World Bank's World Development Report, which looks at major global
and regional economic trends and their implications for the future prospects of the
developing economies. TIDE digests information from national sources and adds staff
commentary to explain recent developments. Experimental access to Trends in
Developing Economies is available through
World Wide Web search interface (linked under: Archival and Access Information").
http://www.ciesin.org/IC/wbank/tde-home.html
LATCO - Tools of the Trade - Useful Sites for International Trade with Latin America.
http://www.latco.org/tools.htm
LANIC (Latin America Network Information Center) - Internet Resources from
University of Texas at Austin. http://lanic.utexas.edu/
Mbendi - Information for Africa - Dubbed Africa's electronic encyclopedia for business
and commercial information, The MBendi AfroPaedia is compiled by MBendi
Information Services to assist companies and business people...In our pages you will find
information on the business opportunities and challenges in the countries of Africa, the
companies and organisations active in various industry sectors (Oil, Gas, Chemicals,
Mining etc.), the leading business and government personalities, details of conferences
and exhibitions, a directory of products and services, the larger development projects
currently underway in Africa, key African publications, and information on the African
Stock Exchanges. This information is updated continuously, with important changes
listed in our new pages section. http://www.mbendi.co.za/
 Middle East Internet Directory companies arranged by country and industry
http://www.arab.net/meid/
Financial Times - The FT site includes useful features that can be used for acquiring
emerging markets intelligence. Requires registration. Click on Contents to access the
front page. The information pertinent to emerging markets can be found under Company
Briefing as well as the World Shares and News & Analysis subheadings under the
Equities heading. Company Briefing allows for company searching by industry sector of
a specific country. World Shares allows for searching by share name with options to
refine by country and stock exchange. http://www.ft.com/
International Monetary Fund - This site includes IMF publications, featuring links to full
text publications listed alphabetically, IMF Working Papers in full text, as well as the
catalog of IMF publications in PDF. http://www.imf.org/external/
World Bank - The resources here include an Online Library; electronic version of print
publications. http://www.worldbank.org/

C. ADRs

American Depository Receipts (ADRs) are certificates issued by a US depository bank,

representing foreign shares held by the bank, usually by a branch or correspondent in the
country of issue. One ADR may represent a portion of a foreign share, one share or a
bundle of shares of a foreign corporation. If the ADR's are "sponsored," the corporation
provides financial information and other assistance to the bank and may subsidize the
administration of the ADR. "Unsponsored" ADRs do not receive such assistance. ADRs
are subject to the same currency, political, and economic risks as the underlying foreign
share. American depository shares (ADS) are a similar form of certification.

JPMorgan's ADR.com http://www.adr.com/

The Bank of New York Mellon's ADRs http://www.adrbnymellon.com/home_dr.jsp
Site-By-Site http://www.site-by-site.com/adr/toc.htm

D. International Stock Exchange Sites

International market and firm information. These are all web-based and free/public sites
via the Internet. If you are searching for a specific country's stock exchange, the best
resource is to search via the web. These sites have links to stock exchange sites
(Including International commodities & future exchanges)

General Information

Stock Exchanges Worldwide Links is a list of the world's major stock exchanges and
other exchange resources. Stock exchanges available from Africa, Asia, Europe, Middle
East, North America, and South America.
http://www.tdd.lt/slnews/Stock_Exchanges/Stock.Exchanges.html
International Stock Exchanges http://www.site-by-site.com/exchanges_world.htm
African Stock Exchanges Association (ASEA) http://www.jse.co.za/
Federation of Euro-Asian Stock Exchanges (FEAS) http://www.feas.org/
 Federation of European Stock Exchanges (FESE) http://www.fese.be/
Ibero - American Federation of Stock Exchanges (FIABV) - Buenos Aires
http://www.fiabnet.org/es/index.asp
International Federation of Stock Exchanges http://www.fibv.com/
International Organization of Securities Commissions (IOSCO) http://www.iosco.org/

Specific Country Exchange Sites (not comprehensive)

London Stock Exchange: http://www.londonstockexchange.com/
Tokyo Stock Exchange: http://www.tse.or.jp/english/index.html
Paris Bourse / Euronext: http://www.euronext.com/landing/indexMarket-18812-FR.html
Deutsche Boerse (German Stock Exchange): http://deutsche-boerse.com/
Bolsa De Madrid (Madrid Stock Exchange): http://www.bolsamadrid.es/ing/portada.htm
Australian Stock Exchange: http://www.asx.com.au/
National Stock Exchange of India: http://www.nseindia.com/
Tel-Aviv Stock Exchange: http://www.tase.co.il/
The Russian Exchange: http://www.rts.ru/en/
The Suisse Exchange: http://www.swx.com/

III. Industry/Market Analysis

A. Industry Research/ Analyst Reports

Industry research will give you an overview of the competitive landscape, recent trends
and predictions. These sites will allow you to easily find research on a particular industry-
retail, for example. Some of the research is sell-side, and some are from independent
research firms. The subscription-based data through a university library is most useful
here; it is best to start with these resources. Most of the free sites will give you a list of
research, but will most likely make you pay for each report.

Subscription-based services via the Internet (through Business School Library)

Investext provides timely access to analysts' reports on companies and industries,

Moody's company reports, and industry reports and literature from trade and professional
associations. The reports cover U.S. and international companies and are updated daily.
Reuters Research On Demand gives full-text investment research reports, both U.S. and
international, supplied by 600 investment banks (including some leading institutions),
brokerage firms and third party providers. Many of these are company reports, but some
of the initiating reports have important industry information
Standard & Poor's provides global industry research (or industry surveys), very useful for
market analysis: Execucomp and Net Advantage
Jupiter Communications provides web-based global research (updated regularly),
emphasizes the impact of the technology on commerce and marketing. Search by vertical
industry (automotive, banking, consumer products, media, healthcare, retail).
Comprehensive views of industry trends & forecasts. You can get alerts emailed to you
when new research is published.
 Global Market Information Database (Euromonitor International) - Full-text database of
market research reports with over a million demographic, economic and marketing
statistics for 205 countries worldwide. Includes 6-year historic market size data for more
than 330 consumer products in 52 countries, plus 5-year forecasts and company profiles
as well as market share information. Coverage: 1977 to present, forecasts to 2016,
updates are irregular.
Business & Company Resource Center provides Industry ranking, Products and brands,
Investment reports, Industry statistics, Consumer marketing data, Emerging technology
reports, and Industry newsletter news and analysis
Sports Business Research Network: SBRnet - Full-text database focusing on the sporting
goods and sports marketing industry. Provides market research and industry news on all
aspects of the industry including sports equipment sales, sports participation, sports
broadcasting, sports sponsorship and sports marketing. Coverage: 1996 to the present,
updated daily.

Web-based, free/public services via the Internet

Forrester Research - an independent research firm. Industries include Automotive,
Consumer Devices & Services, Consumer Packaged Goods, Content Management,
Customer Relationship Management, Enterprise Applications, Financial Services,
Healthcare, IT Security, IT Spending, Infrastructure, Integration & Web Services,
Manufacturing & B2B, Marketing, Media & Entertainment, Portals & Site Technology,
Product Life-Cycle Management, Retail, Services & Outsourcing, Supply Chain,
Telecom & Networks, Travel, User Experience. Although this site sells most of its
research, there are many free reports here that are quite good. http://www.forrester.com/
VirtualPet.com provides a how-to guide to learn about a specific industry or company.
http://www.virtualpet.com/industry/howto/search.htm
Yahoo! Finance has a specific area dedicated to industry analysis and research.
http://biz.yahoo.com/ic/

B. Industry Overviews/ Trends

Industry overviews and trends are oftentimes best found in analysts' reports (section
III.A.). However, there are services that provide statistical data (for you to interpret), and
that also provide analysis of statistical trends, demographics, etc.

Subscription-based services via the Internet (through the Business School Library)

Global Market Information Database (Euromonitor International) is a full-text database

of market research reports on consumer markets around the globe, with profiles of major
markets and consumer goods companies and demographic, economic and marketing
statistics. Reports include 6-year historic market size data for consumer products
worldwide, plus 5-year forecasts. Coverage: 1977 to present, forecasts to 2016

Web-based, free/public services via the Internet

 Yahoo! Finance has a specific area dedicated to industry analysis and research.
http://biz.yahoo.com/ic/
C. Portfolio Tracking

Yahoo! Finance has a specific area dedicated to industry analysis and research.
http://biz.yahoo.com/ic/

Portfolio tracking engines can be downloaded free of charge. These engines track stock in
a portfolio, calculate some measures for the portfolio and retrieve current information and
news on stocks.

Web-based, free/public services via the Internet

NASDAQ Portfolio Tracker http://www.nasdaq.com/asp/portfoliojava.asp

MSN.com MSN Investor Software http://moneycentral.msn.com/investor/home.asp
Zacks http://www.zacks.com/?ALERT=my.zacks.com
eMasterTrade http://www.e-mastertrade.com/en/main/investor_portfolio/default.asp
Briefing.com (free trial) http://www.briefing.com/
Moneychimp modern portfolio theory http://www.moneychimp.com/articles/risk/
Quant View historical performance of various portfolios and benchmarks
http://www.quantview.com/

D. SIC Codes

Standard Industrial Classification (SIC) is a code system that designates a unique

business activity classified by industry. Recently, the North American Industry
Classification System (NAICS) has replaced the U.S. Standard Industrial Classification
(SIC) system. NAICS was developed jointly by the U.S., Canada, and Mexico to provide
new comparability in statistics about business activity across North America. Many
companies, however, still use SIC codes; and practically speaking, SIC codes are still
preferred on Wall Street. If you know the SIC code of a specific industry, and would like
its correlated NAICS code, you can go to the Columbia Business School Library where
you will find a manual with the changes, or you can search online at
http://www.census.gov/epcd/www/naicstab.htm SIC codes are useful for company
comparison within a stated industry.

Web-based, free/public services via the Internet: SIC Codes

Melissa DATA lookup SIC codes by entering 2 to 6 digits of the SIC code or an industry
description http://www.melissadata.com/Lookups/sic.asp
Logistics World has a directory of industries, NAICS / SIC Codes Lookup and
Conversion Table http://www.logisticsworld.com/sic.asp

E. Company Comparison Tools

 Compare two or more firms on designated criteria Subscription-based services via the
Internet (through the Business School Library)

OSIRIS is a comprehensive database of listed corporations, banks and insurance

companies around the world. In addition to the income statement, balance sheet, cash
flow and ratios it contains news, ownership, ratings, earnings estimates and stock data.
Covers over 120 countries, includes 25,000 publicly listed corporations (10,000 US and
15,000 non US) 1,500 banks, and 350 insurance companies. Comps are downloadable
into Excel.
Standard & Poor's Market Insight - Contains three years of compensation history for
directors and current compensation for executives for companies within the S&P 1500.
Provides comparable analyses that are downloadable in Excel.

IV. Historical Data

A. Indices & Returns

These sites give the histories for a number of price and return indices for stocks and
bonds, including indices for non-US stocks

Subscription-based services via the Internet (through the Business School Library)

Datastream (Business Electronic Services) - Large database of statistical time series

covering stocks, bonds, commodities and economic data for numerous countries, along
with company profiles. See the notebook at the workstation for instructions. Coverage
varies by dataset. NOTE: Datastream is only available in the Business and Economics
Library (use the signup notebook at the workstation to reserve a time slot) and the
Electronic Data Service Lab in Lehman Library. DSDDE - Datastream via Excel user
guide (in MS Word)

Web-based, free/public services via the Internet

Global Financial Data Link to the Trial Access page. http://www.globalfindata.com/

Barra Equity Indexes Link to Research+ Indices page. You will be able to chart a
number of indices and P/E, P/B, P/S multiples and accounting ratios for the indices.
http://www.barra.com/research/
S&P Global Indices http://www.spglobal.com/
Dow Jones Indexes http://www.djindexes.com/
ClearStation offers information on major indexes http://clearstation.etrade.com/cgi-
bin/diary?Section=redge&Refer=/redge.html

B. Archival Searches & Press Reports

For historical news and press releases, one can usually go to the company website, as an
archive of relevant press releases is typically available. However, here are some
additional resources for historical news items.
 Subscription-based services via the Internet (through the Business School Library)

ProQuest Direct - An interdisciplinary database covering more than 2,000 professional,

scholarly, trade and general interest periodicals, including full-text for over a thousand
titles and indexing/abstracts for the others. The database also covers 27 primary and
secondary US newspapers (including a 90-day rolling file of The New York Times), 11 of
which are in full-text. ProQuest Direct represents titles found in ABI-INFORM (Global
Edition), Periodicals Abstracts (Research II Edition), and Newspaper Abstracts.
Coverage: varies ; Updates: Daily.
ABI/INFORM (ProQuest Direct) - Periodical database specializing in business literature,
complete articles from hundreds of local and regional publications that chronicle the day-
to-day operations of thousands of U.S. and Canadian companies. Important business
trends and events as well as regional market and economic conditions also receive
considerable coverage. Coverage dates from 1985 present
Factiva - Full-text database providing timely and detailed facts, figures and analyses of
companies, industries and financial markets. Includes industry and trade publications,
news sources, and company and market data. Coverage varies by source.
LexisNexis Academic - An interdisciplinary, Full-text database of over 18,000 sources
including newspapers, journals, wire services, newsletters, SEC filings and international
company reports, case law, government documents, transcripts of broadcasts, and
selected reference works.

Web-based, free/public services via the Internet

Business Week Online has an archive that dates back to 1995.

http://www.businessweek.com/
The Economist - Searchable archive of headlines and issue dates for articles from 1995-
accessible with registration. Current issue available for free on the site.
http://www.economist.com/
Red Herring Online Includes an archive of past issues to 1993.
http://www.redherring.com/
Lexis-Nexis Search The public site is not free, although you can look up headlines for
free. Better to use the Business School Library link for a more complete list of news.
http://www.lexisnexis.com/
Excite Search has an archive. http://www.excite.com/

V. Financial Reporting Policy

A. Accounting Standards, Regulators, Government Agencies, Organizations &

Resources

Accounting standards are outlined and continuously updated on various sites, especially
reference the FASB (Financial Accounting Standards Board) and IASC (International
Accounting Standards Board). The laws and regulations are outlined on various
governmental websites (for a complete listing of a specific federal/state/local question, it
is best to search www.usa.gov). Accounting Resources can be found on various websites
 Subscription-based services via the Internet (through Library)

ProQuest Direct Accounting & Tax with Standards (Electronic Resources in the
Business and Economics Library) - Original Pronouncements - FASB and AICPA
pronouncements (including totally superseded pronouncements): FASB Statements,
Interpretations, Technical Bulletins, and Concepts Statements; ARBs 43-51; APB
Opinions and Statements; and AICPA Accounting Interpretations and Terminology
Bulletins. Current Text - Integration of financial accounting and reporting standards
arranged by topic. Contains General Standards, Industry Standards, and Current Text
sections that have been totally superseded but are still applicable due to a delayed
effective date. EITF Abstracts - Full text of each abstract for every issue discussed by the
FASB's Emerging Issues Task Force since its inception in 1984. Also includes EITF
topical index. Implementation Guides - Q&As from FASB Special Reports and other
published implementation guidance. Comprehensive Topical Index - References linked to
appropriate sections in the above infobases. http://proquest.umi.com/pqdweb?
RQT=302&COPT=REJTPTRhNjEmSU5UPTAmVkVSPTI=&clientId=15403&cfc=1

Web-based, free/public services via the Internet

FASB (Financial Accounting Standards Board) - Includes text of statements, exposure
drafts, and news releases. http://www.fasb.org/
US Securities and Exchange Commissions (SEC) laws and regulations detailed.
http://www.sec.gov/
International Accounting Standards Board (IASC) - http://www.iasb.org
Accounting Web University of Rutgers accounting department has a valuable site with
relevant links. http://accounting.rutgers.edu/
International Federation of Accountants - This site links to standards, publications, and
organizational information. http://www.ifac.org/
SmartPros Accounting Page - This is a comprehensive source of accounting information
on the Internet. http://accounting.smartpros.com/
Internal Revenue Service - Information on this government agency, as well as statistics
(to come) and tax regulations (new and proposed). http://www.irs.gov/
AICPA Corporate Finance Insider - covers financial management and corporate
compliance issues.
http://www.cpa2biz.com/content/media/PRODUCER_CONTENT/generic_template_cont
ent/Newsletters/CorpFin_Insider.jsp
CFO Direct PriceWaterhouseCoopers website that deals with financial accounting
standards, issues, changes, etc. http://www.cfodirect.com/
CFA Institute Certified Financial Analyst organization website that offers financial
statement analysis publications and reports http://www.cfainstitute.org
Public Company Accounting Oversight Board (PCAOB) - is a private-sector, non-profit
corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public
companies in order to protect the interests of investors and further the public interest in
the preparation of informative, fair, and independent audit reports.
http://www.pcaobus.org/
Governmental Accounting Standards Board (GASB) state and local governmental
accounting standards. http://www.gasb.org/
 American Accounting Association (AAA) http://www.aaahq.org/
American Institute of Certified Public Accountants (AICPA)
http://www.aicpa.org/index.htm
Association of Certified Fraud Examiners (ACFE) http://www.acfe.com/
Institute of Internal Auditors (IIA) http://www.theiia.org/
Institute of Management Accountants (IMA) http://www.imanet.org/
National Association of State Boards of Accountancy (NASBA) http://www.nasba.org

VI. Research Tools

A. Financial Glossaries

Financial Glossaries are useful if you are unfamiliar with a term, or would like additional
insight of an obscure idea

Web-based, free/public services via the Internet

Duke University's Financial Glossary

http://www.duke.edu/~charvey/Classes/wpg/glossary.htm or
http://biz.yahoo.com/glossary/g.html
Yahoo! Financial Glossary http://biz.yahoo.com/f/g/g.html
Stocks Quest http://stocksquest.coe.uga.edu/C001759/guide/glossary.htm
Global Investor http://www.finance-glossary.com/pages/home.htm
Oasis/ Barkley's Financial Glossary http://www.oasismanagement.com/glossary/
Moneychimp Glossary http://www.moneychimp.com/glossary/
Investopedia http://www.investopedia.com
Value Based Management offers management models, methods and theories
http://www.valuebasedmanagement.net/
Investment Performance, Analytics, and Risk http://www.jpmorgan.com/cm/BlobServer?
blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1158506501556&bl
obheader=application%2Fpdf&blobheadername1=Content-
disposition&blobheadervalue1=attachment;filename=Glossary%20of
%20Performance.pdf

B. Stock Screening Engines

Hoovers http://www.hoovers.com/free/

Yahoo! http://screen.yahoo.com/stocks.html

Reuters http://www.investor.reuters.com/nscreen/results.asp (open a free account)

Morningstar Stock Screener http://www.morningstar.com Go to Tools.

MSN Money http://moneycentral.msn.com/investor/research/welcome.asp

 Stocks Quest http://stocksquest.coe.uga.edu/C001759/world/world.htm

C. Charting Engines

Big Charts http://www.bigcharts.com

Technical Analysis Site http://www.technicalanalysissite.com/

Stock Technical Analysis http://www.stockta.com/