4Barch Lev.Industry Averages as Targets for Financial Ratios[J].Journal of Accounting Research,1969,Autumn,P290-299.
5Benjamin F King.Market and Industry Factors in Stock Price Behavior[J].Journal of Business,1966,39(1),P139-190.
6Miles Livingston.Industry Movements of Common Stocks[J].Journal of Finance,1977,32(3):861-874.
7Stephen L Meyers.A Re-Examination of Market and Industry Factor in Stock Price Behavior[J].Journal of Finance,1973,28(3),P695-705.
8Stan B , Connor G, Curds R. National versus global influences one quityreturns. Financial Analysts Journal,1996,52(2):31-39.
9Griffin J M, Karolyri G A. Another look at the role the industrial structure of markets for international diversified strategies. Journal of Financial Economics, 1998,50 (3) : 351-373.
10Baca S P , Garbe B L , Weiss R A. The rise of sector effects in major equity Markets. Financial Analysts Journal,2000,52(4) : 34-40.