Hey guys,
I have a list of firms, for which I want to figure out the amount of business segments at a specific point in time. I found the Compustat business segment file, but I couldn’t find any specific function/variable that counts the segments.
Do I have to define a business segment on my own? For example, one business segment = at least 10% of the combined sales or assets of the company?
Another idea I had: Would it make sense to assume that the number of different SIC codes equals the number of different business segments?
Thanks