Standard Industrial Classification

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Standard Industrial Classification (SIC)

A code system that designates a unique business activity classified by industry.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Standard Industrial Classification

A system of four digit codes used in business to classify the industry to which a company belongs. The SIC was created by the U.S. government in 1937 to facilitate communication within and between businesses and industries. For the most part, the SIC was replaced by the six digit NAICS in 1997, but the SEC still uses the SIC. For example, an oil and gas exploration company might file with the SEC under the code 1382.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Standard Industrial Classification (SIC)

a system which codifies and measures groups of economic activity at various levels of aggregation and disaggregation. In the UK, the Standard Industrial Classification comprises 10 major divisions, 60 classes, 222 groups and 334 activities. Activities, or their equivalent ‘industries’ (see INDUSTRY), are derived on the basis of their supply characteristics, in particular the use of common raw materials and processes of manufacture. Such a classification provides a useful source of information on industry structure and statistical details of employment, output and investment by the industrial sector. However, for purposes of MARKETING strategy, SIC data usually needs to be reinterpreted in order to provide more meaningful specifications of MARKETS, defined in terms of groups of products which are regarded by buyers as close substitute products. To illustrate, glass jars and metal cans are assigned to different industries by the SIC (Division 2, Activity ‘glass containers’, Division 3 ‘packaging products of metal’, respectively), but would be regarded by a user of packaging materials such as a coffee manufacturer as substitute products. See STRUCTURE OF INDUSTRY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

standard industrial classification

see INDUSTRIAL CLASSIFICATION.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Customers can visit our SIC code lookup page and search for the codes specific to the industry of their interest, and the rest is taken care of by us.
The match rates differed for each category (SIC code, employee size, annual sales volume, and business status) under investigation and are articulated throughout the results section.
B2B Lists focuses on 9 business lists only: Agriculture, Forestry & Fishing companies business list (sic codes 01-09), Mining companies business list (sic codes 10-14), Construction company's business list (sic codes 15-17), Transportation, Communication, Electric, Gas & Sanitary Services business list (sic codes 40-49), Manufacturing companies business list (sic codes 20-39), Wholesale Trade business list (sic codes 50-59), Finance, Insurance & Real Estate company lists (sic codes 60-67), Service companies & Business Service companies business list (sic code 70-89) and Public Administration & Government business lists (sic code 90-99).
Occupational Safety and Health Administration (OSHA) formally posted a new nationwide inspection program for primary metals industries, which impacts industries that fall under SIC Code 33, including all metalcasting facilities.
Full-text search capabilities allow users to research and track corporate information by ticker symbol, company name, industry type, SIC code, financial form type, or specific industry keywords contained within the filings themselves.
Users can search and track corporate information by ticker symbol, company name, industry type, SIC code, financial form type, or specific industry keywords.
In spite of the fact that the measures of vertical integration are measured based on number of SIC codes, their correlations with the total number of SIC code measure of diversification are still less than 0.5.
The added firms must also have valid data for SIC code, stock price, and number of outstanding shares.
The SIC code search resulted in a variety of codes that identified virtually all U.S.
The Site To Do Business uses the SIC codes. Don't worry if you don't know the SIC code for the particular business you are looking for.
Furthermore, a comparison of auction IPOs with traditional IPOs issued in the same year and in the same three-digit SIC code suggests that 44 percent of the auction IPOs have greater first day price surges than their traditional counterparts.
"If the file is b-to-b and sophisticated enough, that information would also include something pertaining to the SIC code of the industry they work in.