Nikkei's Corporate Ranking: Focusing the Characteristics of NICES

Abstract

Purpose of this paper is to clarify the characteristics of NICES(corporate ranking of Nihon Keizai Shimbun). I investigated the characteristics by comparing with CASMA and PRISM, which are predecessor of the NICES. As a result, I confirmed that Nices evaluate using qualitative information as well as quantitative information, and Nices is ranking of over all industries including the financial sector. These are as same as characteristics of PRISM. Nices are not using a multivariate analysis technique. And Nices is a well-balanced company ranking, and a five axis are well-balanced contribution. On the other hand, PRISM and CASMA, had been pointed out that there is a bias in the evaluation axis. On these points, NIces is different from CASMA and PRISM.