- Center for Research in Security Prices
The Center for Research in Security Prices (CRSP) is a provider of
historical stock market data. The Center is a part of the Graduate School of Business at theUniversity of Chicago . CRSP maintains some of the largest and most comprehensiveproprietary historicaldatabase s in stock market research. Academic researchers and investment professionals rely on CRSP for accurate,survivor bias -free information which provides a foundation for their research and analyses. As of 2006, CRSP claims almost 500 clients.CRSP was founded in 1960 by
James H. Lorie (professor of finance and diretor of research) andLawrence Fisher (assistant professor of finance) of the University of Chicago, with a grant from Merrill Lynch, Pierce, Fenner & Smith. Its goal was to provide a source of accurate and comprehensive data that could be used to answer basic questions about the behavior of stock markets. The first effort of the Center was the production of a database consisting of monthly stock prices on theNew York Stock Exchange for all common stocks from 1926 to 1962. Dividends,shares outstanding , capital changes, and delisting information was also included. Taken together, this data made possible the first comprehensive study of the rates of return on common stocks [Fisher & Lorie, "Rates of Return on Investments in Common Stocks"] . Since then the database has been kept up to date to the present day, daily data has been expanded back to 1926, and other exchanges and financial instruments have been added. CRSP's flagship databases include:
* Common stocks on theNYSE from 1926, AMEX from 1962, andNASDAQ from 1972
* CRSP Indices
* NASDAQ andS&P 500 Composite Indices
* NASDAQ and AMEX Industry Indices
* USTreasury bonds
* Survivor bias-freemutual funds
*Market capitalization reports;
* Proxy graphs for 10-K SEC filings
* Other custom datasetsIn partnership withCompustat , CRSP provides the CRSP/Compustat Merged Database, and in partnership with the Ziman School of Real Estate at UCLA's Anderson School of Business, the CRSP/ZimanREIT Data Series.Notes
References
* cite journal
last = Clark
first = William
title = U. of C. Putting Stock Data Under Analysis
journal = Chicago Daily Tribune
pages = E4
date =1962-06-13 * cite journal
last = Clark
first = William
title = Vast Stock Analysis a Tale of Many Woes
journal = Chicago Daily Tribune
pages = B6
date =1962-06-14 * cite journal
title = Center to Analyze Stock Movements
journal = The New York Times
pages = 23
date =1960-08-12 * cite journal
last = Fisher
first = L.
coauthors = Lorie, J. H.
title = Rates of Return on Investments in Common Stocks
journal = The Journal of Business of the University of Chicago
volume = 37
issue = 1
pages = 1–21
date = January 1964External links
* [http://www.crsp.chicagogsb.edu/index.html CRSP home page]
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