Not shorting banks is clear but last time there was confusion regarding "financial companies" classification, same again.
This can happen when a functional approach to financial innovation classification is adopted (Finnetry, 2001; Llewellyn, 1992; Merton, 1992; Merton, 1995a; Tufano, 2003).
Double-entry bookkeeping and the preparation of financial statements are classification activities of accounting practice.
Identifying each of these entities makes it possible to gather data on their attributes, such as their financial characteristics, their industrial classifications (i.e., their SIC or NAICS codes), the composition of their top management teams and boards of directors, their coverage by securities analysts (for publicly-traded companies), and the like.
On the other hand, they provide solutions to a broad range of specific problems in applied engineering, such as speech recognition, financial forecasting, or object classification.
Another issue with the classification of financial innovations is the decision to include those innovations that are not per se the end of financial markets in the sense that they are not the final product to be sold and exchanged.
These general notions of innovation have influenced the classification of financial innovation as most researchers (Llewellyn, 1992; Sibler 1975; White, 1997; Tufano, 2003; Mishra, 2008; Gubler, 2011; Lerner and Tufano, 2011) accept the definition of financial innovation as the creation and the popularization of new financial products, processes, markets, and institutions.
Much health sector reform was to strengthen and rationalise budgeting, financial control and staff classification, but in some cases control over health sector staffing has remained at national level [ 19].
This approach was associated with high interobserver agreement regarding the classifications of authors' financial conflicts of interest and expressed views and recommendations.
Furthermore, the findings rely exclusively on the pertinence and reproducibility of the classifications of the financial conflicts of interest and the positions articulated by the authors.
