Research summary Digital transformation is a dominant theme in the global economy, but
what it means for established companies remains perplexing for both academics and …

The rapid digital transformation of contemporary societies has produced a collision of
relationships between government institutions, private companies and the rules of public …

An AI analyst trained to digest corporate disclosures, industry trends, and macroeconomic
indicators surpasses most analysts in stock return predictions. Nevertheless, humans win …

The intersection of finance and technology, known as fintech, has resulted in the dramatic
growth of innovations and has changed the entire financial landscape. While fintech has a …

Big data is revolutionizing the finance industry and has the potential to significantly shape
future research in finance. This special issue contains papers following the 2019 NBER-RFS …

We compare the ability of dictionary-based and machine-learning methods to capture
disclosure sentiment at 10-K filing and conference-call dates. Like Loughran and McDonald …

Financial markets have a central role in allocating resources in modern economies. One of
the main functions of financial markets is the discovery of information. This information in …

In this study, we explore the susceptibility of financial sentiment analysis to adversarial
attacks that manipulate financial texts. With the rise of AI readership in the financial sector …

Big data and artificial intelligence (AI) have transformed the finance industry by altering the
way data and information are generated, processed, and incorporated into decision-making …

We create a firm-level ChatGPT investment score, based on conference calls, that measures
managers' anticipated changes in capital expenditures. We validate the score with …