Option‐Implied Ambiguity and Equity Return Predictability

Y Liu, C Liu, Y Chen, X Sun - Journal of Futures Markets, 2024 - Wiley Online Library
We propose a model‐guided option‐implied ambiguity measure to capture uncertainty
regarding the return distribution of a risky asset underlying a set of options, and investigate …

Semantics matter: An empirical study on economic policy uncertainty index

CC Chen, YL Huang, F Yang - International Review of Economics & …, 2024 - Elsevier
When dealing with textual data, previous studies mainly used a keyword-based matching
method to construct indices. The economic policy uncertainty (EPU) index proposed by …

Sentiment-semantic word vectors: A new method to estimate management sentiment

TM Phan - Swiss Journal of Economics and Statistics, 2024 - Springer
This paper introduces a novel method to extract the sentiment embedded in the
Management's Discussion and Analysis (MD &A) section of 10-K filings. The proposed …

Emoji Driven Crypto Assets Market Reactions

X Zuo, YT Chen, WK Härdle - arxiv preprint arxiv:2402.10481, 2024 - arxiv.org
In the burgeoning realm of cryptocurrency, social media platforms like Twitter have become
pivotal in influencing market trends and investor sentiments. In our study, we leverage GPT …

LongFinBERT: A Language Model for Very Long Financial Documents

MT Phan, E Senn - Available at SSRN 5011898, 2024 - papers.ssrn.com
This paper introduces LongFinBERT, a modern language model specialized for very long
financial documents. LongFinBERT shows remarkable efficiency, requiring significantly less …

Emoji-Driven Sentiments in Cryptocurrency Markets: Integrating Visual and Textual Contexts

X ZUO, YT CHEN, WK Härdle - Available at SSRN, 2024 - papers.ssrn.com
In the burgeoning realm of cryptocurrency, social media platforms like Twitter have become
pivotal in influencing market trends and investor sentiments. In our study, we leverage GPT …

[BOOK][B] A Topic Model for 10-K Management Disclosures

M Fengler, TM Phan - 2023 - ux-tauri.unisg.ch
We investigate the topics discussed in the Management's Discussion and Analysis (MD&A)
section of 10-K filings from January 1994 to December 2018. In our modeling approach, we …

Unveiling Themes in 10-K Disclosures: A New Topic Modeling Perspective

MR Fengler, MT Phan - Available at SSRN 4994935, 2024 - papers.ssrn.com
We investigate the topics in the Management's Discussion and Analysis (MD&A) section of
10-K filings. Our approach extracts MD&A topics by clustering words around anchor words …

News-Driven Uncertainty and Volatility Feedback

A Agarwal, J Baruník, CYH Chen - Available at SSRN 4583073, 2023 - papers.ssrn.com
This paper presents a two-factor model of asset returns that depends on uncertainty and
volatility. To infer the uncertainty from news data, we propose a machine learning …

[PDF][PDF] LongFinBERT: A Language Model for Long Financial Documents

TM Phana, EJ Senna - alexandria.unisg.ch
This paper introduces LongFinBERT, a modern language model specialized for processing
long financial documents. Due to an adaptation in model architecture, LongFin-BERT …