17 hasil
Menampilkan 1–17 · 0,15 detik · RSS
Journal of Financial Economics
Scopus
ISSN 0304-405X · Elsevier BV · 17 artikel di indeks
-
Artikel Jurnal Teks lengkap
Can ChatGPT forecast stock price movements? Return predictability and large language models
-
Artikel Jurnal
Temperature shocks and industry earnings news
Climate scientists project rising average temperatures and increasing frequency of temperature extremes. We study how extreme temperatures affect corporate profitability across different industries and whether sell-side analysts understand these relationships. We combine granular daily data on…
-
Artikel Jurnal
Artificial intelligence, firm growth, and product innovation
We study the use and economic impact of AI technologies. We propose a new measure of firm-level AI investments using employee resumes. Our measure reveals a stark increase in AI investments across sectors. AI-investing firms experience higher growth in sales, employment, and market valuations. This…
-
Artikel Jurnal Teks lengkap
Corporate culture: Evidence from the field
Ninety-two percent of the 1348 North American executives we survey believe that improving corporate culture would increase firm value. A striking 84% believe their company needs to improve its culture. But how can that be achieved? Our paper provides some guidance by documenting the following…
-
Artikel Jurnal Teks lengkap
How much should we trust staggered difference-in-differences estimates?
We explain when and how staggered difference-in-differences regression estimators, commonly applied to assess the impact of policy changes, are biased. These biases are likely to be relevant for a large portion of research settings in finance, accounting, and law that rely on staggered treatment…
-
Artikel Jurnal Teks lengkap
Consumer-lending discrimination in the FinTech Era
U.S. fair-lending law prohibits lenders from making credit determinations that disparately affect minority borrowers if those determinations are based on characteristics unrelated to creditworthiness. Using an identification under this rule, we show risk-equivalent Latinx/Black borrowers pay…
-
Artikel Jurnal Teks lengkap
Machine learning in the Chinese stock market
We add to the emerging literature on empirical asset pricing in the Chinese stock market by building and analyzing a comprehensive set of return prediction factors using various machine learning algorithms. Contrasting previous studies for the US market, liquidity emerges as the most important…
-
Artikel Jurnal Teks lengkap
When the local newspaper leaves town: The effects of local newspaper closures on corporate misconduct
-
Artikel Jurnal Teks lengkap
Responsible investing: The ESG-efficient frontier
We propose a theory in which each stock's environmental, social, and governance (ESG) score plays two roles: (1) providing information about firm fundamentals and (2) affecting investor preferences. The solution to the investor's portfolio problem is characterized by an ESG-efficient frontier…
-
Artikel Jurnal Teks lengkap
Risk management, firm reputation, and the impact of successful cyberattacks on target firms