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 …

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 …

We find evidence of selective exposure to confirmatory information among 400,000 users on
the investor social network StockTwits. Self-described bulls are five times more likely to …

After the visions of Industry 5.0 and Society 5.0 were presented, a proliferation of artificial
intelligence technologies have been applied to the financial field because AI develops fast …

We build a comprehensive new dataset spanning listed and private nonfinancial zombie
firms across Advanced Economies and Emerging Markets over the past two decades. Our …

We use the introduction of satellite coverage of major retailers to study the capital market
implications of unequal access to big data. Satellite data enabled sophisticated investors …

Policymakers fear artificial intelligence (AI) will disrupt labor markets, especially for high-
skilled workers. We investigate this concern using novel, task-specific data for security …

Complex interactions between two opposing agents frequently occur in domains of machine
learning, game theory, and other application domains. Quantitatively analyzing the …

Analyst forecasts outperform econometric forecasts in the short run but underperform in the
long run. We decompose these differences in forecasting accuracy into analysts' information …

This paper examines how social media informs corporate decisions by studying withdrawals
of announced mergers. A merger is 0.64 percentage points (16.6% of the average) more …