Our society is in the midst of an explosion of data: ‘there was 5 exabytes of information created between the dawn of civilization through 2003, but that much information is now created every 2 days, and the pace is increasing’. In 2014, there were 2.4 billion internet users. That number...

Effective central bank communication is useful for anchoring market expectations and enhancing macroeconomic stability. In this paper, the communication strategy of the Bank of Ghana (BOG) is analysed using BOG's monetary policy committee press releases for the period 2018-2019. Specifically, we...

Textual analysis, implemented at scale, has become an important addition to the methodological toolbox of finance. In this paper, given the proliferation of papers now using this method, we first provide an updated review of the literature while focusing on a few broad topics—social media,...

For the past 30 years, local governments (LGs) in the European Union (EU) and other countries have sought to improve their reporting, and accounting standards setters and researchers have focused on LG reporting. This study aims to synthesize accounting research for LG reporting, which is...

Topic modeling methods such as Latent Dirichlet Allocation (LDA) are powerful tools for analyzing massive amounts of textual data. They have been extensively used in information systems and management research to identify latent topics for data exploration and as a feature-engineering mechanism...

We introduce and apply machine transfer learning methods to analyze accounting disclosures. We use the examples of the new BERT language model and sentiment analysis of quarterly earnings disclosures to demonstrate the key transfer learning concepts of: (i) pre-training on generic “Big...

This paper employs text-mining techniques to analyse the communication strategy of the Central Bank of Nigeria (CBN) during the period 2004-2019. Since the policy communique released after each meeting of the CBN's monetary policy committee (MPC) represents an important tool of central bank...