We construct new technology indicators using textual analysis of patent documents and occupation task descriptions that span almost two centuries (1850-2010). At the industry level, improvements in technology are associated with higher labor productivity but a decline in the labor share....

Much of the research in law and finance reduces long, complex texts down to a small number of variables. Examples include the coding of corporate charters as an entrenchment index or characterizing dense securities complaints by using variables that capture the amount at issue, the statutes...

In this paper, we introduce a framework that simplifies the process of finding information about a city. This is helpful when people are looking for information on various cities before planning a trip. As visiting various online portals and collecting information is a time consuming and tedious...

Prior research examining the impact of corporate social responsibility (CSR) on stakeholders has largely focused on studying the insurance like effect of CSR outlays and the resulting effect on stock returns, thereby emphasizing the implications for shareholders. Our study examines the following...

The user generated content on the web grows rapidly in this emergent information age. The evolutionary changes in technology make use of such information to capture only the user’s essence and finally the useful information are exposed to information seekers. Most of the existing research on...

Investors read news from social and news media to make financial decisions. I used a mixture of distributions model on Thomson Reuters textual indices for these sources to build a monthly ambiguity proxy. This ambiguity proxy reflects disagreement and the monthly information uncertainty of the...

In this article we apply text mining techniques to analyse the TCFD recommendations on climate-related disclosures of the 12 significant Spanish financial institutions using publicly available corporate reports from 2014 until 2019.In our analysis, applying our domain knowledge, first we create...