This paper reviews research that uses big data and/or machine learning methods to provide
insight relevant for equity valuation. Given the huge volume of research in this area, the …

We identify analysts' information acquisition patterns by linking EDGAR (Electronic Data
Gathering, Analysis, and Retrieval) server activity to analysts' brokerage houses. Analysts …

This study examines the impact of SEC comment letters on future financial reporting
outcomes and earnings credibility. Naïve Bayesian classification identifies comment letters …

ABSTRACT I study the effect of the implementation of the SEC's EDGAR system on
information asymmetry among investors. The SEC adopted EDGAR to decrease acquisition …

The economic role of an accounting regime is to increase welfare through its effects—in
conjunction with complementary institutions—on firm and household behavior. I review three …

Abstract Information gathering is an instinctive response to uncertainty, but such efforts may
not fully resolve the uncertainty that prompted them. This implies that proxies for investor …

Hedge funds actively acquire publicly available financial disclosures. Funds acquiring such
information subsequently earn 1.5% higher annualized abnormal returns than nonacquirers …

Using a novel dataset containing investors' access of company filings through the SEC's
EDGAR system, we show that the abnormal number of IPs searching for firms' financial …

This study introduces a new measure of ex ante litigation risk using scrutiny of SEC filings by
the source of securities litigation (plaintiffs' lawyers) to reduce measurement error, relative to …

This study investigates individual investors' responses to institutional investors' information
acquisition activities. We examine the association between institutional investors' site visits …