This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

This paper develops a unified framework to synthesize the growing stream of positive
research on the role of individual decision makers in shaping observed accounting …

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 …

Abstract Information, which can arrive in multiple forms, is a fundamental component of all
financial transactions and markets. We define hard and soft information and describe the …

We develop a deep learning model to detect emotions embedded in press conferences after
the Federal Open Market Committee meetings and examine the influence of the detected …

Relative to quantitative methods traditionally used in accounting and finance, textual
analysis is substantially less precise. Thus, understanding the art is of equal importance to …

Growing AI readership (proxied for by machine downloads and ownership by AI-equipped
investors) motivates firms to prepare filings friendlier to machine processing and to mitigate …

Big data is revolutionizing the finance industry and has the potential to significantly shape
future research in finance. This special issue contains papers following the 2019 NBER-RFS …

Big Data will have increasingly important implications for accounting, even as new types of
data become accessible. The video, audio, and textual information made available via Big …

We examine firm value and performance implications of the growing trend of nontechnology
companies engaging in activities relating to digital technologies. We measure digital …