This article describes the growing field of financial technology (fintech) and the different
financial paradigms and technologies that support it. Fintech is primarily a disintermediation …

We develop a classification methodology for the context and content of news articles to
predict risk and return in stock markets in 51 developed and emerging economies. A …

Stock price crash risk represents a considerable concern due to its potential for extreme
volatility and crisis contagion within the stock market, attracting substantial interest from both …

The speed of stock price reaction to news exhibits substantial time variation. Higher risk-
bearing capacity of financial intermediaries, lower passive ownership of stocks, and more …

We analyze over 2.6 million news articles and propose a novel measure of aggregate joint
news coverage of firms. The measure strongly and negatively predicts market returns, both …

This article focuses on the interaction between media and asset prices and explores the
potential mechanisms that drive stock market reaction to news media. The authors find that …

To predict firms' fundamentals, the authors construct three proxies for real-time corporate
sales from fully distinct information sources: In-store foot traffic (IN-STORE), web traffic to …

We distinguish textual tone—the balance of positive and negative words—with emotional
versus factual content and posit that media tone only with emotional content represents …

It is almost a Folk theorem that foreign investors exert a positive effect on local markets in
terms of higher liquidity, and better informational efficiency. The underlying assumption is …