How to Talk When a Machine Is Listening: Corporate Disclosure in the Age of AI

Abstract 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 linguistic tones that are unfavorably perceived by algorithms. Loughran and McDonald (2011) and BERT available...

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Veröffentlicht in:The Review of financial studies 2023-09, Vol.36 (9), p.3603-3642
Hauptverfasser: Cao, Sean, Jiang, Wei, Yang, Baozhong, Zhang, Alan L
Format: Artikel
Sprache:eng
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