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E (exhibits): final build of main.pdf after the exhibit rebuild (84 pages, 0 errors, 0 undefined references, 0 overfull boxes > 5 pt, 0 bibtex warnings)

Co-Authored-By: Claude Fable 5.1 <noreply@anthropic.com>
Simon-Pierre Boucher committed (Nov 5, 2026) parent e80ef39 Browse files

2 changed files +150 −3

modified paper/main.bbl +150 −3
@@ -3,6 +3,33 @@
3 \fi 3 \fi
4 \begin{thebibliography}{xx} 4 \begin{thebibliography}{xx}
5 5
6+\harvarditem[Afzal et al.]{Afzal, Yan, Li and Vasarhelyi}{2026}{afzal2026}
7+{\bf Afzal, Muhammad~Talha, Jinqiu~(Claire) Yan, Huaxia Li, and Miklos
8+ Vasarhelyi}, ``Beyond the bottom line: using generative AI to extract
9+ narrative financial disclosures,'' {\it International Journal of Accounting
10+ Information Systems}, 2026, {\it 57}, 100777.
11+
12+\harvarditem[Bellstam et al.]{Bellstam, Bhagat and Cookson}{2021}{bellstam2021}
13+{\bf Bellstam, Gustaf, Sanjai Bhagat, and J.~Anthony Cookson}, ``A Text-Based
14+ Analysis of Corporate Innovation,'' {\it Management Science}, 2021, {\it 67}
15+ (7), 4004--4031.
16+
17+\harvarditem[Bettencourt et al.]{Bettencourt, Ding and
18+ Giesecke}{2026}{bettencourt2026}
19+{\bf Bettencourt, Nick, Xiaowei Ding, and Kay Giesecke}, ``The {Stanford}
20+ {EDGAR} Filings Dataset: Reconstructing U.S. Corporate and Financial
21+ Disclosures into Layout-Faithful and Token-Efficient Pretraining Data,''
22+ arXiv:2606.18192; also SSRN 7161699 (DOI 10.2139/ssrn.7161699) 2026.
23+
24+\harvarditem[{BlackRock, Inc.}]{{BlackRock, Inc.}}{2026}{iwvholdings2026}
25+{\bf {BlackRock, Inc.}}, ``{iShares} {R}ussell 3000 {ETF} ({IWV}): Fund
26+ holdings file (\texttt{latest-holdings.csv}),''
27+ \url{https://www.ishares.com/us/products/239714/ishares-russell-3000-etf}
28+ 2026.
29+\newblock Holdings as of October 23, 2026, downloaded October 27, 2026; subject
30+ to the iShares website terms of use; the downloaded file is not archived with
31+ the paper.
32+
6 \harvarditem[Christen]{Christen}{2012}{christen2012} 33 \harvarditem[Christen]{Christen}{2012}{christen2012}
7 {\bf Christen, Peter}, {\it Data Matching: Concepts and Techniques for Record 34 {\bf Christen, Peter}, {\it Data Matching: Concepts and Techniques for Record
8 Linkage, Entity Resolution, and Duplicate Detection}, Berlin: Springer, 2012. 35 Linkage, Entity Resolution, and Duplicate Detection}, Berlin: Springer, 2012.
@@ -11,6 +38,26 @@
11 {\bf Cohen, Lauren, Christopher Malloy, and Quoc Nguyen}, ``Lazy Prices,'' {\it 38 {\bf Cohen, Lauren, Christopher Malloy, and Quoc Nguyen}, ``Lazy Prices,'' {\it
12 Journal of Finance}, 2020, {\it 75} (3), 1371--1415. 39 Journal of Finance}, 2020, {\it 75} (3), 1371--1415.
13 40
41+\harvarditem[Crane et al.]{Crane, Green, Harnish, McClennan, Soto, Vrankovich
42+ and Williams}{2024}{crane2024}
43+{\bf Crane, Leland~D., Emily Green, Molly Harnish, Will McClennan, Paul~E.
44+ Soto, Betsy Vrankovich, and Jacob Williams}, ``Tracking Real Time Layoffs
45+ with {SEC} Filings: A Preliminary Investigation,'' Finance and Economics
46+ Discussion Series 2024-020, Board of Governors of the Federal Reserve System
47+ 2024.
48+
49+\harvarditem[de~Kok]{de~Kok}{2025}{dekok2025}
50+{\bf de~Kok, Ties}, ``{ChatGPT} for Textual Analysis? How to Use Generative
51+ {LLMs} in Accounting Research,'' {\it Management Science}, 2025, {\it 71}
52+ (9), 7888--7906.
53+
54+\harvarditem[Dolphin et al.]{Dolphin, Dursun, Blankenship, Adams and
55+ Pike}{2026}{dolphin2026}
56+{\bf Dolphin, Rian, Joe Dursun, Jarrett Blankenship, Katie Adams, and Quinton
57+ Pike}, ``Grounded Event Extraction from {SEC} {8-K} Filings with a
58+ Fine-Grained Taxonomy,'' arXiv:2607.08346; also SSRN 7087858 (DOI
59+ 10.2139/ssrn.7087858) 2026.
60+
14 \harvarditem[Dyer et al.]{Dyer, Lang and Stice-Lawrence}{2017}{dyer2017} 61 \harvarditem[Dyer et al.]{Dyer, Lang and Stice-Lawrence}{2017}{dyer2017}
15 {\bf Dyer, Travis, Mark Lang, and Lorien Stice-Lawrence}, ``The Evolution of 62 {\bf Dyer, Travis, Mark Lang, and Lorien Stice-Lawrence}, ``The Evolution of
16 10-{K} Textual Disclosure: Evidence from {L}atent {D}irichlet {A}llocation,'' 63 10-{K} Textual Disclosure: Evidence from {L}atent {D}irichlet {A}llocation,''
@@ -21,9 +68,17 @@
21 {\it Journal of the American Statistical Association}, 1969, {\it 64} (328), 68 {\it Journal of the American Statistical Association}, 1969, {\it 64} (328),
22 1183--1210. 69 1183--1210.
23 70
24−\harvarditem[{FTSE Russell}]{{FTSE Russell}}{2026}{ftserussell2026} 71+\harvarditem[{FTSE Russell}]{{FTSE
25−{\bf {FTSE Russell}}, ``Russell {US} Equity Indexes: Construction and 72+ Russell}}{2026a}{ftserussell3000factsheet2026}
26− Methodology, v7.2,'' 73+{\bf {FTSE Russell}}, ``Russell 3000 Index Factsheet,''
74+ \url{https://research.ftserussell.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=US3000USD}
75+ 2026.
76+\newblock Index characteristics as of September 30, 2026 (2,996 holdings);
77+ downloaded November 5, 2026.
78+
79+\harvarditem[{FTSE Russell}]{{FTSE Russell}}{2026b}{ftserussell2026}
80+{\bf \bysame{}}, ``Russell {US} Equity Indexes: Construction and Methodology,
81+ v7.2,''
27 \url{https://www.lseg.com/content/dam/ftse-russell/en_us/documents/ground-rules/russell-us-indexes-construction-and-methodology.pdf} 82 \url{https://www.lseg.com/content/dam/ftse-russell/en_us/documents/ground-rules/russell-us-indexes-construction-and-methodology.pdf}
28 August 2026. 83 August 2026.
29 \newblock Document dated August 2026; downloaded November 5, 2026. 84 \newblock Document dated August 2026; downloaded November 5, 2026.
@@ -32,6 +87,18 @@
32 {\bf Gentzkow, Matthew, Bryan Kelly, and Matt Taddy}, ``Text as Data,'' {\it 87 {\bf Gentzkow, Matthew, Bryan Kelly, and Matt Taddy}, ``Text as Data,'' {\it
33 Journal of Economic Literature}, 2019, {\it 57} (3), 535--574. 88 Journal of Economic Literature}, 2019, {\it 57} (3), 535--574.
34 89
90+\harvarditem[Gilardi et al.]{Gilardi, Alizadeh and Kubli}{2023}{gilardi2023}
91+{\bf Gilardi, Fabrizio, Meysam Alizadeh, and Maël Kubli}, ``{ChatGPT}
92+ outperforms crowd workers for text-annotation tasks,'' {\it Proceedings of
93+ the National Academy of Sciences}, 2023, {\it 120} (30), e2305016120.
94+
95+\harvarditem[Greenstone et al.]{Greenstone, Hornbeck and
96+ Moretti}{2010}{greenstone2010}
97+{\bf Greenstone, Michael, Richard Hornbeck, and Enrico Moretti}, ``Identifying
98+ Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant
99+ Openings,'' {\it Journal of Political Economy}, 2010, {\it 118} (3),
100+ 536--598.
101+
35 \harvarditem[Grimmer and Stewart]{Grimmer and Stewart}{2013}{grimmer2013} 102 \harvarditem[Grimmer and Stewart]{Grimmer and Stewart}{2013}{grimmer2013}
36 {\bf Grimmer, Justin and Brandon~M. Stewart}, ``Text as Data: The Promise and 103 {\bf Grimmer, Justin and Brandon~M. Stewart}, ``Text as Data: The Promise and
37 Pitfalls of Automatic Content Analysis Methods for Political Texts,'' {\it 104 Pitfalls of Automatic Content Analysis Methods for Political Texts,'' {\it
@@ -54,6 +121,11 @@
54 Text-Based Analysis,'' {\it Review of Financial Studies}, 2015, {\it 28} (5), 121 Text-Based Analysis,'' {\it Review of Financial Studies}, 2015, {\it 28} (5),
55 1312--1352. 122 1312--1352.
56 123
124+\harvarditem[Jha et al.]{Jha, Qian, Weber and Yang}{2024}{jha2024}
125+{\bf Jha, Manish, Jialin Qian, Michael Weber, and Baozhong Yang}, ``{ChatGPT}
126+ and Corporate Policies,'' NBER Working Paper 32161, National Bureau of
127+ Economic Research 2024.
128+
57 \harvarditem[Kalyani et al.]{Kalyani, Bloom, Carvalho, Hassan, Lerner and 129 \harvarditem[Kalyani et al.]{Kalyani, Bloom, Carvalho, Hassan, Lerner and
58 Tahoun}{2025}{kalyani2025} 130 Tahoun}{2025}{kalyani2025}
59 {\bf Kalyani, Aakash, Nicholas Bloom, Marcela Carvalho, Tarek Hassan, Josh 131 {\bf Kalyani, Aakash, Nicholas Bloom, Marcela Carvalho, Tarek Hassan, Josh
@@ -62,17 +134,36 @@
62 \newblock Published version of NBER Working Paper 28999 (2021, DOI 134 \newblock Published version of NBER Working Paper 28999 (2021, DOI
63 10.3386/w28999). 135 10.3386/w28999).
64 136
137+\harvarditem[Kammoun et al.]{Kammoun, Tandjambianda and
138+ Boucher}{2026}{kammoun2026ai}
139+{\bf Kammoun, Manel, Djerrycharli Tandjambianda, and Simon-Pierre Boucher},
140+ ``Does the Language of Artificial Intelligence Move Markets? {A} Semantic
141+ Analysis of {R}ussell~3000 {SEC} Filings and the Cross-Section of Stock
142+ Returns, 2010--2026,'' UQO Working Paper (FIRC) 0002, Université du Québec
143+ en Outaouais, Département des sciences administratives 2026.
144+\newblock Version 2.0, October 28, 2026.
145+
65 \harvarditem[Kelly et al.]{Kelly, Papanikolaou, Seru and 146 \harvarditem[Kelly et al.]{Kelly, Papanikolaou, Seru and
66 Taddy}{2021}{kelly2021} 147 Taddy}{2021}{kelly2021}
67 {\bf Kelly, Bryan, Dimitris Papanikolaou, Amit Seru, and Matt Taddy}, 148 {\bf Kelly, Bryan, Dimitris Papanikolaou, Amit Seru, and Matt Taddy},
68 ``Measuring Technological Innovation over the Long Run,'' {\it American 149 ``Measuring Technological Innovation over the Long Run,'' {\it American
69 Economic Review: Insights}, 2021, {\it 3} (3), 303--320. 150 Economic Review: Insights}, 2021, {\it 3} (3), 303--320.
70 151
152+\harvarditem[Kim et al.]{Kim, Muhn and Nikolaev}{2023}{kim2023}
153+{\bf Kim, Alex~G., Maximilian Muhn, and Valeri~V. Nikolaev}, ``From Transcripts
154+ to Insights: Uncovering Corporate Risks Using Generative AI,'' Working paper
155+ 4593660, SSRN 2023.
156+
71 \harvarditem[Li et al.]{Li, Mai, Shen and Yan}{2021}{li2021} 157 \harvarditem[Li et al.]{Li, Mai, Shen and Yan}{2021}{li2021}
72 {\bf Li, Kai, Feng Mai, Rui Shen, and Xinyan Yan}, ``Measuring Corporate 158 {\bf Li, Kai, Feng Mai, Rui Shen, and Xinyan Yan}, ``Measuring Corporate
73 Culture Using Machine Learning,'' {\it Review of Financial Studies}, 2021, 159 Culture Using Machine Learning,'' {\it Review of Financial Studies}, 2021,
74 {\it 34} (7), 3265--3315. 160 {\it 34} (7), 3265--3315.
75 161
162+\harvarditem[Li et al.]{Li, Li, Suhara, Doan and Tan}{2020}{li2020}
163+{\bf Li, Yuliang, Jinfeng Li, Yoshihiko Suhara, AnHai Doan, and Wang-Chiew
164+ Tan}, ``Deep entity matching with pre-trained language models,'' {\it
165+ Proceedings of the VLDB Endowment}, 2020, {\it 14} (1), 50--60.
166+
76 \harvarditem[Loughran and McDonald]{Loughran and McDonald}{2011}{loughran2011} 167 \harvarditem[Loughran and McDonald]{Loughran and McDonald}{2011}{loughran2011}
77 {\bf Loughran, Tim and Bill McDonald}, ``When Is a Liability Not a Liability? 168 {\bf Loughran, Tim and Bill McDonald}, ``When Is a Liability Not a Liability?
78 {T}extual Analysis, Dictionaries, and 10-{K}s,'' {\it Journal of Finance}, 169 {T}extual Analysis, Dictionaries, and 10-{K}s,'' {\it Journal of Finance},
@@ -83,6 +174,30 @@
83 Survey,'' {\it Journal of Accounting Research}, 2016, {\it 54} (4), 174 Survey,'' {\it Journal of Accounting Research}, 2016, {\it 54} (4),
84 1187--1230. 175 1187--1230.
85 176
177+\harvarditem[Loukas et al.]{Loukas, Fergadiotis, Androutsopoulos and
178+ Malakasiotis}{2021}{loukas2021}
179+{\bf Loukas, Lefteris, Manos Fergadiotis, Ion Androutsopoulos, and Prodromos
180+ Malakasiotis}, ``{EDGAR-CORPUS}: Billions of Tokens Make The World Go
181+ Round,'' in ``Proceedings of the Third Workshop on Economics and Natural
182+ Language Processing'' 2021, pp.~13--18.
183+
184+\harvarditem[Ludwig et al.]{Ludwig, Mullainathan and
185+ Rambachan}{2026}{ludwig2025}
186+{\bf Ludwig, Jens, Sendhil Mullainathan, and Ashesh Rambachan}, ``Large
187+ Language Models: An Applied Econometric Framework,'' {\it Annual Review of
188+ Economics}, 2026, {\it 18} (1), 283--316.
189+\newblock Also NBER Working Paper 33344 (2025, DOI 10.3386/w33344).
190+
191+\harvarditem[McConnell and Muscarella]{McConnell and
192+ Muscarella}{1985}{mcconnell1985}
193+{\bf McConnell, J and Chris~J. Muscarella}, ``Corporate capital expenditure
194+ decisions and the market value of the firm,'' {\it Journal of Financial
195+ Economics}, 1985, {\it 14} (3), 399--422.
196+
197+\harvarditem[Peeters et al.]{Peeters, Steiner and Bizer}{2023}{peeters2023}
198+{\bf Peeters, Ralph, Aaron Steiner, and Christian Bizer}, ``Entity Matching
199+ using Large Language Models,'' arXiv:2310.11244 2023.
200+
86 \harvarditem[Raasveldt and M{\"u}hleisen]{Raasveldt and 201 \harvarditem[Raasveldt and M{\"u}hleisen]{Raasveldt and
87 M{\"u}hleisen}{2019}{raasveldt2019} 202 M{\"u}hleisen}{2019}{raasveldt2019}
88 {\bf Raasveldt, Mark and Hannes M{\"u}hleisen}, ``{DuckDB}: An Embeddable 203 {\bf Raasveldt, Mark and Hannes M{\"u}hleisen}, ``{DuckDB}: An Embeddable
@@ -95,6 +210,12 @@
95 Empirical Methods in Natural Language Processing (EMNLP-IJCNLP)'' 2019, 210 Empirical Methods in Natural Language Processing (EMNLP-IJCNLP)'' 2019,
96 pp.~3982--3992. 211 pp.~3982--3992.
97 212
213+\harvarditem[Sautner et al.]{Sautner, van Lent, Vilkov and
214+ Zhang}{2023}{sautner2023}
215+{\bf Sautner, Zacharias, Laurence van Lent, Grigory Vilkov, and Ruishen Zhang},
216+ ``Firm-Level Climate Change Exposure,'' {\it Journal of Finance}, 2023, {\it
217+ 78} (3), 1449--1498.
218+
98 \harvarditem[Tandjambianda et al.]{Tandjambianda, Boucher and 219 \harvarditem[Tandjambianda et al.]{Tandjambianda, Boucher and
99 Kammoun}{2026}{spid2026} 220 Kammoun}{2026}{spid2026}
100 {\bf Tandjambianda, Djerrycharli, Simon-Pierre Boucher, and Manel Kammoun}, 221 {\bf Tandjambianda, Djerrycharli, Simon-Pierre Boucher, and Manel Kammoun},
@@ -114,4 +235,30 @@
114 \newblock Accessed October 2026; URL re-verified November 5, 2026 (the former 235 \newblock Accessed October 2026; URL re-verified November 5, 2026 (the former
115 \texttt{/os/accessing-edgar-data} address redirects here). 236 \texttt{/os/accessing-edgar-data} address redirects here).
116 237
238+\harvarditem[{Wikipedia contributors}]{{Wikipedia
239+ contributors}}{2026}{wikipediasp500}
240+{\bf {Wikipedia contributors}}, ``List of {S\&P} 500 companies,''
241+ \url{https://en.wikipedia.org/wiki/List_of_S%26P_500_companies} 2026.
242+\newblock Table scraped May 25, 2026; text available under the Creative Commons
243+ Attribution-ShareAlike 4.0 licence.
244+
245+\harvarditem[Yang et al.]{Yang, Tsai and Yamada}{2024}{yang2024}
246+{\bf Yang, Daniel, Yao-Hung~Hubert Tsai, and Makoto Yamada}, ``On Verbalized
247+ Confidence Scores for {LLMs},'' arXiv:2412.14737 2024.
248+
249+\harvarditem[Ye et al.]{Ye, Yang, Pang, Wang, Wong, Yilmaz, Shi and
250+ Tu}{2024}{ye2024}
251+{\bf Ye, Fanghua, Mingming Yang, Jianhui Pang, Longyue Wang, Derek Wong, Emine
252+ Yilmaz, Shuming Shi, and Zhaopeng Tu}, ``Benchmarking {LLMs} via Uncertainty
253+ Quantification,'' in ``Advances in Neural Information Processing Systems 37
254+ (NeurIPS 2024)'' 2024, pp.~15356--15385.
255+
256+\harvarditem[Zolas et al.]{Zolas, Kroff, Brynjolfsson, McElheran, Beede,
257+ Buffington, Goldschlag, Foster and Dinlersoz}{2020}{zolas2020}
258+{\bf Zolas, Nikolas, Zachary Kroff, Erik Brynjolfsson, Kristina McElheran,
259+ David Beede, Cathy Buffington, Nathan Goldschlag, Lucia Foster, and Emin
260+ Dinlersoz}, ``Advanced Technologies Adoption and Use by U.S. Firms: Evidence
261+ from the Annual Business Survey,'' NBER Working Paper 28290, National Bureau
262+ of Economic Research 2020.
263+
117 \end{thebibliography} 264 \end{thebibliography}
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