Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Session 3.11: The Different Networks Of Firms Implied By The News
Time:
Tuesday, 26/Aug/2025:
4:30pm - 5:00pm
Location:Mikado Conference hall
Meeting hall “Mikado”, which can accommodate up to 50 people
Presentations
The Different Networks Of Firms Implied By The News
Prof. Victor Hilt2, Prof. Gustavo Schwenkler1
1Santa Clara University, United States of America; 2Wellington Management, United States of America
The interconnectedness of firms through various networks, such as production, credit, and competition, plays a critical role in determining firm-level and aggregate outcomes. However, data on these connections are often limited. This paper introduces a novel artificial intelligence methodology that extracts explicit firm relationship networks from financial news articles, providing comprehensive and interpretable data across multiple dimensions. Applying this methodology to New York Times articles since 1981, we generate extensive networks that predict key macroeconomic indicators. Our publicly accessible dataset offers valuable insights for future research on firm networks and aggregate fluctuations.
