Time: Tuesday, 26/Aug/2025: 4:30pm - 5:00pm |
Location: Mikado Conference hall Meeting hall “Mikado”, which can accommodate up to 50 people |
The Different Networks Of Firms Implied By The News
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.