2 papers
q-fin.ST2026
Reading the News Without Hindsight: NoLBERT Topics and the Cross-Section of Stock Returns
Kevin Foley, Jonathan Hartadi, Shivesh Prakash +2
Language models that read financial news are usually trained on text from the same years used to test them, so a backtest can reward hindsight. We build news topics from NoLBERT, a…
cs.CE2026
From Word Counts to Context: Topic Models for Asset Pricing
Kevin Foley, Jonathan Hartadi, Shivesh Prakash +1
News may reveal systematic risk, but whether its context enhances the construction of systematic risk factors is still unclear. We seek to test whether utilizing a sentence transfo…