2 papers
econ.GN2025
Bloated Disclosures: Can ChatGPT Help Investors Process Information?
Alex Kim, Maximilian Muhn, Valeri Nikolaev
Generative AI tools such as ChatGPT can fundamentally change the way investors process information. We probe the economic usefulness of these tools in summarizing complex corporate…
econ.GN2025
From Transcripts to Insights: Uncovering Corporate Risks Using Generative AI
Alex Kim, Maximilian Muhn, Valeri Nikolaev
We explore the value of generative AI tools, such as ChatGPT, in helping investors uncover dimensions of corporate risk. We develop and validate firm-level measures of risk exposur…