Preprint
Sep 2026
From Word Counts to Context: Topic Models for Asset Pricing
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 transformer represents an improvement over techniques such as Latent Dirichlet Allocation (LDA) in the coherence of topic term lists generated from...
Kevin Foley, Jonathan Hartadi, S. Prakash et al.
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