{"id":"https://openalex.org/W4402574215","doi":"https://doi.org/10.1287/mnsc.2022.02659","title":"The Use and Usefulness of Big Data in Finance: Evidence from Financial Analysts","display_name":"The Use and Usefulness of Big Data in Finance: Evidence from Financial Analysts","publication_year":2024,"publication_date":"2024-09-17","ids":{"openalex":"https://openalex.org/W4402574215","doi":"https://doi.org/10.1287/mnsc.2022.02659"},"language":"en","primary_location":{"id":"doi:10.1287/mnsc.2022.02659","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2022.02659","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045049401","display_name":"Feng Chi","orcid":"https://orcid.org/0000-0003-4078-6477"},"institutions":[{"id":"https://openalex.org/I205783295","display_name":"Cornell University","ror":"https://ror.org/05bnh6r87","country_code":"US","type":"education","lineage":["https://openalex.org/I205783295"]},{"id":"https://openalex.org/I4210151850","display_name":"SC Johnson (United States)","ror":"https://ror.org/05j1xsk75","country_code":"US","type":"company","lineage":["https://openalex.org/I4210151850"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Feng Chi","raw_affiliation_strings":["Cornell S.C. Johnson College of Business, Cornell University, Ithaca, New York 14850","Cornell S.C. Johnson College of Business, Cornell University, Ithaca, New York 14850;"],"affiliations":[{"raw_affiliation_string":"Cornell S.C. Johnson College of Business, Cornell University, Ithaca, New York 14850","institution_ids":["https://openalex.org/I205783295"]},{"raw_affiliation_string":"Cornell S.C. Johnson College of Business, Cornell University, Ithaca, New York 14850;","institution_ids":["https://openalex.org/I205783295","https://openalex.org/I4210151850"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5107288459","display_name":"Byoung-Hyoun Hwang","orcid":"https://orcid.org/0000-0003-1549-9548"},"institutions":[{"id":"https://openalex.org/I172675005","display_name":"Nanyang Technological University","ror":"https://ror.org/02e7b5302","country_code":"SG","type":"education","lineage":["https://openalex.org/I172675005"]},{"id":"https://openalex.org/I21419654","display_name":"Nanyang Polytechnic","ror":"https://ror.org/04af7ga89","country_code":"SG","type":"education","lineage":["https://openalex.org/I1280293394","https://openalex.org/I21419654"]}],"countries":["SG"],"is_corresponding":false,"raw_author_name":"Byoung-Hyoun Hwang","raw_affiliation_strings":["Nanyang Business School, NTU, Singapore 639956","Nanyang Business School, NTU, Singapore 639956;"],"affiliations":[{"raw_affiliation_string":"Nanyang Business School, NTU, Singapore 639956","institution_ids":["https://openalex.org/I172675005","https://openalex.org/I21419654"]},{"raw_affiliation_string":"Nanyang Business School, NTU, Singapore 639956;","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100570080","display_name":"Yaping Zheng","orcid":"https://orcid.org/0009-0005-4674-6435"},"institutions":[{"id":"https://openalex.org/I154425047","display_name":"University of Alberta","ror":"https://ror.org/0160cpw27","country_code":"CA","type":"education","lineage":["https://openalex.org/I154425047"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Yaping Zheng","raw_affiliation_strings":["Alberta School of Business, University of Alberta, Edmonton, Alberta T6G 2R6, Canada"],"affiliations":[{"raw_affiliation_string":"Alberta School of Business, University of Alberta, Edmonton, Alberta T6G 2R6, Canada","institution_ids":["https://openalex.org/I154425047"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5045049401"],"corresponding_institution_ids":["https://openalex.org/I205783295","https://openalex.org/I4210151850"],"apc_list":null,"apc_paid":null,"fwci":18.4471,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.99629805,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"71","issue":"6","first_page":"4599","last_page":"4621"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9929999709129333,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9929999709129333,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9861999750137329,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/big-data","display_name":"Big data","score":0.5758346915245056},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.46912527084350586},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.4610331356525421},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3824315071105957},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.14993056654930115}],"concepts":[{"id":"https://openalex.org/C75684735","wikidata":"https://www.wikidata.org/wiki/Q858810","display_name":"Big data","level":2,"score":0.5758346915245056},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.46912527084350586},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4610331356525421},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3824315071105957},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.14993056654930115},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1287/mnsc.2022.02659","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2022.02659","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W2026775942","https://openalex.org/W2076480217","https://openalex.org/W2169143810","https://openalex.org/W2313460270","https://openalex.org/W2330509058","https://openalex.org/W2483142831","https://openalex.org/W2597630441","https://openalex.org/W2600306306","https://openalex.org/W2606050303","https://openalex.org/W2609860923","https://openalex.org/W2920166258","https://openalex.org/W2924260403","https://openalex.org/W3121216765","https://openalex.org/W3121453830","https://openalex.org/W3121955304","https://openalex.org/W3122500016","https://openalex.org/W3123027396","https://openalex.org/W3123171985","https://openalex.org/W3123717347","https://openalex.org/W3124514423","https://openalex.org/W3124583602","https://openalex.org/W3124648789","https://openalex.org/W3125263129","https://openalex.org/W3125478245","https://openalex.org/W3125510413","https://openalex.org/W3125593883","https://openalex.org/W3126125755","https://openalex.org/W3146124799","https://openalex.org/W4205683672","https://openalex.org/W4229737049","https://openalex.org/W4281698673","https://openalex.org/W4385800425","https://openalex.org/W4385800628"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W4390608645","https://openalex.org/W4247566972","https://openalex.org/W4394895745","https://openalex.org/W2960264696","https://openalex.org/W3090563135","https://openalex.org/W2497432351","https://openalex.org/W4206777497","https://openalex.org/W2910064364","https://openalex.org/W4200136508"],"abstract_inverted_index":{"Alternative":[0],"data":[1,41,55,82,111],"have":[2,36],"become":[3],"a":[4],"new":[5],"source":[6],"of":[7,21,27,80],"information":[8],"for":[9],"investors.":[10],"This":[11,85,94],"paper":[12,86],"examines":[13],"how":[14],"this":[15],"development":[16],"is":[17,96],"reshaping":[18],"the":[19,78],"role":[20],"sell-side":[22],"analysts.":[23,84],"Employing":[24],"textual":[25],"analysis":[26],"analysts\u2019":[28],"written":[29],"reports,":[30],"we":[31,46],"show":[32],"that":[33,48,75],"analysts":[34,50],"themselves":[35],"begun":[37],"to":[38],"adopt":[39],"alternative":[40,54,81],"in":[42,69],"their":[43,63],"analyses.":[44],"Furthermore,":[45],"find":[47],"when":[49],"report":[51],"drawing":[52],"from":[53,72],"they":[56],"generate":[57],"more":[58],"accurate":[59],"earnings":[60],"forecasts,":[61],"and":[62,110],"brokerages":[64],"subsequently":[65],"receive":[66],"higher":[67],"amounts":[68],"trading":[70],"commissions":[71],"investors,":[73],"suggesting":[74],"investors":[76],"value":[77],"adoption":[79],"by":[83,89,98],"was":[87],"accepted":[88],"Kay":[90],"Gieseke,":[91],"finance.":[92],"Funding:":[93],"research":[95],"supported":[97],"NTU-Singapore":[99],"under":[100],"its":[101],"startup":[102],"grant":[103],"program.":[104],"Supplemental":[105],"Material:":[106],"The":[107],"online":[108],"appendix":[109],"files":[112],"are":[113],"available":[114],"at":[115],"https://doi.org/10.1287/mnsc.2022.02659":[116],".":[117]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":20},{"year":2024,"cited_by_count":10},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-03-26T15:22:09.906841","created_date":"2025-10-10T00:00:00"}
