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AI and Finance

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Listed:
  • Andrea L. Eisfeldt
  • Gregor Schubert

Abstract

We provide evidence that the development and adoption of Generative AI is driving a significant technological shift for firms and for financial research. We review the literature on the impact of ChatGPT on firm value and provide directions for future research investigating the impact of this major technology shock. Finally, we review and describe innovations in research methods linked to improvements in AI tools, along with their applications. We offer a practical introduction to available tools and advice for researchers interested in using these tools.

Suggested Citation

  • Andrea L. Eisfeldt & Gregor Schubert, 2024. "AI and Finance," NBER Working Papers 33076, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:33076
    Note: AP CF EFG
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    JEL classification:

    • G0 - Financial Economics - - General

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