Li
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Acknowledgment: We thank Diane Janvrin (Editor), Uday Murthy (discussant), two anonymous 当然,你重发一次委托给你看嘛
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Accounting is a study primarily rooted in the quantitative expression of economic
phenomena (Davidson 1966). The advent of machine-readable datasets, notably Compustat in
1962, revolutionized the accessibility of financial data for all stakeholders, thereby accelerating
research in accounting and capital markets (Teoh 2018). However, despite the availability of
existing structured datasets, vast realms of financial data remain sequestered in unstructured
formats. These include but are not limited to fiscal indicators embedded within Portable Document
Format (PDF)-formatted governmental Annual Comprehensive Financial Reports (ACFRs) (Li,
Wei, Moffitt, and Vasarhelyi 2023), prices and quantity negotiated within contracts (Yan and
Moffitt 2019), and greenhouse gas (GHG) emission figures disclosed in environmental, social, and 一共49页
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