... digitalization news on the focal firms’ digitalization disclosures and digital innovation. Large language models (LLMs) were applied for news sentiment classification. Findings Our results show that negative digitalization news from peer firms drives focal firms to increase their digitalization disclosures...

... and large language models (LLMs) in financial decision analytics. Design/methodology/approach The study offers FinSageNet, a novel framework designed and tested to harness the potential of LLMs in financial decisions. The framework excels in handling and analyzing large volumes of numerical and textual...