A Systematic Literature Review of Asset Pricing: Insights from AI and Big Data

Zynobia Barson (), Richard Mawulawoe Ahadzie (), Dan Daugaard () and Joaquin Vespignani ()
Additional contact information
Zynobia Barson: Tasmanian School of Business & Economics, University of Tasmania, https://www.linkedin.com/in/zynobia-barson/
Richard Mawulawoe Ahadzie: Tasmanian School of Business & Economics, University of Tasmania, https://discover.utas.edu.au/RichardMawulawoe.Ahadzie
Dan Daugaard: Tasmanian School of Business & Economics, University of Tasmania, https://discover.utas.edu.au/Dan.Daugaard
Joaquin Vespignani: Tasmanian School of Business & Economics, University of Tasmania, https://discover.utas.edu.au/Joaquin.Vespignani

No 2025-03, Working Papers from University of Tasmania, Tasmanian School of Business and Economics

Abstract: This paper systematically reviews the role of big data and artificial intelligence (AI) in asset pricing, analysing 130 journal articles published between 1994 and 2024. We categorise the literature into three themes: AI in asset pricing, big data in asset pricing, and their integration. Publications have grown exponentially since 2019 suggesting structural changes in asset pricing research which we highlight using thematic analysis. The bibliometric analysis shows key trends in AI models for predictive analytics and factor analysis. We identify research gaps and call for adaptive regulatory frameworks to support the ethical use of AI and big data in financial modelling.

Keywords: Big Data; Artificial Intelligence; Asset Pricing; Machine Learning; Systematic Literature Review; Alternative Data; Financial Markets (search for similar items in EconPapers)
JEL-codes: C55 C61 G12 (search for similar items in EconPapers)
Pages: 70 pages
Date: 2025
References: Add references at CitEc
Citations:

Published by the University of Tasmania. Discussion paper 2025-03

Downloads: (external link)
https://figshare.utas.edu.au/ndownloader/files/55918370/3
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://figshare.utas.edu.au/ndownloader/files/55918370/3 [302 Found]--> https://s3-ap-southeast-2.amazonaws.com/figshare-production-eu-utas-storage2718-ap-southeast-2/coversheet/55918370/3/202503_Barson_Ahadzie_Daugaard_Vespignani.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIARRFKZQ25CRVZALJA/20250726/ap-southeast-2/s3/aws4_request&X-Amz-Date=20250726T135150Z&X-Amz-Expires=10&X-Amz-SignedHeaders=host&X-Amz-Signature=c291dddaf89a1be7a1b469d255ec22e5bf2e47d63ce78a40ac09057caafec7d6)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tas:wpaper:29456384

Access Statistics for this paper

More papers in Working Papers from University of Tasmania, Tasmanian School of Business and Economics Contact information at EDIRC.
Bibliographic data for series maintained by Oscar Pavlov ().