Abstract
As information technologies evolve, it has become necessary to examine the changes which have taken place in the top business scopes for both investors and entrepreneurs. To provide an understanding for the trends of the top business scopes in the current market, this article conducts a concurrent text and time series methodology to analyze the stocks in the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotations (NASDAQ) from 2012 to 2017. There is evidence that artificial intelligence and blockchains gained increasing importance for companies during that period. The authors contend that their findings in this paper question the status quo of promising business scopes for companies in the U.S. market.
Highlights
With the development of information technologies such as big data (BD), business intelligence (BI), and artificial intelligence (AI), the scopes of business for many companies have changed significantly.These developments have had a great impact on the strategies for traditional industries, as some new business scopes have become of interest
Bushman [15] calculated a daily market return by summing the abnormal returns; these analysis considered a bank’s average text similarity and tail co-movement with all other banks
The Number of Stocks in National Association of Securities Dealers Automated Quotations (NASDAQ) Is Decreasing while the Number of Stocks in New York Stock Exchange (NYSE) is
Summary
With the development of information technologies such as big data (BD), business intelligence (BI), and artificial intelligence (AI), the scopes of business for many companies have changed significantly. These developments have had a great impact on the strategies for traditional industries, as some new business scopes have become of interest. An interesting discovery is that some companies share the same business scope, the industries involved vary. These findings have led researchers to focus more attention on business scopes, relegating important issues of participation to the background. Investors could use this data to base their investment choices on companies which have promising business scopes
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