Abstract
This paper introduces the R package edgar to download and analyze the Securities and Exchange Commission's (SEC) mandatory public disclosures in the United States. Corporations in the U.S. submit their periodic reports, registration statements, and financial reports electronically to the SEC. The SEC makes these reports publicly accessible to everyone through the Electronic Data Gathering, Analysis, and Retrieval System (EDGAR). As financial reporting is one of the most crucial aspects of the financial system, efficient retrieval of EDGAR filings becomes imperative for analysts and researchers. We summarize the implementation of the edgar package that facilitates downloading, parsing, searching, and sentiment analysis of corporate reports.
Highlights
This paper introduces the R package edgar to download and analyze the Securities and Exchange
Edgar filings_HTML view: This directory is created upon a call of the getFilingsHTML function and saves filings in HTML format with the filename in format [central index key (CIK)]_[form type]_[date filed]_[Accession Number]
Post-2000 era has seen an unprecedented rise in the textual analyses research, using financial and operational disclosure of firms, leading to an increased demand for an efficient opensource platform to download and analyze the disclosures
Summary
It is noteworthy that the U.S SEC receives the terabytes of mandatory operation and financial statements, popularly called as filings, every quarter from both public and private firms in the U.S.1 To download and analyze fundamentals, accounting statements, and future growth possibilities of these firms efficiently are vital. The edgar package [10] developed in R statistical programming software allows researchers, practitioners, and investors to access valuable information from the SEC filings on a large scale. The SEC’s public repository known as the EDGAR system, started in 1993, maintains filings for an individual company, mutual fund, and exchange-traded fund (ETF). This platform allows public use of these filings for research, investment, and analysis purposes. It provides an open source tool, access to all filings, robust error handling, better file management system, and scraping and parsing functions. The recent developments in the advancement of research methodologies led to an increase in demand for the usage of such specialized tools
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