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Loughran-McDonald sentiment lexicon

Source: R/lexicon_loughran.R
lexicon_loughran.Rd

English sentiment lexicon created for use with financial documents. This lexicon labels words with six possible sentiments important in financial contexts: "negative", "positive", "litigious", "uncertainty", "constraining", or "superfluous".

Usage

lexicon_loughran(
  dir = NULL,
  delete = FALSE,
  return_path = FALSE,
  clean = FALSE,
  manual_download = FALSE
)

Source

https://sraf.nd.edu/loughranmcdonald-master-dictionary/

Arguments

dir

Character, path to directory where data will be stored. If NULL, user_cache_dir will be used to determine path.

delete

Logical, set TRUE to delete dataset.

return_path

Logical, set TRUE to return the path of the dataset.

clean

Logical, set TRUE to remove intermediate files. This can greatly reduce the size. Defaults to FALSE.

manual_download

Logical, set TRUE if you have manually downloaded the file and placed it in the folder designated by running this function with return_path = TRUE.

Value

A tibble with 4,150 rows and 2 variables:

word

An English word

sentiment

Indicator for sentiment: "negative", "positive", "litigious", "uncertainty", "constraining", or "superfluous"

Details

Citation info:

This dataset was published in Loughran, T. and McDonald, B. (2011), ``When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks.'' The Journal of Finance, 66: 35-65.

article{loughran11,
author = {Loughran, Tim and McDonald, Bill},
title = {When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks},
journal = {The Journal of Finance},
volume = {66},
number = {1},
pages = {35-65},
doi = {10.1111/j.1540-6261.2010.01625.x},
url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1540-6261.2010.01625.x},
eprint = {https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1540-6261.2010.01625.x},
year = {2011}
}

See also

Other lexicon: lexicon_afinn(), lexicon_bing(), lexicon_nrc(), lexicon_nrc_eil(), lexicon_nrc_vad()

Examples

if (FALSE) {
lexicon_loughran()

# Custom directory
lexicon_loughran(dir = "data/")

# Deleting dataset
lexicon_loughran(delete = TRUE)

# Returning filepath of data
lexicon_loughran(return_path = TRUE)
}