Explore our new Public Measures library. We regularly update and publish text-based measures widely used by economists. Read more

Text analysis made simple.

Our no-code platform turns hundreds of thousands of earnings calls into insights in seconds, empowering you to effortlessly analyze text at scale.

Trusted by researchers at leading organizations, including

    • International Monetary Fund
    • European Central Bank
    • European Bank for Reconstruction and Development
    • Bank of England
    • Banca d'Italia
    • Brookings Institute
    • Financial Times
    • Wall Street Journa

One text-to-insights platform. Three tools.

Transform raw text into data-driven narratives.

Step 1:Minimize noise and maximize relevance. Use our Keyword Tool to build a tailored keyword list attuned to the language in earnings calls.

Screenshot of Keyword Tool tool output

Insights at work.

Explore how our platform can turn earnings call data into actionable intelligence.

Explore our latest use case in detail  

Monitor the contagion of global events

Global risk contagion: Tracking the ripple effects of geopolitical events.

Analyze the impact of Russia's 2022 invasion of Ukraine on global corporate risk perceptions. While companies worldwide reported increased concern, our data shows that firms in France, Italy, and Germany are disproportionately worried compared to their historical baselines.

Monitor the contagion of global events

Assess the impact of economic shocks

The pulse of business: Measuring the impact of sudden economic shocks

Visualize the evolution of supply chain risks before and during the COVID-19 pandemic. Our time series analysis shows how corporate concerns shifted dramatically as the crisis unfolded. Key moments are highlighted with actual quotes from earnings calls, suggesting how a vivid narrative can be built.

Assess the impact of economic shocks

Quantify companies' own perceived risk profile

Shifting landscape: Understanding the composition of corporate risks

Create profiles of companies' perceived risks and cardinally compare their magnitude over time, across firms, and across risks. Observe how priorities shifted, with some risks diminishing while others gained prominence, providing unique insights into each company's strategic concerns.

Quantify companies' own perceived risk profile

Built on our founders' peer-reviewed research.

The foundation of NL Analytics is recent academic research published in leading economics and finance journals.

Economic Surveillance using Corporate Text

Tarek Hassan, Stephan Hollander, Aakash Kalyani, Laurence van Lent, Markus Schwedeler, Ahmed Tahoun

The Journal of Economic Perspectives, forthcoming.
Economic Surveillance using Corporate Text

This article uses text analysis on corporate documents to gain unique insights into how companies and markets react to major economic events, offering new ways to monitor economic changes in real-time that often elude traditional data sources.

Sources and Transmission of Country Risk

Tarek Hassan, Jesse Schreger, Markus Schwedeler, Ahmed Tahoun

The Review of Economic Studies, Volume 91, Issue 4, July 2024, Pages 2307-2346.
Sources and Transmission of Country Risk

The authors use textual analysis of earnings conference calls held by listed firms around the world to measure the amount of risk managers and investors at each firm associated with each country at each point in time.

The Global Impact of Brexit Uncertainty

Tarek Hassan, Stephan Hollander, Laurence van Lent, Ahmend Tahoun

The Journal of Finance, Volume 79, Issue 1, February 2024, Pages 413–458.
The Global Impact of Brexit Uncertainty

The authors propose a text-based method for measuring the international propagation of uncertainty shocks at the firm level and apply it to estimate the impact of Brexit-related uncertainty.

Firm-level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1

Tarek Hassan, Stephan Hollander, Laurence van Lent, Markus Schwedeler, Ahmed Tahoun

The Review of Financial Studies, Volume 36, Issue 12, December 2023, Pages 4919-4964.
Firm-level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1

The authors construct text-based measures of the primary concerns listed firms associated with the spread of COVID-19 and decompose its effect on firms' demand and supply.

The Diffusion of New Technologies

Nicholas Bloom, Tarek Hassan, Aakash Kalyani, Josh Lerner, Marcela Carvalho, Ahmed Tahoun

The Quarterly Journal of Economics, forthcoming.
The Diffusion of New Technologies

The authors identify phrases associated with novel technologies using textual analysis of patents, job postings, and earnings calls, enabling us to identify four stylized facts on the diffusion of jobs relating to new technologies.

Firm-Level Political Risk: Measurement and Effects

Tarek Hassan, Stephan Hollander, Laurence van Lent, Ahmed Tahoun

The Quarterly Journal of Economics, Volume 134, Issue 4, August 2019, Pages 2135-2022.
Firm-Level Political Risk: Measurement and Effects

The authors adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual U.S. firms: the share of their quarterly earnings conference calls that they devote to political risks.

Insights within reach.

Choose from Free, Standard, or Research plans to power your text analysis projects.

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  • Discounts for students and academics

Meet our team.

NL Analytics was founded in 2022 to make rigorous economic analysis accessible and actionable.

  • Picture of Prof. Tarek Hassan, PhD

    Prof. Tarek Hassan, PhD

    Co-Founder / President

  • Picture of Markus Schwedeler, PhD

    Markus Schwedeler, PhD

    Co-Founder / CEO

Founded by leading economists.

Our founding advisors bring deep academic expertise and continue to guide our research direction.

  • Picture of Aakash Kalyani, PhD

    Aakash Kalyani, PhD

    Co-Founder

  • Picture of Prof. Ahmed Tahoun, PhD

    Prof. Ahmed Tahoun, PhD

    Co-Founder

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