DECODEM benchmark evaluates LLM extraction of corporate governance data
A new benchmark dataset shows that large language models can extract corporate governance variables from charters and bylaws with high accuracy, potentially replacing manual document coding in legal research.
Researchers have released DECODEM, a benchmark dataset for evaluating automated extraction of corporate governance variables from organizational documents. The work addresses a long-standing friction in empirical legal research: human coding of corporate charters and bylaws is slow, expensive, and d...
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