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Recent studies have demonstrated that changes in the textual content of the corporate annual filing (10\u2010K) can convey strong signals of companies\u2019 future returns. In this study, we combine natural language processing techniques and network science to introduce a novel 10\u2010K\u2010based network, named Lazy Network, that leverages year\u2010on\u2010year changes in companies\u2019 10\u2010Ks detected using a neural network embedding model. The Lazy Network aims to capture textual changes derived from financial or economic changes on the equity market. Leveraging the Lazy Network, we present a novel investment strategy that attempts to select the least disrupted and stable companies by capturing the peripheries of the Lazy Network. We show that this strategy earns statistically significant risk\u2010adjusted excess returns. Specifically, the proposed portfolios yield up to 95 basis points in monthly five\u2010factor alphas (over 12% annually), outperforming similar strategies in the literature.<\/jats:p>","DOI":"10.1155\/2022\/9430919","type":"journal-article","created":{"date-parts":[[2022,4,22]],"date-time":"2022-04-22T10:50:06Z","timestamp":1650624606000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":10,"title":["Lazy Network: A Word Embedding\u2010Based Temporal Financial Network to Avoid Economic Shocks in Asset Pricing Models"],"prefix":"10.1155","volume":"2022","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-7603-6163","authenticated-orcid":false,"given":"George","family":"Adosoglou","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-4726-2441","authenticated-orcid":false,"given":"Seonho","family":"Park","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-1808-4487","authenticated-orcid":false,"given":"Gianfranco","family":"Lombardo","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-4669-512X","authenticated-orcid":false,"given":"Stefano","family":"Cagnoni","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-9623-8053","authenticated-orcid":false,"given":"Panos M.","family":"Pardalos","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2022,4,22]]},"reference":[{"key":"e_1_2_10_1_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jacceco.2017.07.002"},{"key":"e_1_2_10_2_2","article-title":"Lazy Prices 2019","volume":"75","author":"Cohen L.","year":"2019","journal-title":"The Journal of Finance"},{"key":"e_1_2_10_3_2","unstructured":"LeQ.andMikolovT. 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