LLM Replication Pipeline Examines 1,328 Top Empirical Finance Papers: Reproducible In-Sample but Substantially Decayed Out-of-Sample

Alpha Architect interprets Dmitriy Muravyev's 2026 working paper, which uses an in-house LLM replication pipeline to reconstruct the core results of 1,328 papers published in the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies between 2000 and 2020, of which 1,005 were eligible for subsequent out-of-sample testing.