Abstract

This paper introduces a new approach to identify competitors using company websites to map competitive relationships among public and private firms. We apply representation learning techniques to create embeddings of companies based on website content, emphasizing information about industry-specific products and services. By placing all firms, public and private, within the same embedding space, we construct a peer competitor network that supports analysis of company interactions and market evolution. We label this new approach and set of network competitors as the website text-based network industry classification (WTNIC). We evaluate the quality of the network using multiple ground truth datasets and benchmarks and show that it offers a robust alternative for understanding competition at scale. Despite using noisy website data, WTNIC matches or outperforms prior approaches that rely on curated …

Date

2026

Authors

Gerard Hoberg, Craig Knoblock, Gordon Phillips, Jay Pujara, Zhiqiang Qiu, Louiqa Raschid

Journal

Management Science

Publisher

INFORMS