TY - GEN
T1 - A review of artificial intelligence and biologically inspired computational approaches to solving issues in narrative financial disclosure
AU - Minhas, Saliha
AU - Poria, Soujanya
AU - Hussain, Amir
AU - Hussainey, Khalid
PY - 2013
Y1 - 2013
N2 - Indisputably, financial reporting has a key role to play in the efficient workings of capitalist economies. Problems related to agency and asymmetric information (Jensen and Meckling, 1976) would abound and cripple financial markets, as it has done when left unchecked (Enron, WorldCom and Tyco). However for too long, quantitative data has monopolised the assessment and prediction role within this arena and this has contributed to the failures, borne out by research (Kumar & Ravi, 2007). As qualitative data proliferates, containing value relevant information it needs to be factored into the analysis. This paper reviews work on financial narrative disclosures and looks at conventional artificial intelligence and more recent biologically inspired computational approaches to catapult the domain to more progressive methods of using linguistic data in evaluations.
AB - Indisputably, financial reporting has a key role to play in the efficient workings of capitalist economies. Problems related to agency and asymmetric information (Jensen and Meckling, 1976) would abound and cripple financial markets, as it has done when left unchecked (Enron, WorldCom and Tyco). However for too long, quantitative data has monopolised the assessment and prediction role within this arena and this has contributed to the failures, borne out by research (Kumar & Ravi, 2007). As qualitative data proliferates, containing value relevant information it needs to be factored into the analysis. This paper reviews work on financial narrative disclosures and looks at conventional artificial intelligence and more recent biologically inspired computational approaches to catapult the domain to more progressive methods of using linguistic data in evaluations.
KW - Biologically Inspired
KW - Narrative Financial Disclosure
KW - SenticNet
UR - https://www.scopus.com/pages/publications/84880298706
U2 - 10.1007/978-3-642-38786-9_36
DO - 10.1007/978-3-642-38786-9_36
M3 - Conference contribution
AN - SCOPUS:84880298706
SN - 9783642387852
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 317
EP - 327
BT - Advances in Brain Inspired Cognitive Systems - 6th International Conference, BICS 2013, Proceedings
T2 - 6th International Conference on Brain Inspired Cognitive Systems, BICS 2013
Y2 - 9 June 2013 through 11 June 2013
ER -