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A Review of Artificial Intelligence and Biologically Inspired Computational Approaches to Solving Issues in Narrative Financial Disclosure

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Advances in Brain Inspired Cognitive Systems (BICS 2013)

Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 7888))

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Abstract

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.

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Author information

Authors and Affiliations

  1. Dept. of Computing Science, Univerity of Stirling, FK9 4LA, Scotland

    Saliha Minhas, Amir Hussain & Khalid Hussainey

  2. Dept. of Computing Science, Jadavpur University, West Bengal, India

    Soujanya Poria

Authors
  1. Saliha Minhas
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  2. Soujanya Poria
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  3. Amir Hussain
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  4. Khalid Hussainey
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Editor information

Editors and Affiliations

  1. Chinese Academy of Sciences, Institute of Automation, The State Key Laboratory of Management and Control for Complex Systems, 100190, Beijing, China

    Derong Liu  & Dongbin Zhao  & 

  2. Dipartimento di Elettronica, Informazione e Bioingegneria, Politecnico di Milano, 20133, Milano, Italy

    Cesare Alippi

  3. Department of Computing Science and Mathematics, University of Stirling, FK9 4LA, Stirling, UK

    Amir Hussain

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Minhas, S., Poria, S., Hussain, A., Hussainey, K. (2013). A Review of Artificial Intelligence and Biologically Inspired Computational Approaches to Solving Issues in Narrative Financial Disclosure. In: Liu, D., Alippi, C., Zhao, D., Hussain, A. (eds) Advances in Brain Inspired Cognitive Systems. BICS 2013. Lecture Notes in Computer Science(), vol 7888. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-38786-9_36

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  • DOI: https://doi.org/10.1007/978-3-642-38786-9_36

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-38785-2

  • Online ISBN: 978-3-642-38786-9

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