CR-COPEC: Causal Rationale of Corporate Performance Changes to learn from Financial Reports

Ye Chun, Sunjae Kwon, Kyunghwan Sohn, Nakwon Sung, Junyoup Lee, Byoung Seo, Kevin Compher, Seung-won Hwang, Jaesik Choi


Abstract
In this paper, we introduce CR-COPEC called Causal Rationale of Corporate Performance Changes from financial reports. This is a comprehensive large-scale domain-adaptation causal sentence dataset to detect financial performance changes of corporate. CR-COPEC contributes to two major achievements. First, it detects causal rationale from 10-K annual reports of the U.S. companies, which contain experts’ causal analysis following accounting standards in a formal manner. This dataset can be widely used by both individual investors and analysts as material information resources for investing and decision-making without tremendous effort to read through all the documents. Second, it carefully considers different characteristics which affect the financial performance of companies in twelve industries. As a result, CR-COPEC can distinguish causal sentences in various industries by taking unique narratives in each industry into consideration. We also provide an extensive analysis of how well CR-COPEC dataset is constructed and suited for classifying target sentences as causal ones with respect to industry characteristics.
Anthology ID:
2023.findings-emnlp.26
Volume:
Findings of the Association for Computational Linguistics: EMNLP 2023
Month:
December
Year:
2023
Address:
Singapore
Editors:
Houda Bouamor, Juan Pino, Kalika Bali
Venue:
Findings
SIG:
Publisher:
Association for Computational Linguistics
Note:
Pages:
339–355
Language:
URL:
https://aclanthology.org/2023.findings-emnlp.26
DOI:
10.18653/v1/2023.findings-emnlp.26
Bibkey:
Cite (ACL):
Ye Chun, Sunjae Kwon, Kyunghwan Sohn, Nakwon Sung, Junyoup Lee, Byoung Seo, Kevin Compher, Seung-won Hwang, and Jaesik Choi. 2023. CR-COPEC: Causal Rationale of Corporate Performance Changes to learn from Financial Reports. In Findings of the Association for Computational Linguistics: EMNLP 2023, pages 339–355, Singapore. Association for Computational Linguistics.
Cite (Informal):
CR-COPEC: Causal Rationale of Corporate Performance Changes to learn from Financial Reports (Chun et al., Findings 2023)
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PDF:
https://aclanthology.org/2023.findings-emnlp.26.pdf