Multimodal Generative Models for Bankruptcy Prediction Using Textual Data

arXiv:2211.08405v5 Announce Type: replace-cross
Abstract: Textual data from financial filings, e.g., the Management's Discussion & Analysis (MDA) section in Form 10-K, has been used to improve the prediction accuracy of bankruptcy models. In practice, however, we cannot obtain the MDA section for all public companies, which limits the use of MDA data in traditional bankruptcy models, as they need complete data to make predictions. The two main reasons for the lack of MDA are: (i) not all companies are obliged …

abstract accuracy analysis arxiv companies cs.lg data financial form generative generative models management multimodal practice prediction public q-fin.rm stat.ml textual type