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DocFin: Multimodal Financial Prediction and Bias Mitigation using Semi-structured Documents

Puneet Mathur, Mihir Goyal, Ramit Sawhney, Ritik Mathur, Jochen Leidner, Franck Dernoncourt, Dinesh Manocha


Abstract
Financial prediction is complex due to the stochastic nature of the stock market. Semi-structured financial documents present comprehensive financial data in tabular formats, such as earnings, profit-loss statements, and balance sheets, and can often contain rich technical analysis along with a textual discussion of corporate history, and management analysis, compliance, and risks. Existing research focuses on the textual and audio modalities of financial disclosures from company conference calls to forecast stock volatility and price movement, but ignores the rich tabular data available in financial reports. Moreover, the economic realm is still plagued with a severe under-representation of various communities spanning diverse demographics, gender, and native speakers. In this work, we show that combining tabular data from financial semi-structured documents with text transcripts and audio recordings not only improves stock volatility and price movement prediction by 5-12% but also reduces gender bias caused due to audio-based neural networks by over 30%.
Anthology ID:
2022.findings-emnlp.139
Volume:
Findings of the Association for Computational Linguistics: EMNLP 2022
Month:
December
Year:
2022
Address:
Abu Dhabi, United Arab Emirates
Editors:
Yoav Goldberg, Zornitsa Kozareva, Yue Zhang
Venue:
Findings
SIG:
Publisher:
Association for Computational Linguistics
Note:
Pages:
1933–1940
Language:
URL:
https://aclanthology.org/2022.findings-emnlp.139
DOI:
10.18653/v1/2022.findings-emnlp.139
Bibkey:
Cite (ACL):
Puneet Mathur, Mihir Goyal, Ramit Sawhney, Ritik Mathur, Jochen Leidner, Franck Dernoncourt, and Dinesh Manocha. 2022. DocFin: Multimodal Financial Prediction and Bias Mitigation using Semi-structured Documents. In Findings of the Association for Computational Linguistics: EMNLP 2022, pages 1933–1940, Abu Dhabi, United Arab Emirates. Association for Computational Linguistics.
Cite (Informal):
DocFin: Multimodal Financial Prediction and Bias Mitigation using Semi-structured Documents (Mathur et al., Findings 2022)
Copy Citation:
PDF:
https://aclanthology.org/2022.findings-emnlp.139.pdf
Video:
 https://aclanthology.org/2022.findings-emnlp.139.mp4