About relationship between business text patterns and financial performance in corporate data

Lee, Bangrae; Park, Jun-Hwan; Kwon, Lee-Nam; Moon, Young-Ho; Shin, YoungHo; Kim, GyuSeok; Kim, Hanjoon

doi:10.1186/s40852-018-0080-9

Cited by 10 publications

(6 citation statements)

References 11 publications

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“…Schleicher and Walker (2010) showed that firms with losses use more positive tone in their disclosures compared to firms with earnings which provide a more negative tone. Using sentiment analysis, Lee et al (2018) showed that corporate sales performance is not associated with the style of language in the annual report, in other words, a positive or negative tone.…”

Section: Literature Reviewmentioning

confidence: 99%

The use and trend of emotional language in the banks’ annual reports: the state of the global financial crisis

Elamir

Mousa

2019

Banks and Bank Systems

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This study is of an exploratory nature as it seeks to explore the extent to which the language of emotions in the banks’ annual reports is affected by the global financial crisis (GFC). The language of emotions was analyzed using eight categories (trust, anticipation, sadness, anger, fear, disgust, surprise and joy) in annual reports of 12 listed banks from six countries in the Middle East area (namely, Jordan, Kingdom of Bahrain, United Arab Emirates, Sultanate of Oman, Kuwait, Kingdom of Saudi Arabia) from 2002 to 2017. The final data set consists of 192 bank-year observations. The study time was divided into three periods (pre, during and post GFC). In addition, the study enriches accounting literature by being the first study to test Pollyanna hypothesis using emotion analysis. The results of the study show that the percentage of emotional words in banks’ annual reports (2002–2017) represents almost 22% on average. The trust, anticipation and fear categories were the most affected than other emotional categories during GFC. While the trust category decreased, both the fear and anticipation categories increased. Other findings of the study show that regardless of GFC, emotional words of trust and anticipation categories in banks’ annual reports have dominated the emotional words of the disgust and surprise categories. Therefore, Pollyanna hypothesis is supported. In contrast to the emotional words of the joy category in banks’ annual reports which has not dominated the sadness category. In this case, Pollyanna hypothesis is rejected.

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Section: Literature Reviewmentioning

confidence: 99%

The use and trend of emotional language in the banks’ annual reports: the state of the global financial crisis

Elamir

Mousa

2019

Banks and Bank Systems

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“…However, most research has focused on business process optimization without reflecting the features of the organizational structure and human resources that influence the business process performance [5,6,17,18]. Although some process mining research have been attempted to derive organizational information from event and process logs, only limited organizational information was derived from their analysis since the process log and data model were not designed to support the integrated analysis of business processes and organizational structure simultaneously [7,19,20].…”

Section: Figure 1 Different Executions Of Identical Business Processmentioning

confidence: 99%

Comprehensive Simulation and Redesign System for Business Process and Organizational Structure

et al. 2020

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Even though the extremely uncertain current global business environment requires organizations to change their business processes and organizational structures to adapt to their extremely uncertain and complex environments, existing methodology and system cannot support this problem. This paper presents a comprehensive simulation and redesign system to simulate business processes and organizational structure simultaneously and derive the most process-oriented organizational structure efficiently. The methodology and system suggested in this study can predict the effects of changing business processes and organizational structures through the simulation and derive appropriate and practical organizational structures that execute current processes efficiently through the genetic algorithm. Existing business process researches have the limitations that they rarely have considered the effects of organizational structure on the performance, and this study have outstanding academic contribution in solving the problem systematically using simulation and optimization techniques.

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“…The growth of companies is measured using growth rates of several factors such as sales, employment, assets, capital, and profits [43,[48][49][50][51][52][53][54]. Especially, sales and employment reflect both the short-term and long-term changes of companies and can be a more objective measure of growth [43,55,56]. The relative growth is usually measured as a percentage growth rate [42,57], and this study uses both absolute and relative growth measures.…”

Section: Measurement Of Variablesmentioning

confidence: 99%

The Study on the Difference in Corporate Performance and Employment Outcomes According to the Results of Equity-Based Crowdfunding Investment

Cho

Park

Sung

2019

Journal of Open Innovation: Technology, Market, and Complexity

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The purpose of this study is to identify the difference in firm performance and employment growth between successful and failed capital procurement through equity-based crowdfunding. We conduct an empirical analysis using entire crowdfunding projects that attempted to raise capital through equity-based crowdfunding in South Korea in 2016. We summarize our findings as follows. Descriptive statistics show that the survival rate, sales growth rate, profitability growth, absolute employment growth, and employment growth rate of companies with successful crowdfunding are higher than those of companies with failed crowdfunding. However, from the difference analysis, we do not find a significant difference in the survival rate, sales growth rate, and profitability growth between companies with crowdfunding success and companies with crowdfunding failure. We find that the absolute employment growth and employment growth rate are significantly higher for companies that succeeded in crowdfunding projects compared to companies that did not. In this study, we find that the characteristics of these firms that are conducting or verifying new projects through equity-based crowdfunding financing are similar to those of prior studies results confirming the short-term effects of entrepreneurial activities or new business activities on economic performance and employment growth. In particular, it is very meaningful to confirm that the direct effect of employment growth is also found in start-up firms that raise capital through equity-based crowdfunding. By investigating the difference in firm performance and employment outcomes according to the results of equity-based crowdfunding investment, this study provides useful insights to investors for their efforts to validate participation in crowdfunding. Also, our study raises important policy implications for regulators in their efforts to resolve unemployment and the lack of capital problem for startups and new businesses.

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About relationship between business text patterns and financial performance in corporate data

Cited by 10 publications

References 11 publications

The use and trend of emotional language in the banks’ annual reports: the state of the global financial crisis

The use and trend of emotional language in the banks’ annual reports: the state of the global financial crisis

Comprehensive Simulation and Redesign System for Business Process and Organizational Structure

The Study on the Difference in Corporate Performance and Employment Outcomes According to the Results of Equity-Based Crowdfunding Investment

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