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Open Access 2021 | Open Access | Book

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From Opinion Mining to Financial Argument Mining

Authors: Chung-Chi Chen, Prof. Hen-Hsen Huang, Hsin-Hsi Chen

Publisher: Springer Singapore

Book Series : SpringerBriefs in Computer Science

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About this book

Opinion mining is a prevalent research issue in many domains. In the financial domain, however, it is still in the early stages. Most of the researches on this topic only focus on the coarse-grained market sentiment analysis, i.e., 2-way classification for bullish/bearish. Thanks to the recent financial technology (FinTech) development, some interdisciplinary researchers start to involve in the in-depth analysis of investors' opinions. These works indicate the trend toward fine-grained opinion mining in the financial domain.

When expressing opinions in finance, terms like bullish/bearish often spring to mind. However, the market sentiment of the financial instrument is just one type of opinion in the financial industry. Like other industries such as manufacturing and textiles, the financial industry also has a large number of products. Financial services are also a major business for many financial companies, especially in the context of the recent FinTech trend. For instance, many commercial banks focus on loans and credit cards. Although there are a variety of issues that could be explored in the financial domain, most researchers in the AI and NLP communities only focus on the market sentiment of the stock or foreign exchange.

This open access book addresses several research issues that can broaden the research topics in the AI community. It also provides an overview of the status quo in fine-grained financial opinion mining to offer insights into the futures goals. For a better understanding of the past and the current research, it also discusses the components of financial opinions one-by-one with the related works and highlights some possible research avenues, providing a research agenda with both micro- and macro-views toward financial opinions.

Table of Contents

Frontmatter

Open Access

Chapter 1. Introduction
Abstract
Financial opinion mining is a branch of traditional opinion mining and sentiment analysis which shares the basic notions of traditional approaches and adds its own domain-specific characteristics. In Sect. 1.1, we start with a common definition of general opinion mining after which we briefly overview traditional research directions.
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen

Open Access

Chapter 2. Modeling Financial Opinions
Abstract
In this chapter we lay out the primary background of a financial opinion and the relation between opinions and financial instruments. Together, these constitute an overall picture of opinion-based market interaction. Following this discussion we propose several research issues. First, in Sect. 2.1, we discuss the components in a financial opinion one by one, as well as potential research directions; we also explain why we need to extract components and estimate their quality (or influence).
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen

Open Access

Chapter 3. Sources and Corpora
Abstract
In this chapter, we focus on the sources of financial opinions; we group these sources by the opinion holders: insiders (Sect. 3.1), professionals (Sect. 3.2), social media users (Sect. 3.3), and journalists (Sect. 3.4). Each opinion holder may have his/her own goals when expressing opinions, resulting in different opinions from unique viewpoints.
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen

Open Access

Chapter 4. Organizing Financial Opinions
Abstract
In Chap. 2, we discuss what we need to extract and understand when analyzing financial opinions. In Chap. 3, we discuss where to find financial opinions. This chapter concerns how to extract and understand the financial opinions in these sources.
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen

Open Access

Chapter 5. Numerals in Financial Narratives
Abstract
Numerals are more common in financial narratives than in documents from other domains, which makes understanding numerals very important when analyzing financial documents. In this chapter, we summarize our work on numerals in financial narratives and share findings from the FinNum shared task series in the 14th and 15th NTCIR Conferences. In Sect. 5.1, we discuss how to understand the meaning of a given numeral, and in Sect. 5.2, we discuss numeral attachment, where we link numerals and named entities. In Sect. 5.3, we show experimental results from downstream tasks that demonstrate the importance of numeral understanding in financial narratives. We conclude by proposing future research directions in Sect. 5.4.
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen

Open Access

Chapter 6. FinTech Applications
Abstract
The Financial Stability Board defines financial technology (FinTech) as “technology-enabled innovation in financial services.” At the 2015 World Economic Forum, experts proposed a taxonomy for financial services that can be classified into six major categories: payments, deposits and lending, market provisioning, capital raising, insurance, and investment management. Because financial opinion mining can be applied to many listed services, we survey various cases in this chapter and show that financial opinion mining is useful and crucial in many financial application scenarios.
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen

Open Access

Chapter 7. Perspectives and Conclusion
Abstract
In this book, we started by describing the components of financial opinions as well as opinion sources in the financial domain. Then, we surveyed options for modeling financial opinions, and discussed in detail one fundamental characteristic of financial narratives: numerals. We also listed numerous applications and research directions. We have thus described financial opinion mining and have provided essential examples to illustrate various concepts. In this final chapter, we organize future directions and summarize the ideas in the book.
Chung-Chi Chen, Hen-Hsen Huang, Hsin-Hsi Chen
Metadata
Title
From Opinion Mining to Financial Argument Mining
Authors
Chung-Chi Chen
Prof. Hen-Hsen Huang
Hsin-Hsi Chen
Copyright Year
2021
Publisher
Springer Singapore
Electronic ISBN
978-981-16-2881-8
Print ISBN
978-981-16-2880-1
DOI
https://doi.org/10.1007/978-981-16-2881-8

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