Machine learning for financial transaction classification across companies using character-level word embeddings of text fields

An important initial step in accounting is mapping financial transfers to the corresponding accounts. We devised machine-learning-based systems that automate this process. They use word embeddings with character-level features to process transaction texts. When considering 473 companies independently, our approach achieved an average top-1 accuracy of 80.50%, outperforming baselines that exclude the transaction texts or rely on a lexical bag-of-words text representation. We extended the approach to generalizes across companies and even across different corporate sectors. After standardization of the account structures and careful feature engineering, a single classifier trained on 44 companies from 28 sectors achieved a test accuracy of more than 80%. When trained on 43 companies and tested on the remaining one, the system achieved an average performance of 64.62%. This rate increased to nearly 70% when considering only the largest sector.     

Managing Earnings with Intercorporate Investments

Abstract:  We explore to what extent firms deliberately manage their financial reports by exploiting the flexibility of generally accepted accounting principles. Using a sample of Oslo Stock Exchange-listed firms with 20–50% equity holdings in other firms, we find that firms with high financial leverage tend to maximize reported earnings from these investments through their choice between the cost method and the equity method, possibly in an attempt to reduce debt renegotiation costs or to avoid regulatory attention. In contrast, managers do not systematically bias reported earnings to extract private benefits or to signal revised expectations about future cash flows. Firms use different earnings management tools in a consistent way, as the earnings effect of the cost/equity choice is not offset by discretionary accruals.     

上市公司利润操纵的经济动机

政府的每一次政策出台都为企业带来了新的生机与动力,但同时也诱导着一些企业进行着利润操 纵,我们应该看到,中国股票市场走过的10年道路中,规范与反规范的争斗从来没有停止过,正是由于 这样,促使我国证券市场不断发展。     

企业财务制度改革有关问题初探

每一次税收的重大改革都伴随着企业会计制度的重大变革：我国企业会计制度的改革经过几十年的改革已基本完善和健全，但实际工作中仍存在许多不足之处。作者总结多年的实际工作经验，提出现代企业财务制度改革的新方法、新思路和新观点。     

信任:基于市场利益协调机制的考察

从市场利益协调机制的角度出发,认为信任是交易中市场主体利益互动的产物,并根据利益协调机制的不同,将市场交易中的信任划分为个别信任与社会信任;进一步考察了社会信任机制的功能,提出塑造社会信任机制的具体措施。     

中外关联方会计准则比较研究

本文主要对我国《企业会计准则——关联方关系及其交易的披露》进行简要的分析与评价,并进行了国际比较,对其存在的优势与不足提出看法和建议。     

公共产品供给主体及边界确定的交易费用经济学分析——兼论我国公共产品供给过程中交易费用的计量

将新制度经济学中交易费用理论引入公共产品供给分析,给出了供给公共产品的主体确定的理论模型,并在威廉姆森范式扩展的基础上得出了各个主体的边界,认为最优公共产品供给方式的选择和主体边界的确定,取决于公共产品供给过程中发生的交易费用.测算了中国公私部门供给公共产品过程中存在的交易费用,发现就我国公共产品的供给而言,在一定的条件下将公共产品供给由政府部门交给私人部门与第三部门可以节约交易费用,提高公共产品供给的效率.     

对网络环境下图书馆编目工作的再认识

本文对网络环境下编目工作发展的新形势、新理念进行了介绍与分析,并提出要建立新的编目工作体系以适应不断更新的新技术发展的要求。     

提高我国注册会计师审计独立性的对策探讨

注册会计师只有在审计过程中真正做到客观独立,才能保证审计信息的可信性,从而树立起职业声誉,体现其社会价值.提高我国注册会计师审计独立性应从完善注册会计师的委托聘约机制、明确注册会计师的法律责任、规范会计师事务所的组织形式、提高注册会计师的自身素质、健全注册会计师的外部监管机制、优化执业环境等方面入手.     

How local leaders matter: Inter-provincial leadership transfers and land transactions in China

We study how local leaders matter for economic growth by examining the impacts of exogenous transfers of leaders across China’s provinces on land transactions in the primary market. We find that new provincial leaders attract investment in industrial land from the provinces of their previous positions. The leaders’ impacts are greater when their freedom to deploy their business connections in the land market is greater. More importantly, we find evidence of positive impacts of land transactions on economic growth, which should bode well for the careers of the local leaders, albeit there is some evidence of rent seeking among officials especially when they are too old for further promotion.