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Detecting Environmental, Social and Governance (ESG) Topics Using Domain-Specific Language Models and Data Augmentation
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Despite recent advances in deep learning-based language modelling, many natural language processing (NLP) tasks in the financial domain remain challenging due to the paucity of appropriately labelled data. Other issues that can limit task performance are differences in word distribution between the general corpora – typically used to pre-train language models – and financial corpora, which often exhibit specialized language and symbology. Here, we investigate two approaches that can help to mitigate these issues. Firstly, we experiment with further language model pre-training using large amounts of in-domain data from business and financial news. We then apply augmentation approaches to increase the size of our data-set for model fine-tuning. We report our findings on an Environmental, Social and Governance (ESG) controversies data-set and demonstrate that both approaches are beneficial to accuracy in classification tasks.
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Nugent, Tim; Stelea, Nicole; Leidner, Jochen L. (2021): Detecting Environmental, Social and Governance (ESG) Topics Using Domain-Specific Language Models and Data Augmentation. Proceedings of the 14th International Conference on Flexible Query Answering Systems (FQAS 2021), Bratislava, Slovakia, September 19–24, 2021, S. 157-169. DOI: 10.1007/978-3-030-86967-0_12
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The website of Coburg University of Applied Sciences was translated using translation software provided by a third-party provider such as DeepL. The official text is the German version of the website. No liability is assumed, either explicitly or implicitly, for the accuracy, reliability, or correctness of the translations into another language.

Detecting Environmental, Social and Governance (ESG) Topics Using Domain-Specific Language Models and Data Augmentation

Despite recent advances in deep learning-based language modelling, many natural language processing (NLP) tasks in the financial domain remain challenging due to the paucity of appropriately labelled data. Other issues that can limit task performance are differences in word distribution between the general corpora – typically used to pre-train language models – and financial corpora, which often exhibit specialized language and symbology. Here, we investigate two approaches that can help to mitigate these issues. Firstly, we experiment with further language model pre-training using large amounts of in-domain data from business and financial news. We then apply augmentation approaches to increase the size of our data-set for model fine-tuning. We report our findings on an Environmental, Social and Governance (ESG) controversies data-set and demonstrate that both approaches are beneficial to accuracy in classification tasks.

Titel:

Detecting Environmental, Social and Governance (ESG) Topics Using Domain-Specific Language Models and Data Augmentation

Veröffentlichungsdatum:

16.09.2021

Publikationsart:

Beitrag zu wissenschaftlicher Konferenz/Tagung

Forschungsschwerpunkt:

kein FSP zugeordnet

Medien:

Proceedings of the 14th International Conference on Flexible Query Answering Systems (FQAS 2021), Bratislava, Slovakia, September 19–24, 2021

DOI:

Weblink:

Heft:

Band:

Artikelnummer:

ISBN:

978-3-030-86966-3

Autoren:

Tim Nugent, Nicole Stelea, Jochen Leidner

Medien:

Proceedings of the 14th International Conference on Flexible Query Answering Systems (FQAS 2021), Bratislava, Slovakia, September 19–24, 2021

Herausgeber:

Springer Nature

Seiten:

157-169

Open Access:

Peer reviewed:

Ja

Zitierung:

Nugent, Tim; Stelea, Nicole; Leidner, Jochen L. (2021): Detecting Environmental, Social and Governance (ESG) Topics Using Domain-Specific Language Models and Data Augmentation. Proceedings of the 14th International Conference on Flexible Query Answering Systems (FQAS 2021), Bratislava, Slovakia, September 19–24, 2021, S. 157-169. DOI: 10.1007/978-3-030-86967-0_12

Autoren:

Tim Nugent, Nicole Stelea, Jochen Leidner