Fine-tuning Language Models for Predicting the Impact of Events Associated to Financial News Articles

Neelabha Banerjee, Anubhav Sarkar, Swagata Chakraborty, Sohom Ghosh, Sudip Kumar Naskar


Abstract
Investors and other stakeholders like consumers and employees, increasingly consider ESG factors when making decisions about investments or engaging with companies. Taking into account the importance of ESG today, FinNLP-KDF introduced the ML-ESG-3 shared task, which seeks to determine the duration of the impact of financial news articles in four languages - English, French, Korean, and Japanese. This paper describes our team, LIPI’s approach towards solving the above-mentioned task. Our final systems consist of translation, paraphrasing and fine-tuning language models like BERT, Fin-BERT and RoBERTa for classification. We ranked first in the impact duration prediction subtask for French language.
Anthology ID:
2024.finnlp-1.25
Volume:
Proceedings of the Joint Workshop of the 7th Financial Technology and Natural Language Processing, the 5th Knowledge Discovery from Unstructured Data in Financial Services, and the 4th Workshop on Economics and Natural Language Processing
Month:
May
Year:
2024
Address:
Torino, Italia
Editors:
Chung-Chi Chen, Xiaomo Liu, Udo Hahn, Armineh Nourbakhsh, Zhiqiang Ma, Charese Smiley, Veronique Hoste, Sanjiv Ranjan Das, Manling Li, Mohammad Ghassemi, Hen-Hsen Huang, Hiroya Takamura, Hsin-Hsi Chen
Venue:
FinNLP
SIG:
Publisher:
Association for Computational Linguistics
Note:
Pages:
244–247
Language:
URL:
https://aclanthology.org/2024.finnlp-1.25
DOI:
Bibkey:
Cite (ACL):
Neelabha Banerjee, Anubhav Sarkar, Swagata Chakraborty, Sohom Ghosh, and Sudip Kumar Naskar. 2024. Fine-tuning Language Models for Predicting the Impact of Events Associated to Financial News Articles. In Proceedings of the Joint Workshop of the 7th Financial Technology and Natural Language Processing, the 5th Knowledge Discovery from Unstructured Data in Financial Services, and the 4th Workshop on Economics and Natural Language Processing, pages 244–247, Torino, Italia. Association for Computational Linguistics.
Cite (Informal):
Fine-tuning Language Models for Predicting the Impact of Events Associated to Financial News Articles (Banerjee et al., FinNLP 2024)
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PDF:
https://preview.aclanthology.org/nschneid-patch-4/2024.finnlp-1.25.pdf