Cross-Language Sentiment Analysis in Finance: Mapping English to French with Wordnet

27 Pages Posted: 16 Jul 2022

See all articles by Karol Marek Klimczak

Karol Marek Klimczak

Lodz University of Technology

Jan Makary Fryczak

Lodz University of Technology

Dominika Fijalkowska

Wroclaw University of Economics

Justyna Fijałkowska

University of Social Sciences, Poland,

Abstract

This paper presents a novel technique to perform multilingual sentiment classification of financial documents drawing on methods from computational linguistics. The challenge is to efficiently analyze large volumes of text produced by corporations and companies in various languages to find features relevant for training machine learning algorythms. We use Open Multilingual WordNet, a large lexicon organizing words into semantic groups, called synsets, in more than 200 languages, as the basis for automatically translating sentiment words from English to other languages. We present experiments using a parallel English-French corpus of corporate annual reports. Results support the equivalence of measures across the two languages, showing consistent identification of positive and negative texts. We provide a detailed account of the method so that it can be extended to other languages and applied in machine learning.

Keywords: Financial Reporting, Business Communication, textual analysis, Machine Learning

Suggested Citation

Klimczak, Karol Marek and Fryczak, Jan Makary and Fijalkowska, Dominika and Fijałkowska, Justyna, Cross-Language Sentiment Analysis in Finance: Mapping English to French with Wordnet. Available at SSRN: https://ssrn.com/abstract=4164806

Karol Marek Klimczak (Contact Author)

Lodz University of Technology ( email )

Poland

Jan Makary Fryczak

Lodz University of Technology ( email )

Zeromskiego 116
Lodz, 90-924
Poland

Dominika Fijalkowska

Wroclaw University of Economics ( email )

Komandorska 118/120
Wrocław, 53-345
Poland

Justyna Fijałkowska

University of Social Sciences, Poland, ( email )

Lodz
Poland

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