Linked Data for Financial Reporting

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Provided by: RWTH Aachen University
Topic: Data Management
Format: PDF
Recently, uncertainty has dominated global financial markets. Companies are struggling with their balance sheets while Merges and Acquisitions (M&As) happens on a more frequent basis. This calls for highly accurate corporate performance data, which serve as the ground truth for M&A decisions. Conventional financial reporting approach has drawn criticism from both investors and analysts attribute to the inherent complexity, lack of timeliness, and inadequacy of scope. In this paper, the authors try to address these shortcomings with a linked data approach.
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