In the financial sector,alternatives to traditional datasets,such as financial statements and Securities and Exchange Commission filings,can provide additional ways to describe the running status of businesses.Nontrad...In the financial sector,alternatives to traditional datasets,such as financial statements and Securities and Exchange Commission filings,can provide additional ways to describe the running status of businesses.Nontraditional data sources include individual behaviors,business processes,and various sensors.In recent years,alternative data have been leveraged by businesses and investors to adjust credit scores,mitigate financial fraud,and optimize investment portfolios because they can be used to conduct more in-depth,comprehensive,and timely evaluations of enterprises.Adopting alternative data in developing models for finance and business scenarios has become increasingly popular in academia.In this article,we first identify the advantages of alternative data compared with traditional data,such as having multiple sources,heterogeneity,flexibility,objectivity,and constant evolution.We then provide an overall investigation of emerging studies to outline the various types,emerging applications,and effects of alternative data in finance and business by reviewing over 100 papers published from 2015 to 2023.The investigation is implemented according to application scenarios,including business return prediction,business risk management,credit evaluation,investment risk prediction,and stock prediction.We discuss the roles of alternative data from the perspective of finance theory to argue that alternative data have the potential to serve as a bridge toward achieving high efficiency in financial markets.The challenges and future trends of alternative data in finance and business are also discussed.展开更多
By the end of 2013, Chinese large-scaled commercial banks have basically completed the construction of IT banking system, in order to provide technical guarantee of deepening business operation and operation managemen...By the end of 2013, Chinese large-scaled commercial banks have basically completed the construction of IT banking system, in order to provide technical guarantee of deepening business operation and operation management reform. This indicates that our national banking industry information technology has been in a new level. This paper, based on the operation principle of commercial bank safety, liquidity and profitability, makes research on improving commercial banking profit data timeliness, accuracy, integrity and realizing daily accounting profit. According to survey, the four big banks have proposed the prospect of 2013 full scope implementing daily accounting profit. Thus, this paper, based on the profit accounting status of four big banks of data center, analyzes the feasibility of daily accounting profit and puts forward the relevant solutions.展开更多
Commercial data and intellectual property(IP)rights cover similar objects,sharing a consistent theoretical foundation and compatible institutional goals.This suggests the IP system is potentially adaptable for protect...Commercial data and intellectual property(IP)rights cover similar objects,sharing a consistent theoretical foundation and compatible institutional goals.This suggests the IP system is potentially adaptable for protecting commercial data.However,unlike the type-based objects of IP,commercial data demonstrates distinct characteristics in terms of property form,interest appeals,and value connotations.These differences pose difficulties in applying the current IP system to the protection of commercial data,necessitating a new institutional approach.Nevertheless,to improve the legal protection for commercial data,principles from established IP doctrines and regulatory designs can be adapted,including incentivizing property rights,facilitating market circulation,unlocking data's value as a production factor,and balancing competing interests.展开更多
基金sponsored by the National Natural Science Foundation of China(72371032)the National Key Research and Development Program of China(2023YFC3305401).
文摘In the financial sector,alternatives to traditional datasets,such as financial statements and Securities and Exchange Commission filings,can provide additional ways to describe the running status of businesses.Nontraditional data sources include individual behaviors,business processes,and various sensors.In recent years,alternative data have been leveraged by businesses and investors to adjust credit scores,mitigate financial fraud,and optimize investment portfolios because they can be used to conduct more in-depth,comprehensive,and timely evaluations of enterprises.Adopting alternative data in developing models for finance and business scenarios has become increasingly popular in academia.In this article,we first identify the advantages of alternative data compared with traditional data,such as having multiple sources,heterogeneity,flexibility,objectivity,and constant evolution.We then provide an overall investigation of emerging studies to outline the various types,emerging applications,and effects of alternative data in finance and business by reviewing over 100 papers published from 2015 to 2023.The investigation is implemented according to application scenarios,including business return prediction,business risk management,credit evaluation,investment risk prediction,and stock prediction.We discuss the roles of alternative data from the perspective of finance theory to argue that alternative data have the potential to serve as a bridge toward achieving high efficiency in financial markets.The challenges and future trends of alternative data in finance and business are also discussed.
文摘By the end of 2013, Chinese large-scaled commercial banks have basically completed the construction of IT banking system, in order to provide technical guarantee of deepening business operation and operation management reform. This indicates that our national banking industry information technology has been in a new level. This paper, based on the operation principle of commercial bank safety, liquidity and profitability, makes research on improving commercial banking profit data timeliness, accuracy, integrity and realizing daily accounting profit. According to survey, the four big banks have proposed the prospect of 2013 full scope implementing daily accounting profit. Thus, this paper, based on the profit accounting status of four big banks of data center, analyzes the feasibility of daily accounting profit and puts forward the relevant solutions.
基金research outcome of the Major Project"Research on the Issues of Intellectual Property Rights in the Public Domain under the Strategy of Innovation-Driven Development"(Program No.17ZDA139)sponsored by the Chinese National Social Science Fund。
文摘Commercial data and intellectual property(IP)rights cover similar objects,sharing a consistent theoretical foundation and compatible institutional goals.This suggests the IP system is potentially adaptable for protecting commercial data.However,unlike the type-based objects of IP,commercial data demonstrates distinct characteristics in terms of property form,interest appeals,and value connotations.These differences pose difficulties in applying the current IP system to the protection of commercial data,necessitating a new institutional approach.Nevertheless,to improve the legal protection for commercial data,principles from established IP doctrines and regulatory designs can be adapted,including incentivizing property rights,facilitating market circulation,unlocking data's value as a production factor,and balancing competing interests.
