Integration of Artificial Intelligence in Market Analysis to Address Socioeconomic Disparities in Investment Decisions
DOI:
https://doi.org/10.57125/FS.2023.12.20.6Keywords:
artificial intelligence, financial market, investments, watchwords, financial businessAbstract
This study presents an investigation into the impact that artificial intelligence (AI) has had on market analysis and its role in reducing socioeconomic gaps. To address this research purpose, we examined how often Ukrainian listed banks disclosed artificial intelligence in their annual reports and whether these disclosures were associated with an investment decision-making element in 130 annual reports from fifteen Ukrainian listed banks from 2014 to 2022.
Method: AI disclosures were coded thematically (qualitative) and analyzed to classify relevant categories of AI terms. Regression models were used (quantitative) to examine associations between AI vocabulary and outcomes regarding opportunities, issues, and financial performance indicators. The number of AI disclosures soared from 3% in 2014 to 27% by 2022. Additionally, a strong correlation was found between AI references and opportunities (0.24).
This research underscores the importance of cooperation among regulators, financial institutions, and AI practitioners to ensure ethical AI practices are integrated into finance. It also highlights the necessity of well-defined laws and the apt use of AI to ensure that benefits are fully realized and threats are mitigated.
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