Lee, Gene Moo; Naughton, James P.; Zheng, Xin; Zhou, Dexin - 2020
We demonstrate the value of machine learning in accounting through a detailed examination of litigation risk, an … prediction of litigation risk, with hourglass-shaped and convolutional neural networks the most effective. The improvements are … substantial, and are driven by increased precision, the most salient attribute of litigation estimates in the accounting …