Enterprise Information Mining of Corporate Adaptive Behavior Impacting on Business Performance under Drastic Changing Social Environment

Abstract

In the midst of changes in the social environment, there are companies that adapt well to the changes and increase their business performance and that can’t adapt to the changes and suffer from poor performance. This is especially true in times of major discontinuous changes in the social environment such as Covid-19 pandemic. It is important to clarify the differences in corporate behavior and their impact on corporate performance in times of discontinuous changes in the social environment. We will collect the disclosure materials of all listed companies in XBRL format, which is considered to be suitable for machine processing, and extract the financial performance information and text information necessary for analysis as basic data from them, taking into account the differences in accounting standards. From the financial performance information, a group of companies that show different performance trends from other companies in each industry can be extracted, and corporate adaptive behavior can be estimated from the text information part of the companies. The effectiveness of this method was confirmed by applying it to multiple industries.