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Mike Zhang

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3 published item(s)

preprint2026arXiv

Effective Performance Measurement: Challenges and Opportunities in KPI Extraction from Earnings Calls

Earnings calls are a key source of financial information about public companies. However, extracting information from these calls is difficult. Unlike the templatic filings required by the U.S. Securities and Exchange Commission (SEC) to report a company's financial situation, earnings conference calls have no built-in labels, are unstructured, and feature conversational language. We explore this challenging domain by assessing the information captured by models trained on SEC filings and in-context learning methods. To establish a baseline, we first evaluate the generalization capabilities of SEC-trained models across established SEC datasets. To support our investigation, we introduce three novel benchmarks: (1) SEC Filings Benchmark (SECB), (2) Earnings Calls Benchmark (ECB), and ECB-A, a subset with 2,460 expert annotation groups to support our qualitative analysis. We find that encoder-based models struggle with the domain shift. Finally, we propose a system utilizing LLMs to perform open-ended extraction from unstructured call transcripts, verified by human evaluation (79.7% precision), providing a baseline for this valuable domain through the consistent tracking of emergent KPIs.

preprint2022arXiv

Cartography Active Learning

We propose Cartography Active Learning (CAL), a novel Active Learning (AL) algorithm that exploits the behavior of the model on individual instances during training as a proxy to find the most informative instances for labeling. CAL is inspired by data maps, which were recently proposed to derive insights into dataset quality (Swayamdipta et al., 2020). We compare our method on popular text classification tasks to commonly used AL strategies, which instead rely on post-training behavior. We demonstrate that CAL is competitive to other common AL methods, showing that training dynamics derived from small seed data can be successfully used for AL. We provide insights into our new AL method by analyzing batch-level statistics utilizing the data maps. Our results further show that CAL results in a more data-efficient learning strategy, achieving comparable or better results with considerably less training data.

preprint2022arXiv

SkillSpan: Hard and Soft Skill Extraction from English Job Postings

Skill Extraction (SE) is an important and widely-studied task useful to gain insights into labor market dynamics. However, there is a lacuna of datasets and annotation guidelines; available datasets are few and contain crowd-sourced labels on the span-level or labels from a predefined skill inventory. To address this gap, we introduce SKILLSPAN, a novel SE dataset consisting of 14.5K sentences and over 12.5K annotated spans. We release its respective guidelines created over three different sources annotated for hard and soft skills by domain experts. We introduce a BERT baseline (Devlin et al., 2019). To improve upon this baseline, we experiment with language models that are optimized for long spans (Joshi et al., 2020; Beltagy et al., 2020), continuous pre-training on the job posting domain (Han and Eisenstein, 2019; Gururangan et al., 2020), and multi-task learning (Caruana, 1997). Our results show that the domain-adapted models significantly outperform their non-adapted counterparts, and single-task outperforms multi-task learning.