Artificial Intelligence in Corporate Financial Communication
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Abstract
Financial reporting was enhanced by Artificial Intelligence (AI), which served as a communication channel enabling investors to make informed investment decisions. Financial reports acted as a window through which investors assessed the financial performance of an organization. AI had become a transformative force in corporate financial communication, reshaping how organizations collected, analyzed, and disseminated financial information. Financial reporting, which served as a vital communication tool between companies and investors, was increasingly strengthened by AI to ensure accuracy, timeliness, and transparency. Technologies such as Machine Learning (ML), Natural Language Processing (NLP), and Robotic Process Automation (RPA) had emerged as powerful tools that enhanced the efficiency and reliability of financial reporting and investor relations. The objective of this study was to examine the impact of AI on corporate financial communication, emphasizing its role in improving financial reporting quality, investor engagement, and decision-making. The study adopted a qualitative research design and employed a systematic review of relevant literature, including peer-reviewed journal articles, industry publications, and case studies that explored the application of AI in financial management and communication. Data was analyzed thematically to identify the major trends, opportunities, and challenges associated with AI adoption in financial reporting. The study provided insights into how AI technologies could be effectively integrated into financial communication practices while maintaining ethical standards, data transparency, and human oversight.
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Okonkwo Doris Ngozi, Oreoluwa Blessing Omojola, Daga Dogara James, & Adeniyi Akinwumi John. (2026). Artificial Intelligence in Corporate Financial Communication. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 6(1), 13-31. Retrieved from https://mail.biarjournal.com/index.php/economit/article/view/1472
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References
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Anand, A., D'Souza, J., & Hasan, I. (2022). The impact of artificial intelligence on financial reporting quality. Journal of Corporate Finance, 74, 102–118. https://doi.org/10.1016/j.jcorpfin.2021.102118
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Aondover, T. A. (2025). The impact of Company Income Tax and Petroleum Profit Tax on the profitability of listed oil and gas firms in Nigeria. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 5(1), 34-43.
Blankespoor, E., deHaan, E., & Zhu, C. (2020). Capital market effects of media synthesis: Evidence from robo-journalism. Review of Accounting Studies, 25(2), 531-566.
Blankespoor, E., deHaan, E., & Zhu, C. (2020). Capital market effects of media synthesis: Evidence from robo-journalism. Review of Accounting Studies, 25(2), 531–566. https://doi.org/10.1007/s11142-019-09530-2
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Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77–101. https://doi.org/10.1191/1478088706qp063oa
Cao, M., Chychyla, R., & Stewart, T. (2019). Big data analytics in financial statement audits. Accounting Horizons, 33(2), 123-139.
Cao, M., Chychyla, R., & Stewart, T. (2019). Big data analytics in financial statement audits. Accounting Horizons, 33(2), 123–139. https://doi.org/10.2308/acch-52336
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Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches. Sage publications.
Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). Sage publications.
Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance. Journal of Information Systems, 31(3), 5-21.
Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance. Journal of Information Systems, 31(3), 5–21. https://doi.org/10.2308/isys-51703
Davenport, T. H., & Ronanki, R. (2018). Artificial intelligence for the real world. Harvard Business Review, 96(1), 108-116.
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García-Sánchez, I. M., Rodríguez-Domínguez, L., & Frías-Aceituno, J. V. (2020). Impact of institutional context on corporate financial communication. Journal of Business Ethics, 165(4), 695–711. https://doi.org/10.1007/s10551-019-04166-2
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Kou, G., Peng, Y., & Wang, G. (2021). Evaluation of feature selection methods for text classification with small datasets using multiple criteria decision-making methods. Applied Soft Computing, 100, 106938. https://doi.org/10.1016/j.asoc.2020.106938
Lazonick, W. (2014). Profits without prosperity. Harvard Business Review, 92(9), 46-55.
Lazonick, W. (2014). Profits without prosperity. Harvard Business Review, 92(9), 46–55.
Lee, L. F., Hutton, A. P., & Shu, S. (2017). The role of social media in the capital market: Evidence from consumer product recalls. Journal of Accounting Research, 55(5), 1157-1190.
Lee, L. F., Hutton, A. P., & Shu, S. (2017). The role of social media in the capital market: Evidence from consumer product recalls. Journal of Accounting Research, 55(5), 1157–1190. https://doi.org/10.1111/1475-679X.12171
Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54(4), 1187-1230.
Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54(4), 1187–1230. https://doi.org/10.1111/1475-679X.12123
Marston, C. (2003). Financial reporting on the internet by leading Japanese companies. Corporate Communications: An International Journal, 8(1), 23-34.
Marston, C. (2003). Financial reporting on the internet by leading Japanese companies. Corporate Communications: An International Journal, 8(1), 23–34. https://doi.org/10.1108/13563280310463562
Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355-374.
Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010
Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571-610.
Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571–610. https://doi.org/10.5465/amr.1995.9508080331
Sun, J., Jia, J., & Xiong, H. (2020). Financial distress prediction using support vector machines: Ensemble vs. individual. Applied Soft Computing, 89, 106112.
Sun, J., Jia, J., & Xiong, H. (2020). Financial distress prediction using support vector machines: Ensemble vs. individual. Applied Soft Computing, 89, 106112. https://doi.org/10.1016/j.asoc.2020.106112
Tang, Q., & Yang, Y. (2020). The influence of artificial intelligence on accounting and auditing. Journal of Emerging Technologies in Accounting, 17(1), 1-15.
Tang, Q., & Yang, Y. (2020). The influence of artificial intelligence on accounting and auditing. Journal of Emerging Technologies in Accounting, 17(1), 1–15. https://doi.org/10.2308/jeta-52601
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207-222.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207–222. https://doi.org/10.1111/1467-8551.00375
Willcocks, L. P., Lacity, M. C., & Craig, A. (2021). Robotic process automation: Strategic transformation lever for global business services? Journal of Information Technology, 36(2), 155-171.
Willcocks, L. P., Lacity, M. C., & Craig, A. (2021). Robotic process automation: Strategic transformation lever for global business services? Journal of Information Technology, 36(2), 155–171. https://doi.org/10.1177/0268396220957492.
Anand, A., D'Souza, J., & Hasan, I. (2022). The impact of artificial intelligence on financial reporting quality. Journal of Corporate Finance, 74, 102–118. https://doi.org/10.1016/j.jcorpfin.2021.102118
Aondover, T. A. (2025). Hydrocarbon tax and profitability of listed oil and gas firms in Nigeria. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 5(3), 179-193.
Aondover, T. A. (2025). Impact of Auditor Independence on Audit Quality of Listed Insurance Companies in Nigeria. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 5(2), 73-84.
Aondover, T. A. (2025). Role of Auditor Independence in Enhancing Audit Quality: Evidence from Nigeria’s Insurance Sector. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 5(1), 44-56.
Aondover, T. A. (2025). The impact of Company Income Tax and Petroleum Profit Tax on the profitability of listed oil and gas firms in Nigeria. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 5(1), 34-43.
Blankespoor, E., deHaan, E., & Zhu, C. (2020). Capital market effects of media synthesis: Evidence from robo-journalism. Review of Accounting Studies, 25(2), 531-566.
Blankespoor, E., deHaan, E., & Zhu, C. (2020). Capital market effects of media synthesis: Evidence from robo-journalism. Review of Accounting Studies, 25(2), 531–566. https://doi.org/10.1007/s11142-019-09530-2
Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77-101.
Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77–101. https://doi.org/10.1191/1478088706qp063oa
Cao, M., Chychyla, R., & Stewart, T. (2019). Big data analytics in financial statement audits. Accounting Horizons, 33(2), 123-139.
Cao, M., Chychyla, R., & Stewart, T. (2019). Big data analytics in financial statement audits. Accounting Horizons, 33(2), 123–139. https://doi.org/10.2308/acch-52336
Cite all the references
Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches. Sage publications.
Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). Sage publications.
Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance. Journal of Information Systems, 31(3), 5-21.
Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance. Journal of Information Systems, 31(3), 5–21. https://doi.org/10.2308/isys-51703
Davenport, T. H., & Ronanki, R. (2018). Artificial intelligence for the real world. Harvard Business Review, 96(1), 108-116.
Davenport, T. H., & Ronanki, R. (2018). Artificial intelligence for the real world. Harvard Business Review, 96(1), 108–116.
Debreceny, R., Farewell, S., Piechocki, M., Felden, C., & Gräning, A. (2005). Does it add up? Early evidence on the data quality of XBRL filings to the SEC. Journal of Accounting and Public Policy, 24(2), 173-191.
Debreceny, R., Farewell, S., Piechocki, M., Felden, C., & Gräning, A. (2005). Does it add up? Early evidence on the data quality of XBRL filings to the SEC. Journal of Accounting and Public Policy, 24(2), 173–191. https://doi.org/10.1016/j.jaccpubpol.2005.01.006
Dinh, T., & Tripe, D. (2021). The impact of artificial intelligence on financial reporting timeliness. Journal of Financial Reporting, 6(1), 1-22.
Dinh, T., & Tripe, D. (2021). The impact of artificial intelligence on financial reporting timeliness. Journal of Financial Reporting, 6(1), 1–22. https://doi.org/10.2308/jfr-52685
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
García-Sánchez, I. M., Rodríguez-Domínguez, L., & Frías-Aceituno, J. V. (2020). Impact of institutional context on corporate financial communication. Journal of Business Ethics, 165(4), 695-711.
García-Sánchez, I. M., Rodríguez-Domínguez, L., & Frías-Aceituno, J. V. (2020). Impact of institutional context on corporate financial communication. Journal of Business Ethics, 165(4), 695–711. https://doi.org/10.1007/s10551-019-04166-2
Healy, P. M., & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1-3), 405-440.
Healy, P. M., & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1–3), 405–440. https://doi.org/10.1016/S0165-4101(01)00018-0
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Kou, G., Peng, Y., & Wang, G. (2021). Evaluation of feature selection methods for text classification with small datasets using multiple criteria decision-making methods. Applied Soft Computing, 100, 106938.
Kou, G., Peng, Y., & Wang, G. (2021). Evaluation of feature selection methods for text classification with small datasets using multiple criteria decision-making methods. Applied Soft Computing, 100, 106938. https://doi.org/10.1016/j.asoc.2020.106938
Lazonick, W. (2014). Profits without prosperity. Harvard Business Review, 92(9), 46-55.
Lazonick, W. (2014). Profits without prosperity. Harvard Business Review, 92(9), 46–55.
Lee, L. F., Hutton, A. P., & Shu, S. (2017). The role of social media in the capital market: Evidence from consumer product recalls. Journal of Accounting Research, 55(5), 1157-1190.
Lee, L. F., Hutton, A. P., & Shu, S. (2017). The role of social media in the capital market: Evidence from consumer product recalls. Journal of Accounting Research, 55(5), 1157–1190. https://doi.org/10.1111/1475-679X.12171
Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54(4), 1187-1230.
Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54(4), 1187–1230. https://doi.org/10.1111/1475-679X.12123
Marston, C. (2003). Financial reporting on the internet by leading Japanese companies. Corporate Communications: An International Journal, 8(1), 23-34.
Marston, C. (2003). Financial reporting on the internet by leading Japanese companies. Corporate Communications: An International Journal, 8(1), 23–34. https://doi.org/10.1108/13563280310463562
Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355-374.
Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010
Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571-610.
Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571–610. https://doi.org/10.5465/amr.1995.9508080331
Sun, J., Jia, J., & Xiong, H. (2020). Financial distress prediction using support vector machines: Ensemble vs. individual. Applied Soft Computing, 89, 106112.
Sun, J., Jia, J., & Xiong, H. (2020). Financial distress prediction using support vector machines: Ensemble vs. individual. Applied Soft Computing, 89, 106112. https://doi.org/10.1016/j.asoc.2020.106112
Tang, Q., & Yang, Y. (2020). The influence of artificial intelligence on accounting and auditing. Journal of Emerging Technologies in Accounting, 17(1), 1-15.
Tang, Q., & Yang, Y. (2020). The influence of artificial intelligence on accounting and auditing. Journal of Emerging Technologies in Accounting, 17(1), 1–15. https://doi.org/10.2308/jeta-52601
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207-222.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207–222. https://doi.org/10.1111/1467-8551.00375
Willcocks, L. P., Lacity, M. C., & Craig, A. (2021). Robotic process automation: Strategic transformation lever for global business services? Journal of Information Technology, 36(2), 155-171.
Willcocks, L. P., Lacity, M. C., & Craig, A. (2021). Robotic process automation: Strategic transformation lever for global business services? Journal of Information Technology, 36(2), 155–171. https://doi.org/10.1177/0268396220957492.