Role of Data Visualization in Finance - American Journal of Industrial and Business Management

AJIBM > Vol.13 No.8, August 2023

American Journal of Industrial and Business Management

Volume 13, Issue 8 (August 2023)

ISSN Print: 2164-5167 ISSN Online: 2164-5175

Google-based Impact Factor: 2.08 Citations

Role of Data Visualization in Finance ()

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Download as PDF (Size: 3453KB) PP. 841-856

DOI: 10.4236/ajibm.2023.138047 723 Downloads 5,701 Views Citations

Author(s)

Md. Kamrul Hasan Chy¹, Obed Nana Buadi²

Affiliation(s)

¹Department of Computer Information Systems & Analytics, University of Central Arkansas, Conway, USA.
²Department of Economics and Finance, University of Texas at El Paso, El Paso, USA.

ABSTRACT

Even though data visualization has been gaining momentum in different fields of study, Finance needs to catch up. There still needs to be more use of data visualization tools to communicate with the financial and non-financial users of financial data. Financial data or numbers are sometimes difficult to comprehend, even for the mid-and low-level executives of a firm. In this study, we show how a firm can convey financial information to users by utilizing data visualization tools. While some improvements have been noticeable in filing proxy statements, there is still more room to use graphs and charts in 10-K and annual reports. Firms should use graphs and charts more frequently so that non-financial users can decipher the underlying meaning of numbers within the shortest possible time.

KEYWORDS

Data Visualization. Finance, Financial Statements

Share and Cite:

Chy, M. and Buadi, O. (2023) Role of Data Visualization in Finance. American Journal of Industrial and Business Management, 13, 841-856. doi: 10.4236/ajibm.2023.138047.

Cited by

[1]	Enhancing Financial Data Visualization for Investment Decision-Making
	arXiv preprint arXiv:2403.18822, 2023

[2]	Do Powerful Cfos Affect Investment Efficiency?


[3]	Big Data Security Tools and Management Practices for Cloud Environment


[4]	Data Visualization in Annual Reports–Impacting Investment Decisions
	MM Uddin, R Ullah

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