Transforming corporate finance and advisory services with machine learning applications in risk management
1 Global Commercial Operations, Amgen Inc., California, USA.
2 Kenan-Flagler Business School, University of North Carolina, North Carolina, USA.
3 Department of Business Administration, University of Virginia, Virginia, USA.
4 Department of Computer Science, Austin Peay State University, Tennessee, USA.
5 Department of Management Information Systems, Lamar University, Texas, USA.
Review Article
GSC Advanced Research and Reviews, 2025, 22(02), 094-103.
Article DOI: 10.30574/gscarr.2025.22.2.0044
Publication history:
Received on 24 December 2024; revised on 08 February 2025; accepted on 11 February 2025
Abstract:
The application of machine learning (ML) in corporate finance and advisory services has revolutionized traditional methodologies, particularly in the domain of risk management. This review paper explores how ML techniques enhance risk assessment, predictive modeling, and decision-making processes, offering increased precision, scalability, and efficiency. By leveraging ML algorithms, organizations can uncover hidden patterns in data, enabling proactive identification and mitigation of potential risks. Furthermore, the integration of real-time analytics and advanced computational methods allows firms to respond dynamically to evolving financial environments. The paper evaluates current trends, challenges, and future directions, emphasizing the critical role of data quality, ethical considerations, and integration strategies in ensuring successful implementation. It highlights the transformative potential of ML in redefining risk management paradigms and advancing the corporate finance landscape, thereby contributing to more resilient and adaptive financial systems.
Keywords:
Corporate Finance; Machine Learning; Risk Management; Artificial Intelligence; Automation
Full text article in PDF:
Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
