Our objective of this thesis is to expand the microdata database of publicly available corporate information of the university by web scraping mechanism. The tool for this thesis is a web scraper that can access and concentrate information from websites utilizing a web application as an interface for client connection. In our comprehensive work we have demonstrated that the GRI text files approximately consist of 7227 companies; from the total number of companies the data is filtered with “listed” companies. Among the filtered 2252 companies some do not have income statements data. Hence, we have finally collected data of 2112 companies with 36 different sectors and 13 different countries in this thesis. The publicly available information of income statements between 2016 to 2020 have been collected by GRI of microdata department. Collecting such data from any proprietary database by web scraping may cost more than $ 24000 a year were collecting the same from the public database may cost almost nil, which we will discuss further in our thesis.In our work we are motivated to collect the financial data from the annual financial statement or financial report of the business concerns which can be used for the purpose to measure and investigate the trading costs and changes of securities, common assets, futures, cryptocurrencies, and so forth. Stock exchange, official statements and different business-related news are additionally sources of financial data that individuals will scrape. We are helping those petty investors and students who require financial statements from numerous companies for several years to verify the condition of the economy and finance concerning whether to capitalise or not, which is not possible in a conventional way; hence they use the web scraping mechanism to extract financial statements from diverse websites and make the investment decisions on further research and analysis.Here in this thesis work, we have indicated the outcome of the web scraping is to keep the extracted data in a database. The gathered data of the resulted database can be implemented for the required goal of further research, education, and other purposes with the further use of the web scraping technique.

This study investigates the prediction of firms’ health in terms of bankruptcy and non-bankruptcy based on the sentiments extracted from the earnings calls. Bankruptcy prediction has long been a critical topic in the world of accounting and finance. A firm's economic health is the current financial condition of the firm and is crucial to its stakeholders such as creditors, investors, shareholders, partners, and even customers and suppliers. Various methodologies and strategies have been proposed in research domain for predicting company bankruptcy more promptly and accurately. Conventionally, financial risk prediction has solely been based on historic financial data. However, an increasing number of finance papers also analyze textual data during the last few years. Company’s earnings calls are the key source of information to investigate the current financial condition and how the businesses are doing and what the expectations are for the next quarters. During the call, management offers an overview of recent performance and provide a guidance for the next quarter expectations. The earnings calls summary is provided by the management and can extract the CEO’s sentiments using sentiment analysis. In the last decade, Machine Learnings based techniques have been proposed to achieve accurate predictions of firms’ economic health. Even though most of these techniques work well in a limited context, on a broader perspective these techniques are unable to retrieve the true semantic from the earnings calls, which result in the lower accuracy in predicting the actual condition of firms’ economic health. Thus, state-of-the-art Machine Learnings and Deep Learnings techniques have been used in this thesis to improve accuracy in predicting the firms’ health from the earnings calls. Various machine learnings and deep learnings method have been applied on web-scraped earnings calls data-set, and the results show that LONG SHORT-TERM MEMORY (LSTM) is the best machine learnings technique as compared to the comparison set of models.