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Main Authors: Dou, Shaoyu, Shen, Yutian, Chen, Mofan, Wang, Zixuan, Xu, Jiajie, Guo, Qi, Shao, Kailai, Chen, Chao, Hu, Haixiang, Shi, Haibo, Min, Min, Zhang, Liwen
Format: Preprint
Published: 2025
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Online Access:https://arxiv.org/abs/2506.21591
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author Dou, Shaoyu
Shen, Yutian
Chen, Mofan
Wang, Zixuan
Xu, Jiajie
Guo, Qi
Shao, Kailai
Chen, Chao
Hu, Haixiang
Shi, Haibo
Min, Min
Zhang, Liwen
author_facet Dou, Shaoyu
Shen, Yutian
Chen, Mofan
Wang, Zixuan
Xu, Jiajie
Guo, Qi
Shao, Kailai
Chen, Chao
Hu, Haixiang
Shi, Haibo
Min, Min
Zhang, Liwen
contents Large Language Models (LLMs) demonstrate significant potential but face challenges in complex financial reasoning tasks requiring both domain knowledge and sophisticated reasoning. Current evaluation benchmarks often fall short by not decoupling these capabilities indicators from single task performance and lack root cause analysis for task failure. To address this, we introduce FinEval-KR, a novel evaluation framework for decoupling and quantifying LLMs' knowledge and reasoning abilities independently, proposing distinct knowledge score and reasoning score metrics. Inspired by cognitive science, we further propose a cognitive score based on Bloom's taxonomy to analyze capabilities in reasoning tasks across different cognitive levels. We also release a new open-source Chinese financial reasoning dataset covering 22 subfields to support reproducible research and further advancements in financial reasoning. Our experimental results reveal that LLM reasoning ability and higher-order cognitive ability are the core factors influencing reasoning accuracy. We also specifically find that even top models still face a bottleneck with knowledge application. Furthermore, our analysis shows that specialized financial LLMs generally lag behind the top general large models across multiple metrics.
format Preprint
id arxiv_https___arxiv_org_abs_2506_21591
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle FinEval-KR: A Financial Domain Evaluation Framework for Large Language Models' Knowledge and Reasoning
Dou, Shaoyu
Shen, Yutian
Chen, Mofan
Wang, Zixuan
Xu, Jiajie
Guo, Qi
Shao, Kailai
Chen, Chao
Hu, Haixiang
Shi, Haibo
Min, Min
Zhang, Liwen
Computation and Language
Large Language Models (LLMs) demonstrate significant potential but face challenges in complex financial reasoning tasks requiring both domain knowledge and sophisticated reasoning. Current evaluation benchmarks often fall short by not decoupling these capabilities indicators from single task performance and lack root cause analysis for task failure. To address this, we introduce FinEval-KR, a novel evaluation framework for decoupling and quantifying LLMs' knowledge and reasoning abilities independently, proposing distinct knowledge score and reasoning score metrics. Inspired by cognitive science, we further propose a cognitive score based on Bloom's taxonomy to analyze capabilities in reasoning tasks across different cognitive levels. We also release a new open-source Chinese financial reasoning dataset covering 22 subfields to support reproducible research and further advancements in financial reasoning. Our experimental results reveal that LLM reasoning ability and higher-order cognitive ability are the core factors influencing reasoning accuracy. We also specifically find that even top models still face a bottleneck with knowledge application. Furthermore, our analysis shows that specialized financial LLMs generally lag behind the top general large models across multiple metrics.
title FinEval-KR: A Financial Domain Evaluation Framework for Large Language Models' Knowledge and Reasoning
topic Computation and Language
url https://arxiv.org/abs/2506.21591