| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25075 |
| 来源ID | Working Paper 25075 |
| Information: Hard and Soft | |
| José María Liberti; Mitchell A. Petersen | |
| 发表日期 | 2018-09-24 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is quantitative, easy to store and transmit in impersonal ways, and its information content is independent of its collection. As technology changes the way we collect, process, and communicate information, it changes the structure of markets, design of financial intermediaries, and the incentives to use or misuse information. We survey the literature to understand how these concepts influence the continued evolution of financial markets and institutions. |
| 主题 | Financial Economics ; Financial Institutions ; Corporate Finance |
| URL | https://www.nber.org/papers/w25075 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582748 |
| 推荐引用方式 GB/T 7714 | José María Liberti,Mitchell A. Petersen. Information: Hard and Soft. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25075.pdf（405KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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