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- Publisher Website: 10.1017/S0022109020000721
- Scopus: eid_2-s2.0-85094108294
- WOS: WOS:000693071000003
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Article: FinTechs and the Market for Financial Analysis
Title | FinTechs and the Market for Financial Analysis |
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Authors | |
Issue Date | 2021 |
Citation | Journal of Financial and Quantitative Analysis, 2021, v. 56, n. 6, p. 1877-1907 How to Cite? |
Abstract | Hundreds of equity market intelligence financial technology firms (FinTechs) have formed in the last decade. We assemble novel data to describe their capabilities, users, and consequences. Our data suggest that these FinTechs i) aggregate many data sources, including nontraditional ones (e.g., Twitter, blogs), and synthesize such data using artificial intelligence to make investment recommendations, and ii) change Internet users' information discovery by serving as substitutes for traditional information providers. We evaluate some nontraditional data and find evidence suggesting that such data contain valuable information or crowd wisdom that links to informational efficiency. Overall, our findings are consistent with this innovation benefiting investors and markets. |
Persistent Identifier | http://hdl.handle.net/10722/326245 |
ISSN | 2023 Impact Factor: 3.7 2023 SCImago Journal Rankings: 3.980 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Grennan, Jillian | - |
dc.contributor.author | Michaely, Roni | - |
dc.date.accessioned | 2023-03-09T09:59:11Z | - |
dc.date.available | 2023-03-09T09:59:11Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2021, v. 56, n. 6, p. 1877-1907 | - |
dc.identifier.issn | 0022-1090 | - |
dc.identifier.uri | http://hdl.handle.net/10722/326245 | - |
dc.description.abstract | Hundreds of equity market intelligence financial technology firms (FinTechs) have formed in the last decade. We assemble novel data to describe their capabilities, users, and consequences. Our data suggest that these FinTechs i) aggregate many data sources, including nontraditional ones (e.g., Twitter, blogs), and synthesize such data using artificial intelligence to make investment recommendations, and ii) change Internet users' information discovery by serving as substitutes for traditional information providers. We evaluate some nontraditional data and find evidence suggesting that such data contain valuable information or crowd wisdom that links to informational efficiency. Overall, our findings are consistent with this innovation benefiting investors and markets. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Financial and Quantitative Analysis | - |
dc.title | FinTechs and the Market for Financial Analysis | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1017/S0022109020000721 | - |
dc.identifier.scopus | eid_2-s2.0-85094108294 | - |
dc.identifier.volume | 56 | - |
dc.identifier.issue | 6 | - |
dc.identifier.spage | 1877 | - |
dc.identifier.epage | 1907 | - |
dc.identifier.eissn | 1756-6916 | - |
dc.identifier.isi | WOS:000693071000003 | - |