Goldstein, Itay; Yang, Shijie; Zuo, Luo - 2022
Using the implementation of the EDGAR system from 1993 to 1996 as a shock to information dissemination technologies, we … examine the potential benefits and costs of modern information technologies on the real economy. On the one hand, we document … that broader information dissemination leads to a decrease in the cost of capital and an increase in the level of equity …