The Intermediary Role of Data Platforms: Economic Consequences of Data Sharing and Impact on Capital Markets
In the digital age, data has emerged as a critical asset, with its sharing and application profoundly impacting economic decision-making. This study investigates the evolving role of data platforms as financial intermediaries in the digital economy and assesses the effects of data sharing on corporate performance, investment behavior, asset pricing, and systemic risk. By examining these dynamics, the research will explore how data sharing influences the decision-making processes of consumers and investors, and how these decisions, in turn, shape the efficiency and stability of capital markets. The findings will provide insights into the functions and mechanisms of these new financial intermediaries, offering both theoretical support and practical guidance for maintaining financial stability and promoting the sustainable growth of capital markets.
