Information Markets: What
Business Can Learn from Financial Innovation
Traditional firms are being
challenged in the information-intensive world of finance by a new breed of fast and
flexible players whose strategies exploit recent advances in information technology.
Information Markets enables finance practitioners to compete in and understand this
volatile new environment. This book is also an essential resource for any business that
aims to compete in markets for information goods and services. Wilhelm and Downing explain
how the interplay among human capital, technological innovation, and information-intensive
products, is driving unprecedented reorganization, deregulation, and consolidation in
modern financial markets. By examining the nuts and bolts of information exchange in these
markets, the authors draw lessons from the experience of financial intermediaries that
will prove invaluable for all managers.
They illustrate these lessons
through a variety of fascinating case studies, including the Goldman Sachs public offering
and recent developments in online securities exchange.
The book provides guidance
for managing the tension between human capital and information technology, establishing
and enforcing property rights over information goods, and value creation through strategic
management of competing interests in information. Information Markets is the must-have
guide to understanding the changing role of infomediaries in financial markets and the
economy at large.
219 pages