Published Online:21 Oct 2025https://doi.org/10.1287/mnsc.2023.03679

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- Received:November 10, 2023
- Accepted:July 14, 2025
- Published Online:October 21, 2025
Copyright © 2025, INFORMS
Cite as
Zhigang Qiu, Ziyue Wang (2025) The Boundary of Open Data: Implications for the Financial Market and Real Efficiency. Management Science 0(0).
https://doi.org/10.1287/mnsc.2023.03679
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The authors thank the editor (Bo Becker) and two anonymous referees for constructive comments that significantly improved the paper and Shiyang Huang, Bu Hui, and seminar participants at Xi’an Jiaotong-Liverpool University, Beihang University, Tianjing University, Wuhan University, Chinese Academy of Sciences, and Dongbei University of Finance and Economics for helpful comments and discussions. All errors are the authors’.
