The Effects of Option Listing on the Underlying Stocks' Return Processes
The effects of option listing on the returns processes of the underlying securities are examined in this paper by looking at a sample of 200 firms which had options listed on them on the CBOE and the AMEX between 1973 and 1983. We find that the listing of options leads to significantly lower varianc...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1991
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/1138 https://doi.org/10.1016/0378-4266(91)90090-9 |
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| Institution: | Singapore Management University |
| Language: | English |