Option listing and information asymmetry
Option listing increases informed and uninformed trading by 12.4% and 23.9%, respectively, in the US between 2001 and 2010, hence reducing relative information risk. We establish the causal effects using control stocks with similar propensities of listing and a quasi-natural experiment using option...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2018
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5308 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6307/viewcontent/oplist.pdf |
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| Institution: | Singapore Management University |
| Language: | English |