Information spillover and corporate policies: The case of listed options
Information production associated with derivatives markets is not a sideshow; rather, it has significantly positive spillover effects on an array of corporate decisions of underlying firms. Using a regression-discontinuity design based on exogenous variation in options availability as an instrument...
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Main Authors: | , , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2023
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7350 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8349/viewcontent/information_spillover_and_corporate_policies_the_case_of_listed_options_av.pdf |
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Institution: | Singapore Management University |
Language: | English |