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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Bibliographic Details
Main Authors: BERNILE, Gennaro, HU, Jianfeng, LI, Guangzhong, MICHAELY, Roni
Format: text
Language:English
Published: 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