Guo, Wen-chung; Chen, Ying-huei - In: Economics Bulletin 34 (2014) 4, pp. 2315-2323
Issuers may compete with each other by issuing similar warrants with the same underlying stocks, causing a supply-side effect on warrant markets. The study provides a theory and supported evidence that put warrants on individual stocks are issued by third party banks in Taiwan and that they...