Kwong, Thomas; Fok, Daisy; Kwong, Kern; Fok, Lillian - In: Journal of Asia Business Studies 6 (2012) 1, pp. 93-113
Purpose – Accumulators are cutting‐edge stock derivative investments that have been the subject of much controversy in Hong Kong over the past year. Accumulators are exotic options composed of a full year of daily long up‐and‐out call options and short up‐and‐out put options. Because...