Under the background of new power system, the proportion of new energy power generation enterprises in the power market is gradually increasing. With the further expansion of China's power trading scale, the increasingly fierce market competition and the instability of new energy output, the...

The construction of an emission trading system (ETS) is considered the most effective and sustainable way to address climate change issues. Due to the financial nature of the carbon market, there is a certain impact among the prices of ETSs. This paper studies the spillover effects among the...

We investigate the association of various firm-specific and market-wide factors with the riskneutral skewness (RNS) implied by the prices of individual stock options. Our analysis covers 149 U.S. firms over a four-year period. Our choice of firms is based on adequate liquidity and trading...

The volatility information content of stock options for individual firms is measured using option prices for 149 U.S. firms and the S&P 100 index. ARCH and regression models are used to compare volatility forecasts defined by historical stock returns, at-the-money implied volatilities and...