Showing 1 - 9 of 9
In this article, an option theoretic model is applied to develop a Deposit Insurance Scheme under asymmetric information environment. By introducing double liability as an option into the deposit insurance scheme, our model solves the Deposit Insurer's adverse selection problem. With...
Persistent link: https://www.econbiz.de/10005485223
In this paper, we survey a wide range of theoretical and empirical papers on derivatives markets to address the information contents of trading activities in derivatives markets. Both theoretical and empirical research on options market and futures market indicate that the presence of...
Persistent link: https://www.econbiz.de/10005413117
This study seeks evidence on whether the return series on Bangladesh's Dhaka Stock Exchange (DSE) is independent and follows the random walk model. The study focuses on assessing if the DSE deviates from idealised efficiency. The sample primarily includes all the listed companies on the DSE...
Persistent link: https://www.econbiz.de/10011137908
Purpose – The purpose of this paper is to examine the short-term reactions of stock prices to the announcement of earnings restatement by the public companies listed in the Toronto stock exchange in Canada. Design/methodology/approach – The paper conducts an empirical study. For the purpose...
Persistent link: https://www.econbiz.de/10008691146
Persistent link: https://www.econbiz.de/10007795935
Persistent link: https://www.econbiz.de/10007757109
This paper examines the ability of equity open interests from options markets to forecast underlying stock price for the maturity date and to examine if the forecast prices can be used as a guide to design trading rules. GMM estimation method is used on a set of widely held stocks from US...
Persistent link: https://www.econbiz.de/10012740243
In this paper, we use daily closing data on CBOE options of 30 stocks during February through July of 1999 to investigate whether options open interest contains information that can be used for trading purposes. Individual stock price at option maturity is first predicted based on the...
Persistent link: https://www.econbiz.de/10012742055
This paper attempts to expand the empirical evidence on the equity returns by examining the cross-sectional data on of the emerging stock markets of Bangladesh. Using data compiled by the Bangladesh Bank on forty joint stock companies listed on the Dhaka and Chittagong Stock Exchange for the...
Persistent link: https://www.econbiz.de/10012776586