Heer, Burkhard; Trede, Mark; Wahrenburg, Mark - In: Empirical Economics 22 (1997) 2, pp. 233-45
The effects of option trading at the DTB on the variance of the underlying stocks are examined. We use a new distribution free test being based on the empirical distribution functions. The evidence indicates that stock return variance increased after the introduction of the DTB. This effect can...
