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The law of one price and differential settlement arrangements

Kalay, Avner; Viallet, Claude J. - 1997

Persistent link: https://www.econbiz.de/10000955449

Firm value and seasoned equity issues : price pressure, wealth redistribution, or negative information

Kalay, Avner - In: Journal of financial economics 1 (1987), pp. 109-126

Persistent link: https://www.econbiz.de/10001032354

Market making with discrete prices

Anshuman, V. Ravi - In: The review of financial studies 11 (1998) 1, pp. 81-109

Persistent link: https://www.econbiz.de/10001239333

The market for callable-convertible bonds . evidence from Japan

Greiner, Daniel; Kalay, Avner; Kato, Hideaki Kiyoshi - In: Pacific-Basin finance journal 10 (2002) 1, pp. 1-27

Persistent link: https://www.econbiz.de/10001655754

Can splits create market liquidity? : Theory and evidence

Anshuman, V. Ravi; Kalay, Avner - In: Journal of financial markets 5 (2002) 1, pp. 83-125

Persistent link: https://www.econbiz.de/10001657127

Measuring stock illiquidity : an investigation of the demand and supply schedules at the TASE

Kalay, Avner; Sade, Orly; Wohl, Avi - In: Journal of financial economics 74 (2004) 3, pp. 461-486

Persistent link: https://www.econbiz.de/10002439252

The ex-dividend day behavior of option prices

Kalay, Avner; Subrahmanyam, Marti G. - In: The journal of business : B 57 (1984) 1, pp. 113-128

Persistent link: https://www.econbiz.de/10002123113

Implications of the discreteness of observed stock prices

Gottlieb, Gary; Kalay, Avner - In: The journal of finance : the journal of the American … 40 (1985) 1, pp. 135-153

Persistent link: https://www.econbiz.de/10002472147

The market value of corporate votes : theory and evidence from option prices

Kalay, Avner; Karakaş, Oǧuzhan; Pant, Shagun - In: The journal of finance : the journal of the American … 69 (2014) 3, pp. 1235-1271

Persistent link: https://www.econbiz.de/10010373331

The Market Value of Corporate Votes : Theory and Evidence from Option Prices

Kalay, Avner - 2016

This paper proposes a new method using option prices to estimate the market value of the voting right associated with a stock. The method consists of synthesizing a non-voting share using put-call parity, and comparing its price to that of the underlying stock. Empirically, we find this measure...

Persistent link: https://www.econbiz.de/10013008721