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Enhancing stock returns using hedged dividend capture

Zivney, Terry L.; Ledbetter, John H.; Jr, James P. Hoban - In: Managerial Finance 32 (2006), pp. 51-59

strategy arises from the 2003 tax law changes which lowered tax rates on dividends received, while leaving the short-term tax … returns on stocks higher than implied by the statutory tax rate on dividends by employing a dividend capture strategy which … the full potential for capital gains, while receiving preferential tax treatment on dividends received. Researchers will …

Persistent link: https://www.econbiz.de/10010741366

Excessive Margin Requirements and Intermarket Derivative Exchange Competition: A Study of the Effect of Risk Management on Market Microstructure

Dutt, Hans R. - 2008

The S&P 500 Index futures contract is traded on the Chicago Mercantile Exchange that isregulated by the Commodity Futures Trading Commission. The S&P 500 Index optionscontract is traded on the Chicago Board of Options Exchange that is regulated by theSecurities and Exchange Commission. The...

Persistent link: https://www.econbiz.de/10009458923

Are Corn and Soybean Options Too Expensive?

Urcola, Hernan A.; Irwin, Scott H. - 2006

A growing body of recent evidence suggests that premiums for financial options might be too high. For agricultural options, market participants often make similar claims, however there is very limited scientific literature to prove or disprove such claims. This research investigates the...

Persistent link: https://www.econbiz.de/10009442979

Using real options to evaluate ethanol plant expansion decisions

Pederson, Glenn; Zou, Tianyu - In: Agricultural Finance Review 69 (2009) 1, pp. 23-35

Purpose – The purpose of this paper is to investigate how to incorporate market price risk into investment decisions. The investigation focuses on investments to expand ethanol production facilities. The model is used to determine if such a real option approach can explain recent changes in...

Persistent link: https://www.econbiz.de/10014667066

The art of financial relations: reflections on strategic growth

Hägg, Claes; Preiholt, Håkan - In: Corporate Communications: An International Journal 9 (2004) 1, pp. 50-56

The purpose of the present article is to discuss the role of financial marketing in the creation of self‐reinforcing trends and bubbles. If the fundamental problems of financial marketing are not controlled, they can lead us to the world of the cynics, of raiders, of hostile takeovers where...

Persistent link: https://www.econbiz.de/10014691574

The shape of option implied volatility: a study based on market net demand pressure

Mo, Tianyu; Zheng, Zhenlong; Lin, William T. - In: China Finance Review International 2 (2012) 1, pp. 27-52

Purpose – Due to disequilibrium between supply and demand in the option market, the option market‐maker is under exposure to certain risks because of their net option positions. This paper aims to pay attention to whether the risk award affects the option price and the shape of implied...

Persistent link: https://www.econbiz.de/10014694466

An examination of the Australian Stock Exchange and Australian Financial Review 's fair values

Easton, Steve; Ivanovic, Irena - In: International Journal of Managerial Finance 3 (2007) 3, pp. 306-312

Purpose – The paper seeks to examine fair values provided by the Australian Stock Exchange (ASX) and reported daily in the Australian Financial Review to determine whether they violate fundamental option relationships. Design/methodology/approach – Values reported in the Australian Financial...

Persistent link: https://www.econbiz.de/10014785268

The lead‐lag relationship between stock index options and the stock index market : Model, moneyness, and news

Kim, Sol; Joon Kim, In; Oh Nam, Seung - In: International Journal of Managerial Finance 5 (2009) 3, pp. 311-332

Purpose – The purpose of this paper is to examine the price discovery role of the Korea Composite Stock Price Index 200 (KOSPI 200) stock index options market in contrast to other developed options markets. Design/methodology/approach – The price discovery roles of the stock and options...

Persistent link: https://www.econbiz.de/10014785302

Determinants and effects of option listings: evidence from ADRs

Case, Spencer; Payne, Janet D. - In: International Journal of Managerial Finance 9 (2013) 3, pp. 198-218

Purpose – In this paper, the authors aim to test the assertion that options act as a substitute for short sales by allowing investors an alternative way to act on bearish sentiment. An empirical test of this assertion requires a researcher to observe both types of firm – those that weren’t...

Persistent link: https://www.econbiz.de/10014785384

Valuing leasing risks in commercial property with a discrete‐time binomialtree option model

Foo Sing, Tien; Liang Tang, Wei - In: Journal of Property Investment & Finance 22 (2004) 2, pp. 173-191

This paper models the lessee's default options and estimates the economic value of the options for a lessee using a discrete time binomial American option pricing model. Results show a positive relationship of the option premium with the original rent and a negative relationship with the...

Persistent link: https://www.econbiz.de/10014898066