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The nature of informed option trading : evidence from the takeover market /

This study examines the kind of information 'informed' traders have prior to a takeover announcement using options of target firms and elaborates on the cross-sectional relationship between options and stocks around takeover announcements. Financial markets are driven by information and by...

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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Klapper, Marco (Auteur)
Format: Électronique eBook
Langue:Inglés
Publié: Hamburg, Germany : Anchor Academic Publishing, 2014.
Sujets:
Accès en ligne:Texto completo
Description
Résumé:This study examines the kind of information 'informed' traders have prior to a takeover announcement using options of target firms and elaborates on the cross-sectional relationship between options and stocks around takeover announcements. Financial markets are driven by information and by individuals that generate, process, and disclose this information to the market. Naturally, there have to be individuals who possess more information about a firm or a future event than other market participants. Mergers and acquisitions are particularly interesting events in this regard because they can hav.
Description matérielle:1 online resource (71 pages) : illustrations, tables
Bibliographie:Includes bibliographical references.
ISBN:9783954896721
3954896729