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

By:

Klapper, Marco [author.]

Material type: Text

text

Media type:

computer

Carrier type:

online resource

ISBN:

9783954896721
3954896729

Subject(s):

Genre/Form:

Additional physical formats: Print version:: Nature of informed option trading : evidence from the takeover market.DDC classification:

332.6 23

LOC classification:

HG4529 .K53 2014eb

Online resources:

Click here to access online

Contents:

The nature of informed option trading; OUTLINE; 1. Introduction; 2. LITERATURE REVIEW; 2.1 THE VALUE OF MERGERS AND ACQUISITIONS; 2.2 CROSS-SECTION OF OPTIONS AND STOCKS: EVIDENCE FROM M&A TRANSACTIONS; 2.3 CONCEPTUAL FRAMEWORK AND HYPOTHESIS DEVELOPMENT; 3. DATA AND METHODOLOGY; 3.1 DATA; 3.2 METHODOLOGY AND SUMMARY STATISTICS; 4. EMPIRICAL RESULTS; 4.1 OPTION LIQUIDITY; 4.2 PREDICTIVE POWER OF OPTIONS FOR CARS; 5. CONCLUSION; References; APPENDIX

Summary: 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.

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Holdings
Item type	Home library	Collection	Call number	Materials specified	Status	Date due	Barcode
Electronic-Books	OPJGU Sonepat- Campus	E-Books EBSCO			Available

Includes bibliographical references.

Online resource; title from PDF title page (ebrary, viewed April 19, 2014).

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.

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