| Description |
1 online resource (71 pages) |
| 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 |
| Notes |
Print version record |
| Subject |
Investment analysis -- Mathematical models
|
|
Options (Finance) -- Germany
|
|
Investment analysis -- Mathematical models
|
|
Options (Finance)
|
|
Germany
|
| Form |
Electronic book
|
| ISBN |
9783954896721 |
|
3954896729 |
|
