An analysis of Australian exchange traded options and warrants

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Show simple item record Bertin, W Fowler, P Michayluk, D Prathier, L 2011-02-07T06:27:10Z 2010-01
dc.identifier.citation Journal of Economics and Finance, 2010, 34 (2), pp. 150 - 172
dc.identifier.issn 1055-0925
dc.identifier.other C1 en_US
dc.description.abstract This study focuses on the price discovery process in Australian option and warrant markets. Characterizing these two markets in terms of their cost structures and institutional features, we formally test competing price discovery hypotheses. The general findings indicate that the warrants market is the dominant market suggesting that their lower trading cost outweigh their less attractive institutional features. Additionally, we find that idiosyncratic differences among firms may result in a clientele effect thus providing justification for the coexistence of these seemingly redundant markets.
dc.publisher Springer
dc.relation.isbasedon 10.1007/s12197-008-9052-4
dc.title An analysis of Australian exchange traded options and warrants
dc.type Journal Article
dc.parent Journal of Economics and Finance
dc.journal.volume 2
dc.journal.volume 34
dc.journal.number 2 en_US
dc.publocation New York, USA en_US
dc.identifier.startpage 150 en_US
dc.identifier.endpage 172 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 1502 Banking, Finance and Investment
dc.personcode 995682
dc.percentage 100 en_US Banking, Finance and Investment en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords Options andWarrants . Price Discovery . Error Correction Models en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Finance
pubs.organisational-group /University of Technology Sydney/Strength - Quantitative Finance
utslib.copyright.status Closed Access 2015-04-15 12:17:09.805752+10
utslib.collection.history Finance (ID: 371)
utslib.collection.history Closed (ID: 3)

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