Isbn: 9786200532282 - options and market efficiency: a big data approach (4 Ergebnisse)

Paperback. Zustand: Brand New. 8.66x5.91x0.32 inches. In Stock.

Taschenbuch. Zustand: Neu. Options and Market Efficiency | A Big Data Approach | Rajeev R. Bhattacharya | Taschenbuch | 88 S. | Englisch | 2020 | LAP LAMBERT Academic Publishing | EAN 9786200532282 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. …

Zustand: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | I use five separate measures of deviation from Put-Call Parity of options on a stock without splits or dividends as separate negative measures for efficiency of the market ecosystem consisting of the underlying stock, derivatives, and risk-free securities. I develop a theory of trading volume as a function of short sales costs, dispersion of investor valuations, float, and transaction costs, and that of market efficiency as a function of trading volume and number of analysts covering the stock. I use Three-Stage Least Squares (3SLS) to estimate this structural system, separately for Nasdaq and non-Nasdaq U.S. stocks, over 1996-2015. I find, contrary to much previous theoretical and empirical work, that the impact of short sales costs & constraints on market efficiency is not significantly negative and that the impact of trading volume on market efficiency is not significantly positive.…

Zustand: New.