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An empirical examination of the relation between debt contracts and management incentives

โœ Scribed by Joy Begley; Gerald A. Feltham


Book ID
117337306
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
184 KB
Volume
27
Category
Article
ISSN
0165-4101

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## Abstract This study investigates the relation between petroleum futures spread variability, trading volume, and open interest in an attempt to uncover the source(s) of variability in futures spreads. The study finds that contemporaneous (lagged) volume and open interest provide significant expla