Is volatility risk priced in the KOSPI 2
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Sun-Joong Yoon; Suk Joon Byun
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Article
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2009
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John Wiley and Sons
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English
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๐ 1 views
## Abstract The negative volatility risk premium is understood as a result for a hedging demand against market declines. Although this negative volatility risk premium is observed in most index options markets, there are some doubts about its presence in the KOSPI 200 index options market. The majo