## Abstract This study examines the competition in price discovery among stock index, index futures, and index options in Taiwan. The price‐discovery ability of the Taiwan Top 50 Tracker Fund, an exchange‐traded fund based on the Taiwan 50 index is examined. The authors find that, after the minimum
✦ LIBER ✦
The Role of Managerial Stock Option Programs in Governance: Evidence from REIT Stock Repurchases
✍ Scribed by Chinmoy Ghosh; Erasmo Giambona; John P. Harding; Özcan Sezer; C.F. Sirmans
- Book ID
- 109174804
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 177 KB
- Volume
- 38
- Category
- Article
- ISSN
- 1080-8620
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## Abstract Current literature is inconclusive as to whether idiosyncratic risk influences future stock returns and the direction of the impact. Earlier studies are based on historical realized volatility. Implied volatilities from option prices represent the market's assessment of future risk and