Which market attracts informed investors prior to extreme informational events? We examine
the information embedded in the stock and option markets prior to takeover announcements …

This paper examines the price effect of option introduction from 1974 to 1980. The
introduction of individual options causes a permanent price increase in the underlying …

This study examines the variance of returns on common stocks around the time exchange-
traded options are listed on these stocks. The evidence indicates that stock return variance …

This paper employs a new approach to study the effects of option trading on the behavior of
underlying stock prices. Extant research compares distributional properties of the stock price …

This article examines the effect of option introductions on the underlying stocks. In addition
to the price increase and volatility decrease that take place when new options are listed, we …

This article shows that introducing derivative assets increases incentives to collect
information about asset payoffs. The increase in information collection makes the price of the …

The effects of option listing on the returns processes of the underlying securities are
examined in this paper by looking at a sample of 200 firms which had options listed on them …

We examine whether, and to what extent, the introduction of trading in share futures
contracts on individual stocks (ie, individual share futures, or ISFs) has impacted on the …

This study empirically examines the impacts of introduction and expiration of derivative
equity warrants on both price and trading volume of the underlying securities in Hong Kong …

This paper analyses the effect of the introduction of derivatives (futures and options) in the
Spanish market on the volatility and on the trading volume of the underlying index. The …