Title
Informationsgehalt von Optionspreisen: Eine empirische Untersuchung der Preisbildung am Markt fr Kaufoptionen im Vorfeld abnorma,Used
Delivery time: 8-12 business days (International)
Die in diesem Buch beschriebene empirische Untersuchung geht einen wesentlichen theoretischen Schritt ber den Stand der bisherigen empirischen Kapitalmarktforschung in Deutschland hinaus. Sie beschftigt sich mit der Frage, ob beobachtete Differenzen zwischen Markt und Modellpreisen von Aktienoptionen konomisch erklrbar sind. Die konomische Erklrung solcher Differenzen wird dabei in der Vermutung gesucht, da Insider insbesondere aufgrund des hheren LeverageEffektes eines Optionsengagements ihren Informationsvorsprung bevorzugt bzw. zumindest zuerst am Options und nicht am Aktienmarkt ausbeuten. Anhand von Zeitreihen fr Kaufoptions und Aktienkurse der Frankfurter Wertpapierbrse wird deshalb untersucht, ob Optionspreise einen Informationsgehalt fr die zuknftige Aktienkursentwicklung aufweisen, der auf Handelsaktivitten von Insidern beruhen knnte. Die Ergebnisse des implementierten statistischen Signifikanztests knnen als ein Indiz dafr gedeutet werden, da Insider im allgemeinen dazu tendieren, positives Insiderwissen bevorzugt bzw. zumindest zuerst am Kaufoptions und nicht am Aktienmarkt auszubeuten. Das Ergebnis stellt somit auch ein Indiz gegen die hufig aufgestellte Hypothese dar, da die Existenz eines Optionsmarktes die "fundamental richtige" Bewertung am Aktienmarkt beeintrchtigt. Die Arbeit wurde im Februar 1993 mit dem Wissenschaftspreis der Bayerischen Landesbank fr das Jahr 1992 ausgezeichnet.
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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.