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Showing 1 to 2 of 2 for “"stock price efficiency"”.

  1. Three essays on mispricing and market efficiency

    … first essay studies the impact of indexing on stock price efficiency. Indexing has experienced substantial growth over the last two decades because it is an effective way of holding a diversified portfolio while minimizing trading costs and taxes. In this paper, we focus on one negative …

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  2. Essays on the relations between derivatives and underlying asset or commodity markets

    … essay analyzes the impact of option trading on stock price efficiency around the expirations of IPO lockup agreements. It is well documented that IPO stock prices decline around lockup expirations, without reversals. Investors can exploit these price declines either by short selling in the …

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