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Informed Options Trading Prior to M&A Announcements: Insider Trading?
16 references·6 citing·44 second hop
Informed Options Trading Prior to M&A Announcements: Insider Trading? (2014)Informed Options Trading Prior to M&A Ann…The Econometrics of Financial Markets (2012)The Econometrics of Financial…Sell Side School Ties (2008)Sell Side School TiesInsider trading in credit derivatives☆ (2007)Insider trading in credit der…Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Econometrics of Event Studies…The Information in Option Volume for Future Stock Prices (2006)The Information in Option Vol…Demand-Based Option Pricing (2005)Demand-Based Option PricingDoes Net Buying Pressure Affect the Shape of Implied Volatility Functions? (2004)Does Net Buying Pressure Affe…New Evidence and Perspectives on Mergers (2001)New Evidence and Perspectives…Option Volume and Stock Prices: Evidence on Where Informed Traders Trade (1998)Option Volume and Stock Price…Markup pricing in mergers and acquisitions (1996)Markup pricing in mergers and…An Empirical Analysis of Illegal Insider Trading (1992)An Empirical Analysis of Ille…Predicting takeover targets (1986)Predicting takeover targetsLarge Shareholders and Corporate Control (1986)Large Shareholders and Corpor…The market for corporate control (1983)The market for corporate cont…Merger bids, uncertainty, and stockholder returns (1983)Merger bids, uncertainty, and…Risk and return: The case of merging firms (1974)Risk and return: The case of …Informed Trading in the Stock Market and Option-Price Discovery (2020)Informed Trading in the Stock…Informed Options Trading Before Corporate Events (2020)Informed Options Trading Befo…Ethics, Markets, and the Legalization of Insider Trading (2019)Ethics, Markets, and the Lega…Informed Trading by Advisor Banks: Evidence from Options Holdings (2018)Informed Trading by Advisor B…Industry familiarity and trading: Evidence from the personal portfolios of industry insiders (2018)Industry familiarity and trad…The Challenges of Detection and Enforcement of Insider Trading (2016)The Challenges of Detection a…Mergers and the Market for Corporate Control (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Foundations of Finance. (1977)Efficient Capital Markets: II (1991)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Asset Growth and the Cross‐Section of Stock Returns (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring security price performance (1980)Strategic Factor Markets: Expectations, Luck, and Business Strategy (1986)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)The impact of industry shocks on takeover and restructuring activity (1996)Assessing the Probability of Bankruptcy (2004)Determinants of weaknesses in internal control over financial reporting (2007)Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)The Pricing of Options and Corporate Liabilities (1973)Inferring Trade Direction from Intraday Data (1991)The High‐Volume Return Premium (2001)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)Theory of Rational Option Pricing (1973)Option pricing when underlying stock returns are discontinuous (1976)Market Liquidity and Funding Liquidity (2005)Liquidity and Asset Prices (2006)Intermediary asset pricing: New evidence from many asset classes (2017)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Limits of Arbitrage (1995)What Does the Individual Option Volatility Smirk Tell Us About Future Equity Returns? (2010)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Stock market driven acquisitions (2003)Firm size and the gains from acquisitions (2004)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Market Liquidity and Funding Liquidity (2008)
this work references cited by second hop

References

  • 1986Large Shareholders and Corporate Control8,403 cited
  • 2012The Econometrics of Financial Markets5,875 cited
  • 1983The market for corporate control4,145 cited
  • 2001New Evidence and Perspectives on Mergers2,803 cited
  • 1986Predicting takeover targets1,311 cited
  • 1998Option Volume and Stock Prices: Evidence on Where Informed Traders Trade1,089 cited
  • 2004Does Net Buying Pressure Affect the Shape of Implied Volatility Functions?991 cited
  • 1983Merger bids, uncertainty, and stockholder returns922 cited
  • 2005Demand-Based Option Pricing889 cited
  • 1974Risk and return: The case of merging firms869 cited
  • 2006The Information in Option Volume for Future Stock Prices847 cited
  • 2007Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance.841 cited
  • 2007Insider trading in credit derivatives☆827 cited
  • 1992An Empirical Analysis of Illegal Insider Trading818 cited
  • 1996Markup pricing in mergers and acquisitions811 cited
  • 2008

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Sell Side School Ties
806 cited

Cited by

  • 2020Informed Trading in the Stock Market and Option-Price Discovery49 cited
  • 2018Informed Trading by Advisor Banks: Evidence from Options Holdings47 cited
  • 2018Industry familiarity and trading: Evidence from the personal portfolios of industry insiders43 cited
  • 2020Informed Options Trading Before Corporate Events31 cited
  • 2019Ethics, Markets, and the Legalization of Insider Trading18 cited
  • 2016The Challenges of Detection and Enforcement of Insider Trading18 cited