Do options markets improve informational efficiency?

Contemporary Accounting Research

Volumn 14, Issue 2, 1997, Pages 193-201

  Skinner, Douglas J ^a  

^a UNIVERSITY OF MICHIGAN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0142109273     PISSN: 08239150     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1911-3846.1997.tb00532.x     Document Type: Article

References (16)

1. Amin, K.I., and C.M.C. Lee. Option Trading, Price Discovery, and Earnings News Dissemination. Contemporary Accounting Research (Summer 1997), 137-151.
2. Ball, R., and P. Brown. An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research (Autumn 1968), 159-178.
3. Black, F. Fact and Fantasy In the Use of Options. Financial Analysts Journal (July-August 1975), 36-41 and 72.
4. Conrad, J. The Price Effect of Option Introduction. Journal of Finance (June 1989), 487-498.
5. Cox, J.C., and M. Rubinstein. Options Markets. Prentice Hall, 1985.
6. Damodaran, A., and J. Lim. The Effect of Option Listing on the Underlying Stocks' Return Processes. Journal of Banking and Finance (June 1991), 647-664.
7. Fedenia, M., and T. Grammatikos. Options Trading and the Bid-Ask Spread of the Underlying Stocks. Journal of Business (July 1992), 335-351.
8. Ho, L-C.J. Option Trading and the Relation Between Price and Earnings: A Cross-Sectional Analysis. The Accounting Review (April 1993), 368-384.
9. Jennings, R., and L. Starks. Earnings Announcements, Stock Price Adjustment, and the Existence of Options Markets. Journal of Finance (March 1986), 107-125.
10. Kim, O., and R.E. Verrecchia. Market Liquidity and Volume around Earnings Announcements. Journal of Accounting and Economics (January 1994), 41-67.
11. Klemkosky, R.C., and T.S. Maness. The Impact of Options on the Underlying Securities. Journal of Portfolio Management (Winter 1980), 12-18.
12. Mendenhall, R.R., and D.H. Fehrs. Option Listing and the Stock-Price Response to Earnings Announcements. Unpublished Paper. University of Notre Dame, 1996.
13. Skinner, D.J. Options Markets and Stock Return Volatility. Journal of Financial Economics (June 1989), 61-78.
14. _. Options Markets and the Information Content of Accounting Earnings Releases. Journal of Accounting & Economics (October 1990), 191-211.
15. Trennepohl, G.L., and W.P. Dukes. CBOE Options and Stock Volatility. Review of Business and Economic Research (Spring 1979), 49-60
16. Whiteside, M.M., W.P. Dukes, and P.M. Dunne. Short Term Impact of Option Trading on the Underlying Securities. Journal of Financial Research (Winter 1983), 313-321.