Kang, Jangkoo; Lee, Chang Joo; Lee, Soonhee - In: Journal of Emerging Market Finance 5 (2006) 3, pp. 235-261
This article empirically examines the lead-lag relations among the KOSPI200 spot market, the KOSPI200 futures market, and the KOSPI200 options market, and provides some explanations for the observed lead-lag relations. In general, the KOSPI200 futures and options markets lead the KOSPI200 spot...