Liao, Li; Li, Zhisheng; Zhang, Weiqiang; Zhu, Ning - In: Journal of Futures Markets 34 (2014) 5, pp. 399-419
<section xml:id="fut21608-sec-0001"> Using a market‐level exercise data set and an individual‐level trading data set between August 2006 and June 2009, this study examines the incidence of two types of irrational exercise behavior in the Chinese warrants market. We find that 121.64 million shares of warrants (0.64% of all...</section>