There have been several attempts to measure social capital - the value inhering in relationships - at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct linkage and imputation across several nationally representative...

There have been several attempts to measure social capital-the value inhering in relationships-at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct linkage and imputation across several nationally representative...

There have been several attempts to measure social capital-the value inhering in relationships-at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct linkage and imputation across several nationally representative...

This paper evaluates the information content of trading activity in near-the-money option markets. The results provide compelling evidence consistent with hypotheses of delta- and vega-informed trading activity in near-the-money option markets for firms with actively traded near-the-money...

This paper introduces an empirical method to evaluate the composition of trading activity in stock and option markets that is based on signed trade count imbalances in these markets. This method can be used to estimate the extent to which traders use option markets to obtain exposure to stock...