Chen, Cheny; Liu, Ming-Hua; Nguyen, Hoa - In: American Journal of Finance and Accounting 1 (2008) 1, pp. 1-19
horizons in a sample of European covered warrants traded in the Hong Kong and Singapore markets. The empirical results show … finding also suggests that implied volatility is biased and informationally inefficient and that covered warrants are … typically overvalued. The results are attributable to the fact that, in Hong Kong and Singapore, the covered warrants markets …