reverting and countercyclical (instead of constant in the standard model) market prices of risk, mean reverting and procyclical … (instead of constant) risk free rates, decreasing (instead of flat) yield curves in the long run, possibly higher returns and … higher risk premia in the long run (instead of a flat structure), momentum in stock returns in the short run, more variance …

spot-futures price efficiency improvement observed after ETF introduction is explained either by the direct effect of ETF … short run. Some of our findings suggest that the efficiency improvement could rather result from a structural change in the …

may set listing requirements leading to high information efficiency in equilibrium. However, this is strongly linked to … highest efficiency and the latter may be achieved with low requirements. Whether information efficiency is socially desirable …

We empirically investigate the impact of option listing on the underlying stock efficiency by looking at the volume … underlying stock market. We conclude to the existence of option listing impact on the underlying stock efficiency, but to …

We empirically investigate the effect of option listing on the underlying stock pricing efficiency by examining the … indicate that option listing neither damages nor improves the underlying stock efficiency. However, they suggest that a new …