Asymmetric portfolio insurance strategies have become increasingly popular in practice. We show that a combination of investments in bonds and call options allows for more flexible strategies than the traditional portfolio insurance based on investments in put options and their underlying...

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We investigate the impact of options listings on the variance of the underlying stock returns in the Swiss equity market using a non-parametric approach. The emergence of multiple share categories in most Swiss firms, combined with the fact that (listed) options are typically not introduced on...

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This paper addresses the relationship between aggregate dividend payments and maiket capitalization as related to the firm's dividend decision. Most previous work concentrates on the US; we extend these studies to the different institutional framework represented by West Germany, France, the UK,...

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