Baigent, G. Glenn; Massaro, Vincent G. - In: Review of Accounting and Finance 8 (2009) May, pp. 176-186
Purpose – The purpose of this paper is to examine the role of derivative securities in over-pricing and market corrections. Design/methodology/approach – Daily market data from major indices are used to determine if the market was over-priced in 1987. Then, the literature is examined to show...