This article examines empirically the impact of the expiration of covered warrants on stock prices and trading volume in China. It shows that the expiration of call warrants had a significantly negative price effect during the last four days of the exercise period, whereas, the expiration of put...

In this paper, we study a sample of 179 corporate asset sales in Taiwan between 1993 and 2003. We find that corporate asset sales in Taiwan enhance parent firm value with cumulative abnormal returns of 1.7715% for the pre-announcement five-day period and 0.6086% for the two-day announcement...