Pathak, Rajesh; Kumar, Satish; Ranajee, Ranajee - In: Managerial Finance 43 (2017) 4, pp. 471-487
is changed from American to European. Findings The study reports that the volatility smirk of European style options … underperform firms with flatter volatility smirks, by an average of 3.28 and 4.01 per cent annually for American and European … pronounced results of European options designate the trader’s preference to less risky European style stock options. Results are …