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ETF ownership and stock pricing efficiency : the role of ETF arbitrage

Chen, Guanhua; Liu, Xiangli; Liu, Xiao; Zhao, Zhihua - In: Finance research letters 62 (2024) 1, pp. 1-10

Persistent link: https://www.econbiz.de/10014530776

Goeree, Jacob K. - 2012

allocative efficiency is impossible when the private rate of information substitution differs from the social rate (Jehiel and … information then the common value would simply shift traders' private values by a known constant and full allocative efficiency … has no adverse consequences for allocative and informational efficiency. In contrast, a "private" expectations model in …

Persistent link: https://www.econbiz.de/10013106787

Innovative efficiency and firm value : evidence from China

Kong, Dongmin; Yang, Yiwei; Wang, Qin - In: Finance research letters 52 (2023), pp. 1-8

Persistent link: https://www.econbiz.de/10014472105

Quote Inefficiency in Options Markets

Rodríguez-Longarela, Iñaki - 2015

In an arbitrage-free economy with non-zero bid-ask spreads the existence of payoffs whose price is lower than the price of a dominated payoff cannot be discarded in general. However, when the former price corresponds to trivial portfolios which involve buying or selling one unit of the basis...

Persistent link: https://www.econbiz.de/10013011553