This paper examines the effects of options trading activities on corporate liquidity management. Based on a sample of 45,045 observations on U.S. non-financial firms from 1996 to 2016, we document a positive relationship between equity options trading intensity and corporate cash holdings. We...

What are the driving forces of housing market volatilities across countries within the context of financial globalization? To address this broad question, we integrate the Campbell-Shiller decomposition with a dynamic factor model and apply this approach to the housing price-rent ratios in 17...