Why Are Warrant Markets Sustained in Taiwan but Not in China?

Why Are Warrant Markets Sustained in Taiwan but Not in China?

This paper uses moment analysis, capital asset pricing model (CAPM) statistics, stochastic dominance (SD) test, and volume analysis to investigating why the market for Taiwan warrants can be sustained but not in China. Our moment analysis shows that buying in China warrants has a higher likelihood o...

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Bibliographic Details
Main Authors: Wing-Keung Wong, Hooi Hooi Lean, Michael McAleer, Feng-Tse Tsai
Format: Article
Language:English
Published: MDPI AG 2018-10-01
Series:Sustainability
Subjects:
moment analysis
CAPM statistics
stochastic dominance
volume analysis
arbitrage opportunity
market efficiency
warrants
China market
Taiwan market
Online Access:http://www.mdpi.com/2071-1050/10/10/3748

Internet

http://www.mdpi.com/2071-1050/10/10/3748

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