Issuer credit ratings and warrant-pricing errors

NCU Institutional Repository > 管理學院 > 財務金融學系 > 期刊論文 > Item 987654321/104917

請使用永久網址來引用或連結此文件: https://ir.lib.ncu.edu.tw/handle/987654321/104917

題名:	Issuer credit ratings and warrant-pricing errors
作者:	高櫻芬;Chen, Ming-Hsien;Gau, Yin-Feng;Tai, Vivian W.
貢獻者:	管理學院財務金融學系
關鍵詞:	covered warrants;Credit ratings;Error analysis;Mathematical models;pricing errors;Securities prices;Stochastic models;Studies;Warrants
日期:	2013-07-01
上傳時間:	2026-04-23 12:01:29 (UTC+8)
出版者:	M.E. Sharpe Inc.;Abingdon: Routledge
摘要:	摘要： This paper examines how issuer credit relates to the level of warrant-pricing errors in Taiwan. The results demonstrate that the premia of warrants with high credit ratings have fewer pricing errors, implying that warrants with higher credit ratings are more fairly priced in terms of the Black-Scholes model. Using more parameters than in traditional option-pricing models, this study contributes to the literature by demonstrating that the credit ratings of warrant issuers have a critical impact on the prices of covered warrants. 出版者： Abingdon: Routledge 出版日期： 2013-07-01 出處： Emerging markets finance & trade, 2013-07, Vol.49 (sup3), p.35-46 資源來源： JSTOR Arts and Sciences X 版權： Copyright Taylor & Francis Group, LLC 2013 版權： Copyright © 2013 M.E. Sharpe, Inc. 版權： Copyright M. E. Sharpe Inc. Sep 2013 識別號： ISSN: 1540-496X 識別號： EISSN: 1558-0938 識別號： DOI: 10.2753/REE1540-496X4904S303
顯示於類別:	[財務金融學系] 期刊論文

文件中的檔案:

檔案	描述	大小	格式	瀏覽次數
index.html		0Kb	HTML	14	檢視/開啟

在NCUIR中所有的資料項目都受到原著作權保護.

社群 sharing