Empirical Study on Prices, Trading Volumes, and Arbitrages of Listed Subscription Warrants

• Published in: Korean Journal of Financial Studies Vol. 51; no. 3; pp. 281 - 307
• Main Author: Yoon, Pyung Sig
• Format: Journal Article
• Language: English
• Published: 30.06.2022

This study analyzes the price patterns, trading volumes, and arbitrage opportunities of listed subscription warrants using 70 detachable public bonds with warrant issuances. The major findings of this study are as follows. First, the subscription warrant prices at the listing date are, on average, 6...