Implied volatility and warrant issuing strategies : some evidence from the Johannesburg Stock Exchange

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dc.contributor.authorKoorts, T. T.en_ZA
dc.contributor.authorSmit, E v d M.en_ZA
dc.date.accessioned2013-01-23T11:51:35Z
dc.date.available2013-01-23T11:51:35Z
dc.date.issued2002
dc.descriptionCITATION: Koorts, T. T. & Smit, E. v d M. 2002. Implied volatility and warrant issuing strategies : some evidence from the Johannesburg Stock Exchange. South African Journal of Business Management, 33(2):a700, doi:10.4102/sajbm.v33i2.700.
dc.descriptionThe original publication is available at https://sajbm.org
dc.description.abstractFinancial institutions have extended their competitive realm through issuing warrants as retail products. By comparing products from different financial institutions which are similar in all respects, but are differently priced through different implied volatilities, market inefficiencies are demonstrated. Competition between issuers lead to clearly identifiable market strategies. It is further argued that issuers, by providing less than complete market information, have developed a position of relative strength, compared to the buyers of warrants.
dc.description.urihttps://sajbm.org/index.php/sajbm/article/view/700
dc.description.versionPublisher's version
dc.format.extent7 pages
dc.identifier.citationKoorts, T. T. & Smit, E. v d M. 2002. Implied volatility and warrant issuing strategies : some evidence from the Johannesburg Stock Exchange. South African Journal of Business Management, 33(2):a700, doi:10.4102/sajbm.v33i2.700.
dc.identifier.issn2078-5976 (online)
dc.identifier.issn2078-5585 (print)
dc.identifier.otherdoi:10.4102/sajbm.v33i2.700
dc.identifier.urihttp://hdl.handle.net/10019.1/75290
dc.language.isoen
dc.publisherAOSIS
dc.rights.holderAuthors retain copyright
dc.subjectStock exchanges -- South Africaen_ZA
dc.titleImplied volatility and warrant issuing strategies : some evidence from the Johannesburg Stock Exchangeen_ZA
dc.typeArticle
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