haku: @author Dorfleitner, G. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Roder, K. Dorfleitner, G. |
| Otsikko: | Der Optionscharakter von Bezugsrechten |
| Lehti: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
2002 : AUG, VOL. 54:5, p. 460-477 |
| Asiasana: | STOCKS GERMANY OPTION PRICES SOFTWARE EMPIRICAL RESEARCH |
| Kieli: | ger |
| Tiivistelmä: | The authors of the article state that the analysis of stock purchase rights, or shortly rights, has a long tradition in Germany. In most cases the call option character of rights is neglected. This paper considers the valuation of rights based on option pricing theory. A formula is derived which can be implemented in conventional financial software packages. A further part of the paper deals with the empirical analysis of rights pricing as observed in real markets and identifies factors with an influence on this pricing. The paper provides a substantial list of references on this subject. |
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