Impact of covered warrants expirations on underlying shares in Taiwan

摘要: We examine the Taiwanese market for covered warrants, and impact of expiration a warrant on returns, trading volume underlying stock. This paper seeks to address shares. It proposes several sample groups in which such may emerge different outcome. Overall, hypotheses there are significant price effect abnormal around expirations cannot be rejected. The sub also have been confirmed. study makes extensive data from groups; empirical analysis can serve as means improve academic knowledge derivative event conclude that feature set does generate results we provider alternative explanations