Price Impact of Derivatives Listing and Delisting: Evidence from India (Record no. 133430)

MARC details
000 -LEADER
fixed length control field 01687nas a2200217Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 240628c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0019-4662
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Chakrabarti, Prasenjit
9 (RLIN) 119359
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Kumar, Rahul
9 (RLIN) 119360
245 #0 - TITLE STATEMENT
Title Price Impact of Derivatives Listing and Delisting: Evidence from India
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. The Indian Economic Journal
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 353-371
520 ## - SUMMARY, ETC.
Abstract This article investigates the spot market’s short-term price reaction on derivatives listing and delisting in India. We comprehensively examine the derivatives listing and delisting with extended time-series data from 2001-2020. We employ event study methodology and find that stocks show positive price reactions on the inclusion, whereas, on the exclusion, stocks show adverse price reactions. In addition, we validate our findings by considering the announcement date and actual date as our event date. We also examine the cross-sectional drivers of cumulative abnormal returns. We find that the underlying liquidity and volatility are critical drivers of cumulative abnormal returns. We produce evidence that derivatives listing (delisting) around the event window significantly increases (decreases) the prices of its underlying. The study attempt to contribute to option listing literature by analyzing the firm-specific cross-sectional drivers of cumulative abnormal returns.JEL Codes: G11, G12, G14
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Cash Market
9 (RLIN) 119361
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Daily Market Capitalisation
9 (RLIN) 119362
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Market Sentiments
9 (RLIN) 119363
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Price Reaction
9 (RLIN) 119364
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics
9 (RLIN) 2
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1177/00194662221137261">https://doi.org/10.1177/00194662221137261</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133430
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 28/06/2024 Vol. 72, No. 2   AI129 28/06/2024 28/06/2024 Article Index