The Effect of Options on Stock Prices: 1973 to 1995

By Sorin M. Sorescu. 2000

158 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/08966b9692ca44cf7f160d81c034ad493de19a91

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Citations in the corpus

Costly short -selling and stock price adjustment to earnings announcements (2002, background): “In previous samples, Sorescu (2000) and Conrad (1989) both find that option introduction is associated with a price increase.”
Why Do Option Introductions Depress Stock Prices? A Study of Diminishing Short Sale Constraints (2001, methodology): “Sorescu (2000) shows that this positive price effect around listing dates is confined to options introduced prior to 1981.”
Go Down Fighting: Short Sellers vs. Firms (2012, background): “Indirect costs of shorting can come from options as in Figlewski and Webb (1993), Sorescu (2000), Lamont and Thaler (2003), and Ofek, Richardson, and Whitelaw (2004).”
Did CDS Trading Improve the Market for Corporate Bonds (2014, unknown): “Sorescu (2000) finds positive (negative) abnormal returns for options listed during 1973–1980 (post-1980).”
Stock Price Clustering on Option Expiration Dates (2005, unknown): “Sorescu (2000) finds a positive price impact during Conrad’s data period (i.e., prior to 1980), but a decrease in stock prices after 1980.”
The Good News in Short Interest (2010, background): “The 1988–1995 portion comes from Sorescu (2000) , and the later portion comes from the Option-Metrics database.”
Short-Sale Constraints, Differences of Opinion, and Overvaluation (2006, unknown): “We then estimate a switching means model as in Sorescu (2000) to detect if there is a sudden increase in the cost of equity during the month that follows the stocks’ inclusion in the portfolio (not shown).”