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pro vyhledávání: '"Todd M. Hazelkorn"'
We argue that deviations from the law of one price between futures and spot prices, known as bases, capture important information about liquidity demand for equity market exposure in global equity index futures markets. We show that bases (1) co-move
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5248002cfd1791b0a7bac6dddcf75628
https://doi.org/10.3386/w26773
https://doi.org/10.3386/w26773
Publikováno v:
SSRN Electronic Journal.
Deviations from the law of one price between futures and spot prices, known as bases, reflect the difference between interest rates implied in futures prices and benchmark borrowing rates. These differences are driven by intermediaries’ cost of cap
Publikováno v:
The Journal of Portfolio Management. 44:50-57
Over the last few years, a lot of press, pundit, and political attention has been paid to share repurchases, much of it critical. Most repurchase critics assert that share repurchases are at historical highs and that dollars spent repurchasing shares
Publikováno v:
SSRN Electronic Journal.
The popular press is replete with commentary seeking to damn the behavior of corporate managers in handing free cash flow back into the hands of shareholders. These criticisms are often, even regularly, without merit (at least merit that can be demon