Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114646
Authors: 
Fortin, Rich
Maese, Judy
Year of Publication: 
1992
Citation: 
[Journal:] Journal of Small Business Finance [ISSN:] 1057-2287 [Volume:] 2 [Year:] 1992 [Issue:] 1 [Pages:] 39-52
Abstract: 
This paper examines the impact of option listing in the NASDAQ equity market on the bid-ask spread of the underlying stock. We find that both the market adjusted percentage and dollar spreads decrease with option listing, which is consistent with a value enhancing impact of derivative security introduction.
Subjects: 
NASDAQ
Nasdaq
Options
OTC
Liquidity
JEL: 
G13
G12
Document Type: 
Article

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