We are very grateful to the anonymous brokerage firm for making available the data used in the study and answering questions related to the data. The authors benefited from comments from Charles Cao, Neil Pearson, seminar participants at SAIF, an anonymous referee, and Bob Webb (the editor). We acknowledge financial support from the Tsinghua-Citi Financial Research and Education Program. Liao, Zhang, and Zhu acknowledge Project 71232003 supported by NSFC. Li acknowledges project 71271214 and 70801063 supported by NSFC. Zhu acknowledges Project 70972009 and 70932002 supported by NSFC. All remaining errors are ours only.
Exercise to Lose Money? Irrational Exercise Behavior from the Chinese Warrants Market
Version of Record online: 19 MAR 2013
© 2013 Wiley Periodicals, Inc.
Journal of Futures Markets
Volume 34, Issue 5, pages 399–419, May 2014
How to Cite
Liao, L., Li, Z., Zhang, W. and Zhu, N. (2014), Exercise to Lose Money? Irrational Exercise Behavior from the Chinese Warrants Market. J. Fut. Mark., 34: 399–419. doi: 10.1002/fut.21608
- Issue online: 1 APR 2014
- Version of Record online: 19 MAR 2013
- Manuscript Accepted: 19 JAN 2013
- Manuscript Received: 23 OCT 2011
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