Advanced search
Publication Cover
Applied Economics Letters Volume 2, 1995 - Issue 10
Submit an article Journal homepage
11
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

The predictability of Finnish stock index futures and cash returns by derivatives volume

Ralf Östermark Department of Business Administration, Åbo Akademi University, Henriksgatan 7, 20500, Åbo, Finland
,
Teppo Martikainen Department of Accounting and Finance, University of Vaasa, PO Box 700, 65101, Vaasa, Finland
&
Jaana Aaltonen Department of Business Administration, Åbo Akademi University, Henriksgatan 7, 20500, Åbo, Finland
Pages 391-393 | Received 18 Jan 1995, Published online: 02 Nov 2006
 
Sample our Economics, Finance,Business & Industry journals, sign in here to start your access, latest two full volumes FREE to you for 14 days

Abstract

The predictability of Finnish stock index futures and cash returns by the volume of stock index options and futures is investigated. Relying on Granger causality tests and vector autoregression, the results support the hypothesis that derivatives trading volume cannot be used to predict returns.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.