This paper reviews recent research on the causes and consequence of different forms of
financial market misconduct and potential agency conflicts and the impact of regulating …

The London Interbank Offered Rate (LIBOR), the predominant family of global short-term
rate benchmarks for the past 40 years, ceased to exist in June 2023. Given the low volumes …

At the settlement time of the VIX Volatility Index, volume spikes on S&P 500 Index (SPX)
options, but only in out-of-the-money options used to calculate the VIX, and more so for …

We survey a growing field studying aspects of finance that are potentially illegal, illicit, or
immoral. Some of the literature is investigative in nature to uncover malfeasance that is …

We estimate short-term dividend strip prices from 27 years of S&P 500 index options data
(1996-2022). We use option-implied interest rates when estimating strip prices and longer …

The 2020–2021 global pandemic has brought significant changes to social and economic
life. Companies must begin to rethink their business models and values to meet these new …

Abstract The London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate
(Euribor) are two key benchmark interest rates used in a plethora of financial contracts. The …

This paper studies manipulation in derivative contract markets. When traders hedge factor
risk using derivative contracts, traders can manipulate settlement prices by trading the …

With the London Interbank Offered Rate (LIBOR) being replaced by risk-free rate (RFR)-
based alternative reference rates, the fundamental differences between the two …

The manipulation of the Euro Interbank Offered Rate (Euribor) was an affair which had a
great impact on international financial markets. This study tests whether advanced data …