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The Journal of Derivatives

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Locally Capped Investment Products and the Retail
Investor

Carole Bernard, Phelim P. Boyle and William Gornall
The Journal of Derivatives Summer 2011, 18 (4) 72-88; DOI: https://doi.org/10.3905/jod.2011.18.4.072
Carole Bernard
is an assistant professor at the University of Waterloo, Waterloo, ON, Canada.
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  • For correspondence: c3bernar@uwaterloo.ca
Phelim P. Boyle
is a full professor in the School of Business and Economics, Wilfrid Laurier University in Waterloo, ON, Canada.
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  • For correspondence: pboyle@wlu.ca
William Gornall
is a Ph.D. student at the Stanford Graduate School of Business in Stanford, CA.
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  • For correspondence: wrgornall@gmail.com
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The Journal of Derivatives: 18 (4)
The Journal of Derivatives
Vol. 18, Issue 4
Summer 2011
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Locally Capped Investment Products and the Retail
Investor
Carole Bernard, Phelim P. Boyle, William Gornall
The Journal of Derivatives May 2011, 18 (4) 72-88; DOI: 10.3905/jod.2011.18.4.072

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Locally Capped Investment Products and the Retail
Investor
Carole Bernard, Phelim P. Boyle, William Gornall
The Journal of Derivatives May 2011, 18 (4) 72-88; DOI: 10.3905/jod.2011.18.4.072
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  • Article
    • Abstract
    • DESCRIPTION AND TERMINOLOGY
    • THE MARKET FOR LOCALLY CAPPED PRODUCTS
    • VALUATION
    • EMPIRICAL RESULTS
    • AN EXAMPLE ILLUSTRATING CREDIT RISK
    • SUMMARY AND CONCLUSION
    • APPENDIX A
    • ENDNOTES
    • REFERENCES
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