TY  - RPRT
AU  - Jaskowski, Marcin
AU  - McAleer, Michael
PY  - 2013
UR  - https://hdl.handle.net/20.500.14352/41498
AB  - Since Black (1976), the source of the stock price volatility smirk has remained a controversy. The volatility smirk is a side eect of agency conict. An important distinction is that the smirk occurs in the optimum, even after agency conict has been...
LA  - eng
KW  - Volatility Smirk
KW  - Asymmetric Volatility Smile
KW  - Agency Conict
KW  - Debt Externality
KW  - Leverage.
TI  - Volatility Smirk as an Externality of Agency Conict and Growing Debt
TY  - technical report
VL  - 2013
ER  -