Quint

Introduction#

The intro is still a little short. Maybe you can explain why public information is important, what the implications are for efficiency and what (theoretically) happens in case of asymmetric information. Then, you can explain how options add or stimulate the collection of information. You can also write a short summary of your approach (methodology) and results (once they’re there.

Literature#

The literature review has no clear structure yet. You review various aspects of the theory, but it’s not yet clear with what goal. It took me a long time to figure out that first you are describing two channels of $X \Rightarrow Y$, and then a few variables that might moderate that relationship. You may write a first paragraph outlining explicitly the structure of the literature review.

Possible structure:

  1. Channels through which option listing decreases information asymmetry

    1.1 trading volume

    1.2 leverage trading

  2. Barriers moderating the effect of option listing on information

    2.1 R&D

    2.2 Intangible assets

The example about options increasing utility (and several other examples) are nice. Did you take it from somewhere?

Data#

Good that you’ve done this, but start with outlining the sample, and provide arguments for the sample choice.

Methodology#

Like I mentioned, I think you defined several variables that moderate the effect of option listing on information

  • Can you incorporate that idea in the regression analysis?

  • Industry is not a dependent variable.

The multiple regression analysis will be a pooled cross-sectional time series regression analysis.

What does this mean?

  • Are there any other ways in which you can measure the dependent variable (Stock coverage)?

Detail#

References should be ordered alphabetically. Try using Mendeley or Zotero! (It’s super easy, and will save you a lot of effort). They even come with browser plugins