Online Appendix for: 'Options Trading Activity and the Efficiency of Corporate Investment'

This Online Appendix provides additional results in support of the main analysis presented in the above-mentioned paper. This Online Appendix contains two Tables. Table OA.1 replicates the estimation that is summarized in Table 2 of the manuscript, this time including firm fixed effects. Table OA.2 replicates the estimation that is summarized in Table 3 of the manuscript, this time including firm fixed effects. All variables are defined in Appendix A of the manuscript. The paper ‘Options Trading Activity and the Efficiency of Corporate Investment’ to which this Appendix applies is available at the following URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3788992.