Which firms are more prone to stock market manipulation?

Serkan Imisiker, Bedri Kamil Onur Tas*

*المؤلف المقابل لهذا العمل

نتاج البحث: المساهمة في مجلةمراجعة النظراء

17 اقتباسات (Scopus)

ملخص

This study empirically investigates which firms are more susceptible to successful manipulation. For this purpose, a unique data set consisting of manipulation cases from 1998 to 2006 from the Istanbul Stock Exchange (ISE) was collected and firm-specific variables are used to explain these manipulations. Probit regression results show that small firms, firms with less free float rate and a higher leverage ratio are more prone to stock price manipulation. Dynamic probit analysis concludes that the probability of manipulation of a stock is significantly higher for stocks that have been previously manipulated.

اللغة الأصليةEnglish
الصفحات (من إلى)119-130
عدد الصفحات12
دوريةEmerging Markets Review
مستوى الصوت16
المعرِّفات الرقمية للأشياء
حالة النشرPublished - سبتمبر 2013
منشور خارجيًانعم

ASJC Scopus subject areas

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