| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 961054 | Journal of Financial Intermediation | 2011 | 24 Pages |
Abstract
We quantify the effects of closing price manipulation on trading characteristics and stock price accuracy using a unique sample of prosecuted manipulation cases. Based on these findings we construct an index of the probability and intensity of closing price manipulation. As well as having regulatory applications, this index can be used to study manipulation in the large number of markets and time periods in which prosecution data are not readily available.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Carole Comerton-Forde, TÄlis J. PutniÅÅ¡,