Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1736
Title: Which firms are more prone to stock market manipulation?
Authors: Taş, Bedri Kamil Onur
İmişiker, Serkan
Keywords: Manipulation
Firm characteristics
Dynamic probit regression
Issue Date: Sep-2013
Publisher: Elsevier Science Bv
Source: Imisiker, S., & Tas, B. K. O. (2013). Which firms are more prone to stock market manipulation?. Emerging Markets Review, 16, 119-130.
Abstract: 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.
URI: https://doi.org/10.1016/j.ememar.2013.04.003
https://hdl.handle.net/20.500.11851/1736
ISSN: 1566-0141
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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