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circles and it was concluded that manipulation exerts negative impact on markets. A market with manipulation is considered as … less trustworthy and credible compared to a market without manipulation, which in turn, affects demand. Manipulations …, and regulatory institutions. This paper aims to review economic and financial studies on manipulation in order to reveal …
Persistent link: https://www.econbiz.de/10010754635
circles and it was concluded that manipulation exerts negative impact on markets. A market with manipulation is considered as … less trustworthy and credible compared to a market without manipulation, which in turn, affects demand. Manipulations …, and regulatory institutions. This paper aims to review economic and financial studies on manipulation in order to reveal …
Persistent link: https://www.econbiz.de/10010764144
of day price dislocation is more likely to be the result of market manipulation on days of option expiry dates and end of …
Persistent link: https://www.econbiz.de/10010326664
of day price dislocation is more likely to be the result of market manipulation on days of option expiry dates and end of …
Persistent link: https://www.econbiz.de/10010201320
by the individual panel banks and shed light on the underlying manipulation potential, by quantifying their effects on … significantly reduce the effect of manipulation. Furthermore, we discuss the role of the sample size and the particular questions …
Persistent link: https://www.econbiz.de/10013064732
Market prices are noisy signals of economic fundamentals. In a two-period model, we show that if the central bank uses market prices as guidance for intervention, large strategic investors (who benefit from high prices) may temporarily depress market prices to induce a market-supportive...
Persistent link: https://www.econbiz.de/10012836364
manipulation prior to M&As increases the probability of an M&A deal withdrawal, and decreases the premium paid. More detailed … exchange trading rules that govern manipulation across countries and over time lower the probability of withdrawal, mitigate … the negative impact of EOD manipulation on withdrawal, and raise premiums paid. Finally, while there are fewer cases of …
Persistent link: https://www.econbiz.de/10012898028
This paper examines whether a randomized auction ending time reduces market manipulation. Using the random auction … ending rule implemented on the Singapore Exchange, we examine changes in indicators of market manipulation and market … market manipulation. In addition, the variance ratio and market-adjusted return volatility measures have decreased indicating …
Persistent link: https://www.econbiz.de/10012868396
severity of end-of-day manipulation, counter to recent concerns expressed in the media. The effect of HFT is more pronounced … end-of-day manipulation …
Persistent link: https://www.econbiz.de/10013008043
End-of-day stock price manipulation is generally associated with short-termism, long-term damage to equity values, and … reduced incentives for employees to innovate. We use a sample of suspected stock price manipulation events based on intraday … data for stocks from nine countries over eight years, and find evidence of negative effects of market manipulation on real …
Persistent link: https://www.econbiz.de/10012855630