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A Model of Stock Manipulation Ramping Tricks
K Liu1; KK Lai1; J Yen2; Q Zhu3
2015
Source PublicationCOMPUTATIONAL ECONOMICS
ISSN0927-7099
Volume45Issue:1Pages:135-150
Abstract

Ramping tricks of trade-based stock manipulation have evolved greatly in the fight with stricter market regulation, and can be extremely complicated nowadays. Despite the rigidity and soundness, theoretical models proposed in extant literature can hardly be applied directly to real market data, due to their assumptions being far away from reality. On the other hand, empirical studies of ramping manipulation still lack guidance and support from theories that can better reflect ramping details in practice. This paper addresses this gap by constructing a theoretical model that is closely linked to practical detection, in the framework of behavioral finance. New insights into concrete ramping manipulation tricks are also contributed to the literature. The potential of the model for manipulation detection is demonstrated by applying it to the two most infamous manipulation cases in the history of Chinese stock market.

KeywordTrading Behavior Stock Manipulation Financial Market Ramping Tricks
DOI10.1007/s10614-013-9412-9
Indexed BySSCI
Language英语
WOS Research AreaBusiness & Economics ; Mathematics
WOS SubjectEconomics ; Management ; Mathematics, Interdisciplinary Applications
WOS IDWOS:000347249900006
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Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
INSTITUTE OF COLLABORATIVE INNOVATION
Corresponding AuthorK Liu
Affiliation1.City University of Hong Kong, Kowloon, Hong Kong
2.Tung Wah College, Kowloon, Hong Kong
3.Shaanxi Normal University, Xi’an City, Shanxi,China
Recommended Citation
GB/T 7714
K Liu,KK Lai,J Yen,et al. A Model of Stock Manipulation Ramping Tricks[J]. COMPUTATIONAL ECONOMICS,2015,45(1):135-150.
APA K Liu,KK Lai,J Yen,&Q Zhu.(2015).A Model of Stock Manipulation Ramping Tricks.COMPUTATIONAL ECONOMICS,45(1),135-150.
MLA K Liu,et al."A Model of Stock Manipulation Ramping Tricks".COMPUTATIONAL ECONOMICS 45.1(2015):135-150.
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