A STUDY ON FACTORS INFLUENCING THE PRICE MANIPULATION IN TEHRAN'S STOCK MARKET

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

FALAH SHAMS M.F.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Macroeconomic Research Letter Year:2009 | Volume:9 | Issue:2 (35) Page(s): 83-104

Download Full-Text

Persian Verion

View:

1,128

Download:

Cites:

Information Journal Paper

Title

A STUDY ON FACTORS INFLUENCING THE PRICE MANIPULATION IN TEHRAN'S STOCK MARKET

Author(s)

FALAH SHAMS M.F. | Issue Writer Certificate

Keywords

PRICE MANIPULATIONQ3

LIQUIDITY OF STOCKQ3

INFORMATIONQ2

Abstract

Certainly, knowing what factors are influencing PRICE MANIPULATION is of great importance having INFORMATION transparency, fair pricing of capital assets and promoting the market efficiency.In this article, first, the abnormal Retums- significance difference between actual and risk-based adjusted expected rectums- by using an autoregressive test, for all 130 accepted firms in Tehran's stock market during 2000-2004 are calculated, which seemed to be manipulated, since they had been experienced great fluctuations in their stock prices. For any firm, if changes in its share's prices is not at random and/or its stock prices is auto correlated with the past ones, we can come to this conclusion that the firm is under a PRICE MANIPULATION. In the next stage, we have developed a binary logic regression model for predicting the firms' PRICE MANIPULATION based on the four factors, namely, the INFORMATION transparency, the liquidity of the shares, the size (capital) of the firm and the PIE ratio. The dataset for fitting the model has been collected from one year before the firm being faced with PRICE MANIPULATION. Finally, the model efficiency for predicting PRICE MANIPULATION in Tehran's stock market is validated by using appropriate statistical tests such as, The Wald, Likelihood, and the Wlik's Lambda tests.

Cites

References

Cite

APA: Copy

FALAH SHAMS, M.F.. (2009). A STUDY ON FACTORS INFLUENCING THE PRICE MANIPULATION IN TEHRAN'S STOCK MARKET. JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES), 9(2 (35)), 83-104. SID. https://sid.ir/paper/150906/en

Vancouver: Copy

FALAH SHAMS M.F.. A STUDY ON FACTORS INFLUENCING THE PRICE MANIPULATION IN TEHRAN'S STOCK MARKET. JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES)[Internet]. 2009;9(2 (35)):83-104. Available from: https://sid.ir/paper/150906/en

IEEE: Copy

M.F. FALAH SHAMS, “A STUDY ON FACTORS INFLUENCING THE PRICE MANIPULATION IN TEHRAN'S STOCK MARKET,” JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES), vol. 9, no. 2 (35), pp. 83–104, 2009, [Online]. Available: https://sid.ir/paper/150906/en

Related Journal Papers