DESIGNING A MODEL FOR REALIZING THE PROBABILITY OF CLOSING PRICE MANIPULATION IN TEHRAN STOCK EXCHANGE

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.

FALLAH SHAMS M.F.; BADPA AYUB; BADPA ESMAEIL

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

Journal Paper

Paper Information

Journal: FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT) Year:2015 | Volume:6 | Issue:24 Page(s): 135-151

Download Full-Text

Persian Verion

View:

859

Download:

Cites:

Information Journal Paper

Title

DESIGNING A MODEL FOR REALIZING THE PROBABILITY OF CLOSING PRICE MANIPULATION IN TEHRAN STOCK EXCHANGE

Author(s)

FALLAH SHAMS M.F. | BADPA AYUB | BADPA ESMAEIL | Issue Writer Certificate

Keywords

CLOSING PRICEQ2

MANIPULATIONQ2

LOGIT MODELQ2

BID-ASK SPEARDQ2

Abstract

The confidence to market health improves their liquidity and efficiency which is an important matter to capital market and stock exchange. The effect of public confidence to the market on investors’ decision is as important as the risk within these markets. Higher risk leads to lower efficiency, dampens market improvement and finally actuates capital to parallel markets. The economic and political news and rumors will directly affect the changes of market index. The effect of information and rumors on investors is reflexed in price changes and trading volume. So stock price manipulators are motivated to propagate wrong information and get illicit profit.In this research we study the concept of price MANIPULATION, especially CLOSING PRICE, and introduce a model for realizing the probability of CLOSING PRICE MANIPULATION. According to the results stock return, bid & ask price, trading frequency, trading volume and stock turnover determine the CLOSING PRICE MANIPULATION. The relationship among these variables is investigated in econometric models. The Logistic Regression model is used to predict the probability of CLOSING PRICE MANIPULATION. The sample is divided into two groups named manipulators and non-manipulators using run test and sign test. Then the logistic model is run on the basis of the results from these two tests. The estimated relationship confirms the research hypotheses.

Cites

No record.

References

Cite

APA: Copy

FALLAH SHAMS, M.F., BADPA, AYUB, & BADPA, ESMAEIL. (2015). DESIGNING A MODEL FOR REALIZING THE PROBABILITY OF CLOSING PRICE MANIPULATION IN TEHRAN STOCK EXCHANGE. FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT), 6(24), 135-151. SID. https://sid.ir/paper/197906/en

Vancouver: Copy

FALLAH SHAMS M.F., BADPA AYUB, BADPA ESMAEIL. DESIGNING A MODEL FOR REALIZING THE PROBABILITY OF CLOSING PRICE MANIPULATION IN TEHRAN STOCK EXCHANGE. FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT)[Internet]. 2015;6(24):135-151. Available from: https://sid.ir/paper/197906/en

IEEE: Copy

M.F. FALLAH SHAMS, AYUB BADPA, and ESMAEIL BADPA, “DESIGNING A MODEL FOR REALIZING THE PROBABILITY OF CLOSING PRICE MANIPULATION IN TEHRAN STOCK EXCHANGE,” FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT), vol. 6, no. 24, pp. 135–151, 2015, [Online]. Available: https://sid.ir/paper/197906/en

Related Journal Papers