Skip navigation
Full metadata record
DC FieldValueLanguage
dc.contributor.authorJiang, Guolin-
dc.contributor.authorMahoney, Paul G.-
dc.contributor.authorMei, Jianping-
dc.date.accessioned2008-05-26T18:25:49Z-
dc.date.available2008-05-26T18:25:49Z-
dc.date.issued2004-09-
dc.identifier.urihttp://hdl.handle.net/2451/26529-
dc.description.abstractUsing a hand collected new data set, this paper examines in detail a classic account of stock market manipulation—the “stock pools” of the 1920s, which prompted the current anti-manipulation rules in the United States. We examine abnormal turnover and returns and the relationship between them, as well as the long-term performance of the selected stocks. We conclude that the evidence suggests informed trading rather than manipulation. Our findings have implications for regulatory policy as well as the investigation and prosecution of manipulation cases.en
dc.language.isoen_USen
dc.relation.ispartofseriesFIN-04-022en
dc.subjectManipulationen
dc.subjectMarket regulationen
dc.subjectPolitics of financeen
dc.titleMarket Manipulation: A Comprehensive Study of Stock Poolsen
dc.typeWorking Paperen
Appears in Collections:Finance Working Papers

Files in This Item:
File Description SizeFormat 
FIN-04-022.pdf191.86 kBAdobe PDFView/Open


Items in FDA are protected by copyright, with all rights reserved, unless otherwise indicated.