haku: @indexterm share prices / yhteensä: 1009
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| Tekijä: | Kim, K.A. Park, J. |
| Otsikko: | Why do price limits exist in stock markets? a manipulation-based explanation |
| Lehti: | European Financial Management
2010 : MAR, VOL. 16:2, p. 296-318 |
| Asiasana: | price control stock markets volatility share prices |
| Vapaa asiasana: | manipulation-based regulators |
| Kieli: | eng |
| Tiivistelmä: | The paper is the first to formally propose a manipulation-based rationale for the existence of price limits in stock markets. The author derives a simple model suggests that price limits may deter stock market manipulators. Based on the model's implications, They predict that regulators impose price limit rules for markets where the likelihood of manipulation is high. |
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