University of Hertfordshire

From the same journal

Sermaye Piyasalarında Manipülasyon ve İMKB’deki Örnekleri

Research output: Contribution to journalReview article

  • Nurgul Chambers
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Original languageOther
Pages (from-to)p.62-72
JournalJournal of Accounting and Finance, Association of Accounting and Finance Academicians (AAFA) Publications
Journal publication dateOct 2004
IssueNo.24
Publication statusPublished - Oct 2004

Abstract

An effective capital market is one founded on the principles of trust and equality of opportunity. However, it is sometimes possible to observe market transactions and behaviour that violate these principles. Manipulation is defined as those activities aimed at the provision of unfair benefit stemming from the pricing of unjustified share values as reflected in irrational behaviour by certain market participants and the creation of unexpected volatility that misdirect investors . In order to protect individual investors, it is important that a strong legal framework is in place and that practical measures to eliminate any legal shortcomings and mispractices are rapidly implemented .Ensuring that a capital market is free from manipulation is an important factor in economic development.

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