摘要
运用操纵收益模型分析了股价操纵者模仿内幕交易者进行市场操纵的过程，并分析了影响操纵成功的因素及操纵者、跟风者的收益状况．研究结果表明：与操纵者相比，跟风者承担的风险较高，而获得的收益较低；减少市场内幕交易可以在一定程度上遏制市场操纵行为.
A manipulating profit model is used to analyze the manipulating process of a manipulator who acts as an insider. Then factors affecting manipulation and profits of the manipulator and the followers are studied. The analysis shows that the followers face more risks and get less profits compared with the manipulator. Market manipulation can be checked to some extent by reducing inside trades. When market value remains stable or grows stably, it is easier to manipulate stock prices. Therefore, the market supervisor should pay more attention to market activities.
出处
《同济大学学报（自然科学版）》
EI
CAS
CSCD
北大核心
2007年第6期749-749,共1页
Journal of Tongji University:Natural Science
关键词
股票市场
模型分析
操纵者
行为
收益
交易
股价
stock
stock market
manipulation
stock price manipulation
inside trade
