Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/869
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dc.contributor.authorİmişiker, Serkan-
dc.contributor.authorTaş, Bedri Kamil Onur-
dc.date.accessioned2019-03-28T12:40:02Z
dc.date.available2019-03-28T12:40:02Z
dc.date.issued2018-12-01
dc.identifier.citationImisiker, S., & Tas, B. K. O. (2018). Wash trades as a stock market manipulation tool. Journal of Behavioral and Experimental Finance, 20, 92-98.en_US
dc.identifier.issn2214-6350
dc.identifier.urihttps://doi.org/10.1016/j.jbef.2018.08.004-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/869-
dc.description.abstractThis study empirically investigates the profitability of one of the most widely used trade-based manipulation tools, namely wash trading. Using a unique account-level data set for the period 2003–2006 from the Istanbul Stock Exchange (ISE), we generate a measure for the usage of wash trades for each individual account and examine whether wash trading provides excess returns for investors. Our empirical results reveal that significant numbers of investors perform wash trades. In addition, we analyze the optimal percentage of wash trades at which investors maximize excess profits. We find that having up to 10% of total trades as wash trades is the most profitable range, with a 0.5% monthly excess return.en_US
dc.language.isoenen_US
dc.publisherElsevier B. V.en_US
dc.relation.ispartofJournal of Behavioral and Experimental Financeen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectMarket structureen_US
dc.subjectWash tradesen_US
dc.subjectTrade-based manipulationen_US
dc.titleWash Trades as a Stock Market Manipulation Toolen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümütr_TR
dc.identifier.volume20
dc.identifier.startpage92
dc.identifier.endpage98
dc.authorid0000-0001-5418-777X-
dc.identifier.wosWOS:000451405400011en_US
dc.identifier.scopus2-s2.0-85053728822en_US
dc.institutionauthorTaş, Bedri Kamil Onur-
dc.identifier.doi10.1016/j.jbef.2018.08.004-
dc.identifier.doi10.1016/j.jbef.2018.08.004-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ2-
item.openairetypeArticle-
item.languageiso639-1en-
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
crisitem.author.dept04.01. Department of Economics-
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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