【摘要】 以中国证监会对股价操纵的处罚决定为依据 ,对操纵特征和操纵效应进行了系统的实证研究 ,发现操纵主体、操纵客体以及操纵行为都具有明显特征 ,日平均超常成交量对操纵行为具有适时预警作用 ,日平均超常收益率对操纵行为具有事后检测作用 .更多还原

【Abstract】 Based on the punishment information of China Securities Regulatory Commission on stock-price manipulation,by researching systemically manipulation objections,manipulators and their behaviors,this paper studies the characters of these aspects and shows that manipulation behaviors can be forecasted or monitored by abnormal trading volume and abnormal return.更多还原