Stock Price Manipulation: The Role of Intermediaries
We model a scenario in which there are three types of investors: fundamentalists, speculators, and trend-followers and an intermediary who cares about his reputation. Fundamentalists are rational investors with long horizons who are interested in the dividend stream. Speculators are rational investo...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-10-01
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| Series: | International Journal of Financial Studies |
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| Online Access: | https://www.mdpi.com/2227-7072/5/4/24 |