Author

Chonglin Wu

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Open access Aug 2026

Stock Price Manipulation and the Cost of Debt

Empirical evidence on the real effects of stock price manipulation remains scarce. We identify suspicious market manipulation in China's stock market by applying a detection model for closing‐price manipulation and by using the 2018 reform of the Shanghai Stock Exchange's closing auction mechanism as an exogenous pol...

J. Jiang, Jie Liu, Chonglin Wu et al. · Journal of Business Finance... · 0 citations