IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v65y2025i3p2626-2648.html
   My bibliography  Save this article

Does Regulatory Attention Towards Trading Manipulation Curb Stock Price Volatility?

Author

Listed:
  • Yuxin Wang
  • Yilin Luo
  • Chenkai Ni
  • Jianqiao Hong

Abstract

We examine whether regulatory attention towards trading manipulation curbs stock price volatility. Exploiting a unique setting in China in which the regulators announced investigations into trading manipulations of selected newly listed firms, we find a significant postinvestigation decline in the price volatility of all newly listed firms. The volatility reduction is stronger for stocks that are more subject to manipulations, that is, stocks with higher uncertainty, lower analyst attention and lower media attention. Furthermore, newly listed firms also experience a reduction in online discussions and trading volume of individual investors who are plausible counterparties of manipulators.

Suggested Citation

  • Yuxin Wang & Yilin Luo & Chenkai Ni & Jianqiao Hong, 2025. "Does Regulatory Attention Towards Trading Manipulation Curb Stock Price Volatility?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(3), pages 2626-2648, September.
    • Handle: RePEc:bla:acctfi:v:65:y:2025:i:3:p:2626-2648
    DOI: 10.1111/acfi.70009
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.70009
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.70009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:65:y:2025:i:3:p:2626-2648. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.