Market Manipulation and Corporate Finance: A New Perspective
回顾了公司金融背景下的市场操纵文献,并提出了将公司视为股价操纵者的新视角,为金融管理提供统一框架和新见解。
The purpose of this paper is twofold. First, we review the market manipulation literature in the context of corporate finance and study its implications for financial management. Second, we provide a new perspective on corporate finance theory, viewing the corporation as a manipulator of its share value. This second motivation provides a unifying framework for corporate finance and it provides some new insights.