Özet:
This research investigates the type of intermediary institutions chosen by
the manipulators for their manipulative trading. Univariate and multivariate
analyses are performed and three variables having significant effect on the
manipulators’ choice of intermediary institution for their manipulative
trading are found. These variables are being publicly traded, size in terms of
total assets, and gross profit margin. Being publicly traded and size are
positively; gross profit margin is negatively related to the manipulators’
choice of intermediary institution for their manipulative trading. Managers
of the intermediary institutions and regulators should be aware of these
results and regulators should scrutinize high volume transactions conducted
through this type of intermediary institutions more closely.