Stock market manipulation: a systematic literature review on prominent aspects and guidance for future research
Collins G. Ntim et al.
What the paper says
This paper provides a comprehensive and up-to-date systematic review of the empirical literature on stock market manipulation by analysing and synthesising the findings from 94 peer-reviewed articles published between 2000 and 2025. Our results show that the current empirical studies focus on the (i) motivations and consequences, (ii) strategies and techniques, (iii) detection methods and (iv) regulation and prevention methods of stock manipulation. Given that stock market manipulation has various detrimental effects on capital markets worldwide, our in-depth systematic review sheds light on the prominent aspects in this area to help all market stakeholders better understand the relevant reasons, issues and consequences of stock manipulation. Our study also offers promising directions to researchers for the on-going stock manipulation research and further advancement in interdisciplinary studies. We further provide all market stakeholders and regulators with practical insights into detecting and preventing stock manipulation.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.