Author = Hassan Zade Sarvestani, Ali

Developing a Comprehensive Pattern of Preventing Stock Price Manipulation in Iran’s Capital Market: A Grounded Theory Approach

Volume 2, Issue 3, Summer 2018, Pages 104-121

https://doi.org/10.22034/ijf.2018.96171

Seyed Mohamad Reza Seyed Nourani, Fathollah Tari, Ali Hassan Zade Sarvestani

Abstract The purpose of this research is to design a comprehensive model to prevent price manipulation in the Iranian capital market. The approach used in this research is qualitative and has been used as the research method from the theory of grounded data (grounded theory). The data collection was done in depth and open interviews with 26 capital market elites and professors and students from different universities. For data analysis, the comparison method has been used during three stages of open, axial and selective coding. With regard to the analysis of data, we have found that the comprehensive model for preventing price manipulation consists of six main categories, including regulatory mechanisms, legal mechanisms, educational mechanisms, cultural mechanisms, structural mechanisms and implementation of the pattern of prevention. The price manipulation is explained in detail. Finally, the circumstances, the conditions of the intervention, the conditions governing (strategies), the strategies and the consequences have been identified.