Abstract

https://ssrn.com/abstract=918519
 
 

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Warnings from the Enron Message Board


James Felton


Central Michigan University - Department of Finance and Law

Jongchai Kim


Mississippi Valley State University


Journal of Investing, Vol. 11, No. 3, pp. 29-52, Fall 2002

Abstract:     
As Enron collapsed in the Summer and Fall of 2001, most Wall Street analysts maintained either buy or strong buy recommendations for Enron common stock. The largest bankruptcy in U.S. history was often described as coming without warning, as $60 billion in market capitalization vanished. We searched postings on the Yahoo! Enron Message Board between 1997 and 2001 for warnings of a crash to come. We found a compelling four-year history of Enron as told by apparent insiders through anonymous posts. Excerpts of 129 posts from Enron's Yahoo! message board, describing a disturbing corporate culture at Enron, include repeated warnings to investors to get out while they can.

Number of Pages in PDF File: 36

Keywords: Enron, message board, scandal, inside information, governance

JEL Classification: D82, G11, G14, G24, G38, M52


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Date posted: July 25, 2006  

Suggested Citation

Felton, James and Kim, Jongchai, Warnings from the Enron Message Board. Journal of Investing, Vol. 11, No. 3, pp. 29-52, Fall 2002. Available at SSRN: https://ssrn.com/abstract=918519

Contact Information

James Felton (Contact Author)
Central Michigan University - Department of Finance and Law ( email )
332 Sloan Hall
Mount Pleasant, MI 48859
989-774-3269 (Phone)
989-774-6456 (Fax)
Jongchai Kim
Mississippi Valley State University
Itta Bena, MS 38941
United States
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