Title :
In and out, scream and shout: an Internet conversation about stock price manipulation
Author :
Campbell, John A.
Author_Institution :
Sch. of Manage., Griffith Univ., Brisbane, Qld., Australia
Abstract :
The Internet plays an important role in the dissemination of information about exchange traded stocks. This information can come from a variety of sources, including disclosures provided through an official company Web site or the "rumors" and "tips" frequently posted on any one of the many Internet investment forums located around the world. The rapid development and acceptance of Internet technology presents many difficulties for regulators who may recognize the substantial benefits offered by the technology, but must balance this against the potential for unscrupulous individuals to manipulate others. This paper analyzes a series of posts to an Australian financial forum about a small and thinly traded company listed on the Australian Stock Exchange. The analysis provides insights into community views on the substance and ethics of stock price manipulation and the role of Internet forums.
Keywords :
Internet; financial data processing; information dissemination; investment; professional aspects; stock markets; Australian Stock Exchange; Australian financial forum; Internet conversation; Internet investment forums; Internet regulation; community views; disclosures; ethics; exchange traded stocks; information dissemination; official company Web site; rumors; stock price manipulation; thinly traded company; tips; unscrupulous individuals; Australia; Business; Communications technology; Discussion forums; Ethics; Humans; Internet; Investments; Regulators; Stock markets;
Conference_Titel :
System Sciences, 2001. Proceedings of the 34th Annual Hawaii International Conference on
Conference_Location :
Maui, HI, USA
Print_ISBN :
0-7695-0981-9
DOI :
10.1109/HICSS.2001.926503