Legitimizing Disclosures in an Anomic Environment: An Examining of Citigroup's $13 Billion Euro-Bond Short Sale
On August 2, 2004, Citigroup traders based in the UK sold short more than $13 billion worth of government bonds only to buy them back seconds later at a profit of about $18.2 million dollars. This strategy was carefully planned, the consequences acknowledged by key participants, and it was profitable to the serious detriment of other market participants. The event is ethically questionable because it violates the spirit of European regulation. The purpose of this study is to investigate disclosures made by and about Citigroup surrounding a regulatory investigation into this short-sale within the contexts of legitimacy and institutional anomie theories.
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Bachelor of Science (B.S.)
College of Business Administration
Business Administration -- Dissertations, Academic; Dissertations, Academic -- Business Administration
Length of Campus-only Access
Honors in the Major Thesis
Fiorentino, Angelica, "Legitimizing Disclosures in an Anomic Environment: An Examining of Citigroup's $13 Billion Euro-Bond Short Sale" (2007). HIM 1990-2015. 672.