JOURNAL ARTICLE

Stock market reactions to firm visits by presidents of the United States: George H. W. Bush through Donald J. Trump.

  • Published In: Presidential Studies Quarterly, 2023, v. 53, n. 3. P. 383 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Green, Colby D.; Schuler, Douglas A.; Zavyalova, Anastasiya; Swartz, Richard J.; Nault, Kristen; Kazi, Asiya K. 3 of 3

Abstract

We examine stock market reactions to public company visits and the public comments made therein by five presidents (George H. W. Bush through Donald J. Trump) over three decades (from 1989 to 2019). We find striking evidence that investors value these visits during periods of unified government or when the president announces favorable policy. However, a president's praise during the visit and his popularity at the time of the visit do not appear to have an impact on investors' reactions. Our findings suggest that investors value affiliation with the president only when they perceive opportunities to obtain substantive policy benefits. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Presidential Studies Quarterly. 2023/09, Vol. 53, Issue 3, p383
  • Document Type:Article
  • Subject Area:Military History and Science
  • Publication Date:2023
  • ISSN:0360-4918
  • DOI:10.1111/psq.12842
  • Accession Number:170026665
  • Copyright Statement:Copyright of Presidential Studies Quarterly is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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