Meeting The President Boosts Share Prices

June 16, 2017 in Daily Bulletin

Peter Coy covered research into the relationship between business and the Oval Office during the Obama years:

  • Companies that had executives meet with the President and other senior figures went onto perform 0.9% better than the wider stock market.
  • The boost comes in the 10 days leading up to the meeting, and lasts for more than a month.
  • The analysis excludes meetings with more than 50 people as there would be little face time with the President.
  • The companies that benefitted from meeting with the Obama administration underperformed when news of Trump winning the election broke.
  • It’s unclear if the relationship continues to hold under President Trump: his administration does ;not make the visitor log public.

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