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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