23 Pages Posted: 15 Jun 2017 Last revised: 3 Aug 2017
Date Written: August 3, 2017
We analyze the impact of tweets from President Trump's official Twitter accounts from November 9, 2016 to February 28, 2017 that include the name of a publicly traded company. We find that these tweets move company stock prices and increase trading volume, volatility and investor attention, with a stronger impact before the presidential inauguration.
Keywords: Twitter, Company-Specific Tweets, President Trump, Stock Price, Trading Volume, Volatility, Investor Attention, Event Study
JEL Classification: G12, G14
Suggested Citation: Suggested Citation
Ge, Qi and Kurov, Alexander and Wolfe, Marketa Halova, Stock Market Reactions to Presidential Company-Specific Statements: Evidence from Twitter (August 3, 2017). Available at SSRN: https://ssrn.com/abstract=2986350