Impact of Corporate Response to Controversial Presidential Statements or Policies on Shareholder Price

30 Pages Posted: 22 Aug 2019

Date Written: August 14, 2019

Abstract

This research explores the obligation, if any, a corporate leader has to make a statement in regards to communications issued by the President of the United States perceived as inconsistent with the values of the corporation and further assesses the financial impact of making a statement using an accounting method to assess stock change based on earnings announcements. The study focuses on corporate integrity within the framework of three controversial communications made during President Trump’s first year of office and specifically offers a case study in regards to the corporate leaders who served on his presidential advisory councils. The paper provides an answer to the question, "Does what a CEO says in response to the President impact the corporation's financial bottom line?"

Keywords: corporate social responsibility, CEO activism, corporate values

Suggested Citation

El-Jourbagy, Jehan, Impact of Corporate Response to Controversial Presidential Statements or Policies on Shareholder Price (August 14, 2019). Available at SSRN: https://ssrn.com/abstract=3437333 or http://dx.doi.org/10.2139/ssrn.3437333

Jehan El-Jourbagy (Contact Author)

Georgia College ( email )

Milledgeville, GA 31061-0490
United States
4784458662 (Phone)
31061 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
68
Abstract Views
676
rank
443,273
PlumX Metrics