New research shows that visiting the White House during the Obama years yielded a payoff in the stock price of the visitor’s company. Will the same be true of the Trump years?
We may never know, because President Donald Trump has ended Barack Obama’s practice of making the visitor log public.
The study, released late last month on the website of the National Bureau of Economic Research, found that the shares of companies whose top executives visited White House officials performed about 0.9 percentage point better than the overall stock market after the visits. The authors, Jeffrey Brown and Jiekun Huang, finance professors in the College of Business at the University of Illinois at Urbana-Champaign, say the stock-market lift occurred from 10 trading days before the meetings to 40 trading days after them. They reviewed 2,286 meetings between corporate executives and federal government officials at the White House from 2009 through 2015 , excluding meetings with 50 or more