Art Durnev

Associate Professor, Department of Finance, Henry B. Tippie College of Business, The University of Iowa.

Political Speech and Economic Outcomes: Running the Numbers

Professors Art Durnev, Larry Fauver and Nandini Gupta present a summary of the findings of their textual analysis of gubernatorial speeches in the United States and find a positive association between the level of optimism expressed in the speech and abnormal returns of firms headquartered in that state. They also find that a more optimistic gubernatorial speech is associated with …

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