Larry Fauver

Associate Professor, James. F. Smith, Jr. Professor of Financial Institutions, and Research Fellow,. Neel Corporate Governance Center. University of Tennessee. Department ofFinance. Haslam College of Business.

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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