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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.

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Spelling suggestions: "subject:"corporate jet"" "subject:"eorporate jet""

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Unexpected Turbulence: An Event Study of President Obama's June 29, 2011 Press Conference and Its Effect on Aircraft Manufacturers

Jiwanlal, Nathan A. 01 January 2012 (has links)
On June 29, 2011, President Barack Obama held a press conference regarding the nation's budget deficit. During the conference, President Obama mentioned corporate jet owners six times, criticizing their desire to maintain an accelerated depreciation tax break. The President's comments were met with strong criticism from aircraft manufacturers and members of the aviation community. Based on the underlying assumption that new information is rapidly incorporated into stock prices, the press conference likely had a negative impact on the stock returns of aircraft and aircraft parts manufacturers. This paper uses a financial events study to determine whether or not the press conference significantly hurt the stock prices of aircraft manufacturers.
Business Aviation
Corporate jets
President Obama
Event study
June 29
2011 White House press conference
Behavioral Economics
Business
Economics
Finance

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