CEO Interviews on CNBC

@inproceedings{Meschke2002CEOIO,
  title={CEO Interviews on CNBC},
  author={J. Felix Meschke},
  year={2002}
}
  • J. Felix Meschke
  • Published 2002
This paper examines price and volume reactions to CEO interviews broadcast on CNBC between 1999 and 2001. Since interviews per se are nonevents, an analysis of the market response can be viewed as a simple test of the conjecture that enthusiastic public attention alone may move stock prices away from fundamentals. I document a significant mean price increase of 1.65 percent accompanied by higher trading volume on the day of the interview. Prices exhibit strong mean reversion of minus 2.78… CONTINUE READING

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p.134) 2 For example, Wharton Professor Jeremy Siegel recently told the LA Times: “I generally

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