Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JOI
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Investing
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Investing

The Journal of Investing

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JOI
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Article

“Fake” Tariff News: Is Corporate America Concerned with Trade Wars?

Julia Klevak, Joshua Livnat, Duo Pei and Kate Suslava
The Journal of Investing joi.2019.1.088; DOI: https://doi.org/10.3905/joi.2019.1.088
Julia Klevak
is a vice president, Systems Development at QMA in Newark, NJ
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Joshua Livnat
is a professor emeritus at New York University and managing director at QMA in Newark, NJ
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Duo Pei
is a Ph.D. student at Rutgers University in Newark, NJ
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Kate Suslava
is an assistant professor at Bucknell University in Lewisburg, PA
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 

Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The effect a trade war would have on corporate America is a widely disputed hot topic. On one hand, the trade dispute may discourage abusive trade practices by foreign companies; on the other, it may hurt American exporters, raise costs for manufacturers, and interrupt companies’ supply chains. We shed some light on this question by examining the language of earnings call transcripts in the April-August 2018 period, the earliest voluntary disclosure by US companies to communicate their views on this topic to investors. We find that the tone of the conference calls in which companies mention trade tariffs is more negative than a matched control sample. We also find that investors do not share in the pessimism expressed by call participants, and actually reward tariff talk with higher but more volatile stock returns.

TOPICS: Fundamental equity analysis, legal/regulatory/public policy, performance measurement

  • © 2019 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
Next
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Investing: 31 (5)
The Journal of Investing
Vol. 31, Issue 5
August 2022
  • Table of Contents
  • Index by author
  • Complete Issue (PDF)
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Investing.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
“Fake” Tariff News: Is Corporate America Concerned with Trade Wars?
(Your Name) has sent you a message from The Journal of Investing
(Your Name) thought you would like to see the The Journal of Investing web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
“Fake” Tariff News: Is Corporate America Concerned with Trade Wars?
Julia Klevak, Joshua Livnat, Duo Pei, Kate Suslava
The Journal of Investing May 2019, joi.2019.1.088; DOI: 10.3905/joi.2019.1.088

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
“Fake” Tariff News: Is Corporate America Concerned with Trade Wars?
Julia Klevak, Joshua Livnat, Duo Pei, Kate Suslava
The Journal of Investing May 2019, joi.2019.1.088; DOI: 10.3905/joi.2019.1.088
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • TEXTUAL ANALYSIS
    • CALL SENTIMENT
    • MARKET REACTION
    • ADDITIONAL TESTS
    • CONCLUSIONS
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • The Most Destructive Behavioral Bias
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 1068-0896 | E-ISSN: 2168-8613

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy