Corporate executives offer rosier business forecasts if politically aligned with a U.S. president
Written by Black Hot Fire Network on November 26, 2022
TOPEKA — Corporate executives with political beliefs aligned with the person serving as president of the United States tend to express that partisan affinity with more optimistic business forecasts and disclosures, university researchers say.
Research published by faculty at the University of Kansas and San Diego State University indicated business officers, whether identified as supporters of Republican or Democratic presidents, had a propensity to inflate projections when a fan of the occupant of the White House.
“Even the most experienced financial market participants are susceptible to biases that affect their decision making,” said Mehmet Kara, a . . .
