Ryan J. Whitby
    Ryan J. Whitby

    Utah State University
    Jon M. Huntsman School of Business
    Economics and Finance Department

    Associate Professor

    CGO Papers
    The Amendment of the Stock Act and the Prices of Stocks Most Held by Congress

    Concerns about governmental insider trading stem from the possibility that government officials may have access to non-public information that allows them to benefit financially.

    How Does Lobbying Regulation Affect the Stock Prices of Firms That Lobby the Most?

    This research examines the effect of political activity on a firm’s value by analyzing the impact of a policy change that increased public disclosure requirements associated with lobbying. In 2007, Congress passed the Honest Leadership and Open Government (HLOG) Act to close loopholes left by previous legislation. The study’s authors use the Act as a negative shock to the effectiveness of lobbying to examine how the stock prices of firms that lobby were impacted surrounding passage of the legislation


    Ryan J. Whitby received his Ph.D. in Finance from the University of Utah in 2007.  He is currently an Associate Professor of Finance in the Department of Economics and Finance at the Jon M. Huntsman School of Business.  Ryan has broad research interests and has published articles in a variety of finance, real estate, and economics journals.  He enjoys the outdoors and can often be found falling down the mountains near USU on his mountain bike, snowboard, or skis.

    • Ph.D.  Finance University of Utah
    • MS Finance University of Utah
    • BA Business Administration Weber State University