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The value of communication: Evidence from inādepth investor relations management data.
- Source :
- Accounting & Finance; Dec2023, Vol. 63 Issue 4, p3873-3909, 37p
- Publication Year :
- 2023
-
Abstract
- This study investigated the value of investor communication in a firm's market valuations. The higher the frequency of communication and degree of investor involvement, the greater the increase in firm value. This effect is more prominent in companies with less information transparency, more volatile performance, and investor relations officers holding multiple executive positions and are highly experienced. Furthermore, investor relations (IR) activities can affect market valuations, including liquidity, market visibility, and institutional holdings. This study provided a new approach to measuring IR management and practical implications for governments to actively encourage companies to improve IR. [ABSTRACT FROM AUTHOR]
- Subjects :
- MARKET value
ENTERPRISE value
Subjects
Details
- Language :
- English
- ISSN :
- 08105391
- Volume :
- 63
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Accounting & Finance
- Publication Type :
- Academic Journal
- Accession number :
- 174238149
- Full Text :
- https://doi.org/10.1111/acfi.13074