How Investor Relations Contributes to the Corporate Bottom Line

Laskin, Alexander

doi:10.1080/1062726x.2011.582206

Cited by 67 publications

(72 citation statements)

References 18 publications

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“…According to international best practices, the board chairman, the CEO and other top managers should meet the company's major shareholders and institutional investors to present them the firm's strategies and periodic results: these meetings are also useful to collect feedback and gain a perception of the financial community's concerns. Moreover, large companies usually establish an investor relations (IR) department to satisfy shareholders' information needs and to deal with market operators [139,140].…”

Section: Shareholders and Other Providers Of Financial Capitalmentioning

confidence: 99%

Sustainability and Convergence: The Future of Corporate Governance Systems?

2016

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In today's world, a sustainable approach to corporate governance can be a source of competitive advantage and a long-term success factor for any firm. Sustainable governance requires that the board of directors considers economic, social and environmental expectations in an integrated way, no matter what ownership structure and formal rules of corporate governance apply to the company: this mitigates the traditional differences between insider and outsider systems of corporate governance. Previous studies failed to consider the contribution of sustainability in the process of corporate governance convergence. Therefore, the aim of this article is to fill the gap in the existing literature by means of a qualitative analysis, supporting the international debate about convergence of corporate governance systems. The article describes the evolution of outsider and insider systems in the light of the increasing importance of sustainability in the board's decision-making and firm's operation to satisfy the needs of all the company's stakeholders. According to this, a qualitative content analysis developed with a directed approach completes the theoretical discussion, demonstrating that sustainability can bring de facto convergence between outsider and insider corporate governance systems. The article aims to be a theoretical starting point for future research, the findings of which could also have practical implications: the study encourages the policy makers to translate the sustainable business best practices into laws and recommendations, strengthening the mutual influence between formal and substantial convergence.

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Section: Shareholders and Other Providers Of Financial Capitalmentioning

confidence: 99%

Sustainability and Convergence: The Future of Corporate Governance Systems?

2016

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“…О самой известной истории смотреть, например [Голубицкий, 2004]. Для современного этапа этого развития -«эры синергии» -характерна направленность усилий IR-специалистов не на максимизацию стоимости ценных бумаг компаний, а на их справедливую оценку, на лучшее понимание всех аспектов деятельности компании инвестиционным сообществом и «управление ожиданиями» инвесторов и аналитиков Laskin, 2010, p. 20;Laskin, 2011;…”

Section: институциализация Ir: история и современное положение делunclassified

Отношения с инвесторами (Investor Relations): международный контекст, российская практика

Volkova¹

2017

КФ

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Статья посвящена вопросам формирования особой сферы корпоративных коммуникаций - отношений с инвесторами (investor relations, IR) в мировой и российской практике. Обсуждаются особенности формирования предметного поля и организации профессиональной деятельности в области IR, ее задачи и функции, модели взаимодействия компаний с инвестиционным сообществом. Рассмотрены особенности институциализации профессиональной деятельности и современное состояние IR в России по сравнению с другими странами. В первой части статьи дается обзор особенностей и основных этапов развития отношений с инвесторами в зарубежных компаниях; обсуждаются практики организации IR в бизнесе, основные направления и результаты академических исследований в этой области. Вторая часть статьи посвящена российскому дискурсу отношений с инвесторами: обсуждаются проблемы организации профессиональной деятельности, образования и академических публикаций в области IR в нашей стране; обобщаются данные о структуре и содержании информации, представляемой службами IR крупнейших российских компаний. Информационной базой эмпирической части исследования служат Интернет-сайты первых ста крупнейших по объему реализации продукции за 2014 год российских компаний, входящих в рейтинг RAEX-600. В работе показано, что: (1) профессиональное сообщество специалистов в области ШК в России находится в стадии формирования, хотя институциональная основа его функционирования (профессиональные ассоциация и журнал, а также ряд специальных дисциплин в образовательных программах ведущих московских вузов) уже созданы; (2) интерес к академическим исследованиям за период 2003-2015 гг. вырос весьма незначительно, а в публикационной динамике выявлено влияние финансового кризиса 2008-2009 гг.; (3) практики представления информации для инвесторов на сайтах российских компаний не стандартизированы, наблюдаются заметные различия в структуре и объеме представляемой информации; (4) содержание информации, предназначенной инвесторам крупнейших российских компаний на их сайтах, в целом соответствует мировой практике IR.

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“…Kelly et al's (2010) study of members of the National Investor Relations Institute (NIRI) and the Financial Communications Section of the Public Relations Society of America (PRSA) found that public relations practitioners predominately practice press agentry as investor relations officers practice two-way symmetrical communication. Laskin (2011) surveyed investor relations officers from public companies and agencies to examine their perceptions of the contribution investor relations makes to public companies. The major impact that investors have on a public company's ability to survive, let alone be successful in both the near and longer term, may provide the rationale and motivation for investor relations practitioners to more fully embrace the two-way symmetrical model than their colleagues (Grunig, 1992).…”

Section: Investor Relations Literaturementioning

confidence: 99%

“…It is noteworthy that investor relations professionals are practicing Grunig's normative model more frequently than public relations professionals are. The participants also suggested that intangibles, such as management reputation, comprise the majority of the criteria used for making investments (Laskin, 2011). Laskin (2011) surveyed investor relations officers from public companies and agencies to examine their perceptions of the contribution investor relations makes to public companies.…”

Section: Investor Relations Literaturementioning

confidence: 99%

“…Given that intangibles, including how investors perceive management, can constitute more than 50% of the criteria for investment decisions (Laskin, 2011), underestimating the importance of a relationship with investors characterized by mutual respect and a demonstrated commitment to two-way communication can jeopardize a public company's appeal to investors and, ultimately, its ability to achieve a fair valuation. Given that intangibles, including how investors perceive management, can constitute more than 50% of the criteria for investment decisions (Laskin, 2011), underestimating the importance of a relationship with investors characterized by mutual respect and a demonstrated commitment to two-way communication can jeopardize a public company's appeal to investors and, ultimately, its ability to achieve a fair valuation.…”

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confidence: 99%

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Investor Relations from the Perspective of CEOs

Chandler

2014

International Journal of Strategic Communication

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This study answers the call for research exploring the relevance of an established public relations theory, relationship management, to investor relations. Having emerged during the 1950s, investor relations is a relatively new field that integrates the disciplines of communication, marketing, finance, and compliance with securities laws. Through qualitative interviews, the study provides insight into the relationship management function of investor relations from the perspectives of those whom investors ultimately hold accountable for a public company's performance-CEOs. The dominant theme emerging from the study is the constant challenge CEOs of public companies face as they engage in relationships with investors, primarily due to the constraining effects of regulatory requirements. Although the study generally confirmed that the interviewees value Hon and Grunig's qualities of trust, satisfaction, control mutuality and commitment in relationships with investors, CEOs' most frequently discussed relationship quality that they work to achieve is trust.Correspondence should be sent to Constance S. Chandler, Journalism and Communication, MS 1275,

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How Investor Relations Contributes to the Corporate Bottom Line

Cited by 67 publications

References 18 publications

Sustainability and Convergence: The Future of Corporate Governance Systems?

Sustainability and Convergence: The Future of Corporate Governance Systems?

Отношения с инвесторами (Investor Relations): международный контекст, российская практика

Investor Relations from the Perspective of CEOs

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