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Author: Karla Linden Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This dissertation examines Capital Market Days as an Investor Relations instrument. Capital Market Days have been increasingly demanded and valued by analysts and institutional investors, especially since the Markets in Financial Instruments Directive II (MiFID II) came into force in 2018. At the same time, academic research on Capital Market Days is at a very early stage. Only one empirical study exists so far, focusing on the US market. This dissertation significantly contributes to previous academic research by examining Capital Market Days in another geographical area as well as by uncovering so far unexamined aspects of Capital Market Days. The empirical analyses are based on a dataset of 382 Capital Market Days hosted by DAX, MDAX, SDAX, and TecDAX listed corporations from 2000 to 2017. The descriptive statistics reveal that Capital Market Days are increasingly used by German corporations with the majority of the 160 companies in the sample having already made use of this disclosure instrument. The results of the logistic regression show that the likelihood of hosting a Capital Market Day increases for companies with a higher demand for information, higher complexity, greater need for reputation improvement, more extensive hosting history, and fewer other face-to-face interaction events. According to the results of the event study, the cumulative average abnormal return equals 1.06 percent in the 31-day event window. This return behavior is primarily driven by high levels of awareness in the pre-event period. From the event date on, the returns stabilize and remain on the high pre-event level, suggesting that Capital Market Days are informative disclosure events. The results of the multiple regression demonstrate that the share price reaction is particularly pronounced for companies with a lower visibility, more intangible assets, a higher leverage ratio, a financial loss in the previous year, and experience in hosting int.
Author: Karla Linden Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This dissertation examines Capital Market Days as an Investor Relations instrument. Capital Market Days have been increasingly demanded and valued by analysts and institutional investors, especially since the Markets in Financial Instruments Directive II (MiFID II) came into force in 2018. At the same time, academic research on Capital Market Days is at a very early stage. Only one empirical study exists so far, focusing on the US market. This dissertation significantly contributes to previous academic research by examining Capital Market Days in another geographical area as well as by uncovering so far unexamined aspects of Capital Market Days. The empirical analyses are based on a dataset of 382 Capital Market Days hosted by DAX, MDAX, SDAX, and TecDAX listed corporations from 2000 to 2017. The descriptive statistics reveal that Capital Market Days are increasingly used by German corporations with the majority of the 160 companies in the sample having already made use of this disclosure instrument. The results of the logistic regression show that the likelihood of hosting a Capital Market Day increases for companies with a higher demand for information, higher complexity, greater need for reputation improvement, more extensive hosting history, and fewer other face-to-face interaction events. According to the results of the event study, the cumulative average abnormal return equals 1.06 percent in the 31-day event window. This return behavior is primarily driven by high levels of awareness in the pre-event period. From the event date on, the returns stabilize and remain on the high pre-event level, suggesting that Capital Market Days are informative disclosure events. The results of the multiple regression demonstrate that the share price reaction is particularly pronounced for companies with a lower visibility, more intangible assets, a higher leverage ratio, a financial loss in the previous year, and experience in hosting int.
Author: Bruce W. Marcus Publisher: John Wiley & Sons ISBN: 0471141534 Category : Business & Economics Languages : en Pages : 434
Book Description
The acknowledged bible on investor relations Investor relations is an essential facet of any publicly tradedcompany, inevitably affecting its stock price, investments, andliquidity. Maximizing Your Investor Relations provides practicalguidance needed to master this complex undertaking and advocatepersuasively on your company's behalf to achieve greaterrecognition and value. Comprehensive and thoughtful, it focuses oncontrolling the day-to-day mechanics of investor relations to moreeffectively compete for capital.
Author: M. Choudhry Publisher: Springer ISBN: 0230279384 Category : Business & Economics Languages : en Pages : 566
Book Description
Revised and updated guide to some of the most important issues in the capital markets today, with an emphasis on fixed-income instruments. Fundamental concepts in equity market analysis, foreign exchange and money markets are also covered to provide a comprehensive overview. Analysis and valuation techniques are given for practical application.
Author: Alexander V. Laskin Publisher: John Wiley & Sons ISBN: 1119240816 Category : Language Arts & Disciplines Languages : en Pages : 708
Book Description
The first book to offer a global look at the state-of-the-art thinking and practice in investor relations and financial communication Featuring contributions from leading scholars and practitioners in financial communication and related fields—including public relations, corporate communications, finance, and accounting— this volume in the critically acclaimed “Handbooks in Communication and Media” seriesprovides readers with a comprehensive, up-to-date picture of investor relations and financial communications as they are practiced in North America and around the world. The Handbook of Financial Communication and Investor Relations provides an overview of the past, present, and future of investor relations and financial communications as a profession. It identifies the central issues of contemporary investor relations and financial communications practice, including financial information versus non-financial information, intangibles, risk, value, and growth. Authors address key topics of concern to contemporary practitioners, such as socially responsible investing, corporate governance, shareholder activism, ethics, and professionalism. In addition, the book arms readers with metrics and proven techniques for reliably measuring and evaluating the effectiveness of investor relations and financial communications. Bringing together the most up-to-date research on investor relations and financial communication and the insights and expertise of an all-star team of practitioners, The Handbook of Financial Communication and Investor Relations: Explores how the profession is practiced in various regions of the globe, including North America, South America, Europe, the Middle East, India, Australia, and other areas Provides a unique look at financial communication as it is practiced beyond the corporate world, including in families, the medical profession, government, and the not-for-profit sector Addresses “big-picture” strategies as well as specific tactics for financial communication during crises, the use of social media, dealing with shareholder activism, integrated reporting and CSR, and more This book makes an ideal reference resource for undergrads and graduate students, scholars, and practitioners studying or researching investor relations and financial communication across schools of communication, journalism, business, and management. It also offers professionals an up-to-date, uniquely holistic look at best practices in financial communication investor relations worldwide.
Author: Thomas J. Lauria Publisher: Lulu.com ISBN: 0557007631 Category : Business & Economics Languages : en Pages : 124
Book Description
The primary objective of this handbook is to create a comprehensive knowledge base on the broad and sometimes misunderstood topic of investor relations, the center of most corporate communications programs. The approach taken was to first develop a thorough understanding of Wall Street itself. Having been a Fortune 25 Investor Relations Director as well as a Sr. Equity Analyst and Equity Research Director, the perception of what is needed by the financial community is quite different than what many investor relations officers believe. Driving a "hyperactive" Investor Relations program is the ultimate aim of this text. The author believes that the insight provided herein will enable new IROs to best understand their new profession and enable existing practitioners to add additional elements to their marketing programs that will enhance shareholder understanding and value. The author's website can be viewed at www.tomlauria.com.
Author: Poul Lykkesfeldt Publisher: Springer Nature ISBN: 3031058003 Category : Business & Economics Languages : en Pages : 342
Book Description
Investor Relations and ESG Reporting in a Regulatory Perspective is a comprehensive and detailed practical guide for financial market participants, focusing on the stock market, written for practitioners by practitioners. The main themes of the book include the challenging integration of investor relations (IR) and the non-financial reporting of environmental, social and governance (ESG). Further, the book provides a comprehensive overview of the complex regulatory framework of the European Union (EU) related to the financial markets, including the expected global trends in this area. This includes financial legislation such as MiFID II, MiFIR and MAR along with non-financial legislation like the EU’s taxonomy, CSRD and SFDR. In addition, this book explores the non-financial reporting standards of GRI, TCFD, CDSB, IBC, SASB, IRRC and the upcoming ISSB, and discusses the UN’s Sustainable Development Goals (SDGs). In addition, the book provides a practical guide regarding IR in special situations, e.g. in connection with takeover response manuals, M&A, investor activism, initial public offerings (IPOs), as well companies’ collaboration with e.g. investment banks and corporate finance advisers, financial PR and IR advisers in such situations. The suggested audience of the book includes board members and senior management of in particular listed companies, and companies considering an IPO; professionals working in the fields of IR, ESG and communications; institutional and retail investors; private equity executives; venture capitalists; investment bankers; legal practitioners; accountants and auditors; financial journalists; and politicians. Finally, university and business students may benefit from an insight into the dynamics of the financial markets and the direction they are moving, a possible inspiration for choosing a future career.
Author: A. Guimard Publisher: Springer ISBN: 0230595111 Category : Business & Economics Languages : en Pages : 205
Book Description
This practical guide on the theory and practice of Investor Relations combines the art and science of marketing, financial analysis and financial communications in a single source. It offers expert advice and helpful tips to be used in real business life by corporate executives, financial analysts, students, and anyone competing for capital.
Author: Bruce W. Marcus Publisher: John Wiley & Sons ISBN: 0471448621 Category : Business & Economics Languages : en Pages : 242
Book Description
Praise for Competing for Capital "An indispensable guide for investor relations and communication counselors alike. With more individual investors in the market than ever before, this book makes navigating the new regulatory playing field much more possible--and makes clear the path to victory." --Michael W. Robinson Director, Levick Strategic Communications; Former Director of Public Affairs and Policy, U.S. Securities and Exchange Commission (SEC); Director of Media Relations, NASD "More than simply writing a textbook on IR, Bruce Marcus shares his wealth of experience and critical viewpoint with those seeking to understand a fast-changing profession." --June Filingeri President of Comm-Partners LLC, Investor Relations Consultant, and Educator "Bruce Marcus puts some solid ground under the shifting landscape of being an investor relations professional. A must-read primer for public companies." --Robert C. Roeper Managing Director, VIMAC Ventures, LLC "As the song lyrics go, 'everything old is new again,' but this time with a vengeance. Disclosure has always been the touchstone of securities laws, but now more disclosure is required on a real-time basis with heightened accountability. Competing for Capital is a must-read for those in the securities industry, providing insights into securities markets, the information age and technology, and their impact on the job of investor relations professionals. Investors come in all shapes and sizes from around the globe, and investor relations personnel have their work cut out for them to provide clear, comprehensible, and comprehensive information, accessible to the novice and sophisticate alike. Competing for Capital shows them the way." --Donna L. Brooks, Esq. Partner, Shipman & Goodwin, LLP "Competing for Capital puts our recent turbulent financial marketplace in context, provides solid information for both new and experienced investor relations practitioners, and offers insights into the future of IR--all in Bruce Marcus's easy-reading style." --Dixie Watterson IR consultant, Communica Partners "Competing for Capital aptly illustrates how investor relations has become a major corporate responsibility in generating trust, and how the profession must realize now more than ever that the needs of investors have changed because of technology, regulation, and globalization." --Mark Kollar Managing Director, Cubitt Jacobs & Prosek
Author: Daniel R. Valentine Publisher: Business Expert Press ISBN: 1631571419 Category : Business & Economics Languages : en Pages : 135
Book Description
“This book clearly explains why Investor Relations is now a highly regarded career choice and demonstrates its value to companies and the investment community.”—Helen Parris, Director of Investor Relations, G4S plc “This book is an essential read for Investor Relations profes-sionals, business managers, and anyone interested in corporate relations.”—William Sun, Deputy Director of the Centre for Governance, Leadership and Global Responsibility, Leeds Business School The expectations on UK listed companies continue to grow with the expansion of the regulatory framework and an increase in public scrutiny. The investment community continues to demand access to management, regular and meaningful communication, and an understanding of a firm’s position relative to its competitors. It falls increas-ingly to the Investor Relations (IR) function to help compa-nies and their management meet the rigorous demands of the equity markets and an evolving set of tools, technolo-gies, legal and governance frameworks. Digital channels present great but underutilised poten-tial to contribute to ever more effective IR. Online platforms offer fast, comprehensive, economical, exible and regula-tion-compliant methods of disclosing corporate informa-tion to investors, analysts and other relevant parties in the investment evaluation and decision making process.
Author: Karla Linden
Author: Karla Linden
Author: Bruce W. Marcus
Author: M. Choudhry
Author: Alexander V. Laskin
Author: Thomas J. Lauria
Author: Poul Lykkesfeldt
Author: A. Guimard
Author: Bruce W. Marcus
Author: Alex Soppera
Author: Daniel R. Valentine