Original paper
Investor Relations and Information Assimilation
Abstract
This paper examines whether investor relations (IR) officers provide value by facilitating the assimilation of firm information by the market. We find that firms with IR officers have lower stock price volatility, lower analyst forecast dispersion, higher analyst forecast accuracy, and quicker price discovery, consistent with IR officers aiding market participants in their assimilation of firm information. We also show that our findings are...
Paper Details
Title
Investor Relations and Information Assimilation
Published Date
Jul 1, 2018
Journal
Volume
94
Issue
2
Pages
105 - 131
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Notes
History