INVESTOR RELATIONS, LIQUIDITY, AND STOCK PRICES |
| |
| Authors: | Michael J Brennan Claudia Tamarowski |
| |
| Institution: | Goldyne and Irwin Hearsh Professor of Banking and Finance, University of California, Los Angeles, and Professor of Finance, London Business School.;Assistant Professor at Bocconi University and SDA Bocconi. |
| |
| Abstract: | Although the first investor relations department was established by General Electric as long ago as 1952, the role of investor relations (IR) is one that has largely escaped scientific analysis and academic scrutiny. This article attempts to demonstrate the importance of a company's IR activities for its stock price by establishing a clear chain of causation between the following: |
| |
| Keywords: | |
|
|
