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The impact of investor relations management on market pricing efficiency

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  • Zhou, Qibo
  • Li, Wen

Abstract

This article empirically examines the impact of investor relations management by listed companies on market pricing efficiency, using Chinese A-share companies listed in Shanghai and Shenzhen as the research subjects. The results show that investor relations management activities of listed companies can significantly reduce stock price synchronicity and enhance market pricing efficiency. The analysis of heterogeneity indicates that the corrective effect of investor relations management on market pricing efficiency is more pronounced in non-state-owned enterprises and in companies with fewer analyst followings.

Suggested Citation

  • Zhou, Qibo & Li, Wen, 2025. "The impact of investor relations management on market pricing efficiency," Finance Research Letters, Elsevier, vol. 86(PB).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pb:s1544612325016411
    DOI: 10.1016/j.frl.2025.108387
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    References listed on IDEAS

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