The organization of the investor relations function by large UK Quoted companies
The results presented here are based on a survey, in which 61 % of the top 500 UK quoted companies participated, on the organizational aspects of company investor relations activities. The survey established the involvement of the various directors in managing and executing the investor relations function. The Chief Executive and Finance Director were most heavily involved, and the average board of directors spent 37 days a year on investor relations. 52% of respondents had a designated investor relations officer. The most common organizational arrangement was for investor relations to be part of the Finance Director's department. The average salary bill and budget for the investor relations function were Â£107,000 and Â£180,000 respectively. 79% of respondents used an external investor relations consultant. Only 19% of resopondents had a formal policy or written description stating the objectives and responsibilities of the investor relations function. Mutlivariate analysis indicated that the existence of an investor relations officer in the company was associated with size, overseas listings and positive opinions on the value of investor relations meetings. Companies that had been privatized and those with a high firm specific risk were more likely to have an investor relations officer.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 24 (1996)
Issue (Month): 4 (August)
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional|
When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:24:y:1996:i:4:p:477-488. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.