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Investor Relations On The Internet: Analysis Of Companies On The Serbian Stock Market

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  • Bojan Đorđević
  • Mira Đorđević
  • Dragiša Stanujkić

Abstract

Stockholders and other interested parties used to exchange information in writing by means of physical submission, while today with just a click on any known company’s Internet page it is possible to acquire both the information needed and its financial situation. The aim of this work is to indicate the lack of corporate culture and investor communication on the Serbian stock market by analysing investor relations via the e-communication tools of some of the best Serbian companies. This study investigates investor relations on the Internet of companies listed on the Belgrade Stock Exchange (BELEX 15 and BELEX LINE). For this purpose, the websites of the 20 largest listed companies of the Republic of Serbia were screened for investor relations items. Results obtained by using a three-stage model show that most companies in Serbia are at the second stage of internet investor relations, i.e., where information available through other sources is combined to better inform investors. In the third stage companies use the full interactive possibilities of the Internet for investor relations purposes. The author also stresses that the quality of investor relations must be a part of every company’s strategic vision.

Suggested Citation

  • Bojan Đorđević & Mira Đorđević & Dragiša Stanujkić, 2012. "Investor Relations On The Internet: Analysis Of Companies On The Serbian Stock Market," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 57(193), pages 113-136, April- Ju.
    • Handle: RePEc:beo:journl:v:57:y:2012:i:193:p:113-136
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    References listed on IDEAS

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    Cited by:

    1. Blessing Makwambeni & Brighton Matsika, 2022. "Toward Symmetry: An Assessment of Stockholder Communication Practices in South Africa," SAGE Open, , vol. 12(3), pages 21582440221, August.

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    More about this item

    Keywords

    investor relations; communications; Internet; stakeholders; stock market; disclosure;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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