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Title: The role of investor relations firms in financial restatements
Authors: Li, Lingwei
Keywords: DRNTU::Business::Finance
Issue Date: 2016
Source: Li, L. (2016). The role of investor relations firms in financial restatements. Doctoral thesis, Nanyang Technological University, Singapore.
Abstract: This study examines the role of investor relations (IR) firms in the setting of financial restatements. I find that firms hiring an outside IR firm experience higher restatement announcement returns and they do not realize lower post-announcement stock returns than propensity-score matched control firms. The positive impact of IR is greater for firms with low analyst coverage and low media coverage. My findings suggest that IR professionals increase value for their clients by helping them communicate effectively during periods of crises.
DOI: 10.32657/10356/69195
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:NBS Theses

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