The handbook of financial communication and investor relations / edited by Alexander V. Laskin, Quinnipiac University, Hamden, US. Edition.

Format:

Book

Contributor:

Laskin, Alexander V., editor.

Series:

THEi Wiley ebooks.

THEi Wiley ebooks

Language:

English

Subjects (All):

Financial services industry--Communication systems.

Financial services industry.

Corporations--Investor relations.

Corporations.

Corporations--Finance.

Physical Description:

1 online resource (541 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Hoboken, New Jersey : Wiley Blackwell, 2018.

System Details:

Access using campus network via VPN at home (THEi Users Only).

Summary:

"The first book to offer a global look at the state-of-the-art thinking and practice in investor relations and financial communication Featuring contributions from leading scholars and practitioners in financial communication and related fields—including public relations, corporate communications, finance, and accounting— this volume in the critically acclaimed “Handbooks in Communication and Media” seriesprovides readers with a comprehensive, up-to-date picture of investor relations and financial communications as they are practice in North America and around the world.  The Handbook of Financial Communication and Investor Relations provides an overview of the past, present, and future of investor relations and financial communications as a profession. It identifies the central issues of contemporary investor relations and financial communications practice, including financial information versus non-financial information, intangibles, risk, value, and growth. Authors address key topics of concern to contemporary practitioners, such as socially responsible investing, corporate governance, shareholder activism, ethics, and professionalism. In addition, the book arms readers with metrics and proven techniques for reliably measuring and evaluating the effectiveness of investor relations and financial communications. Bringing together the most up-to-date research on investor relations and financial communication and the insights and expertise of an all-star team of practitioners, The Handbook of Financial Communication and Investor Relations: Explores how the profession is practiced in various regions of the globe, including North America, South America, Europe, the Middle East, India, Australia, and other areas Provides a unique look at financial communication as it is practiced beyond the corporate world, including in families, the medical profession, government, and the not-for-profit sector Addresses “big-picture” strategies as well as specific tactics for financial communication during crises, the use of social media, dealing with shareholder activism, integrated reporting and CSR, and more This book makes an ideal text for undergrads and graduate students, scholars, and practitioners studying or researching investor relations and financial communication across schools of communication, journalism, business, and management. It also offers professionals an up-to-date, uniquely holistic look at best practices in financial communication investor relations worldwide. "-- Provided by publisher.

"This book aims to provide theoretically ambitious but accessible information devoted to a major field within communication and media studies: Financial Communication and Investor Relations . The book sets out to ground and orientate the student through a broad range of specially commissioned chapters, while also providing the more experienced scholar and teacher with a convenient and comprehensive overview of the latest trends and critical directions"-- Provided by publisher.

Contents:

Intro

The Handbook of Financial Communication and Investor Relations

Contents

Notes on Contributors

Part I The Foundations of Financial Communication and Investor Relations

1 Investor Relations and Financial Communication

Definitions

Return on Expectations

Efficient Market Hypothesis

A History of Investor Relations and Financial Communication

Preprofessional Period

Professional Period

Conclusion

References

2 Crisis Communication

The Effects of Crises on Stock Market Prices

Product Safety Crises: Recalls

Boycotts and Protests

Management Misconduct

Communication and Market Reactions to Crises

Recall Remedies

Recall Communication Strategies

Pre-recall Advertising

Interpolating Crisis Communication Research and Effects of Investor Reactions to Crises

Stealing Thunder

Denial as a Crisis Response

Victim-Centered Crisis Responses

3 Risk, Uncertainty, and Message Convergence

Conceptualization of Risk in the Context of Finances

Social Amplification of Risk

Message Convergence: An Argumentation Alternative

The Message Convergence Framework and the Construal of Financial Risks

Message Encounter

Consistency Evaluation

Validity Assessment

Amplification or Attenuation

Message Construal

Conclusion About the Message

Discussion and Recommendations

Environmental Scanning

Strategic Message Design

Feedback Loops

4 The Role of Argumentation in Financial Communication and Investor Relations

The Rhetorical Component of Financial Communication and Investor Relations

Financial Communication and Investor Relations as Strategic Argumentation

Argumentative Issues and Standpoints in Financial Communication

What Makes Information Relevant? A Model of Argumentative Inference.

Argumentation Approaches to Financial Communication: An Overview

Conclusion: Sketching a Research Agenda

Notes

5 Shareholder Democracy in the Digital Age

Shareholder Democracy and Its Discontents

Contributions, CEO Perspectives, and an Expanding Role for Investor Relations

Online Media, Stakeholder Engagement, and Corporate Governance

Shareholder Democracy and Activism Online

The Road Ahead for Investor Relations

6 Ethics in Financial Communication and Investor Relations

Purpose

The Rationale for Ethics in FC &amp

IR

Types of Stakeholder in FC &amp

Investors

Internal Stakeholders: Defining Mission, Vision, and Values

Social Responsibility Investors

Finance Industry

Governing Bodies, Communities, Partners, and Enabling

Community Relations and Corporate Social Responsibility

Corporate Social Performance and Stakeholders

CSR and Stakeholders

Necessity of Effective CSR to Support FC &amp

Principle-Based Ethics: Rational Autonomy and Deontology

Principle-Based Analyses: Three Ethical Tests

Implications of Applying the FC &amp

IR Ethics Model

7 Communicative Enactment of Virtue

Theoretical Groundwork

Enactment of Relationships Through Financial Communication

Virtue Ethics

Conclusions and Recommendations

8 The Skills Required to Be a Successful Investor Relations Officer

Convergence of Public Relations and Investor Relations

The CFOs Expanding Communications Role

Other Professionals as IROs

Sell-Side Analysts as IROs

Buy-Side Analysts as IROs

Journalists and Reporters as IROs

Attitude, Skill Set, and Experience to Be the Perfect IRO

Excellent Communicator

Good Writer and Confident Speaker

Adequate Financial Knowledge

Legal Awareness.

Management Skills While Working With Multiple Teams, CEOs, and CFOs

Understanding of Technology and Digital Platforms

Knowledge of Peer Companies and Current Events

Careers and Education in Investor Relations

Why Is Investor Relations an Easy and Attractive Profile Change?

Is Investor Relations a Career Path or a Springboard?

Entry-Level Roles in Investor Relations

Lack of Formal Education in Investor Relations

9 How Shareholders Differ

Different Shareholders and Different Perspectives

Block Institutional Shareholders

Managerial Shareholders: Executives and Directors

Foreign Investors vs. Domestics Investors

State Owners vs. Private Owners

Family Owners

Discussion

Contributions and Implications

Future Research Opportunities

10 Financial Analysts and Their Role in Financial Communication and Investor Relations

Financial Analysts in a Nutshell

Sell-Side, Buy-Side, and Independent Analysts

Specialization and Performance

Regulations and Disclaimers

Lone Riders in Teams

Part of an Organization

Key Players in the Financial Community

Companies

Rating Agencies

Media

An Integral Part of the Financial Sector

Future Matters

11 Securities Law for Financial Communication and Investor Relations in the United States, 1929-2016

Background

Key Points in the Development of Securities Law

Securities Act of 1933 and Securities Exchange Act of 1934

Regulation Fair Disclosure, 2000

Sarbanes-Oxley, 2002

Dodd-Frank Wall Street Reform and Consumer Protection Act, 2010

Company Leaders

Clarifications

Emerging Technologies

Activist Investors

12 Women on Wall Street

Literature Review

d/Discourse and Narratives.

How Metaphors Shape d/Discourse

The Gendered World of Finance

Method

Results

Part II The Practice of Financial Communication and Investor Relations

13 Explaining Communication Choices During Equity Offerings

Information Asymmetry

Disclosure Literature

Impression Management and the Equity-Offering Decision

The Impression Management Hypothesis

Implications for Future Research

14 Financial and Investor Relations for Start-Up Businesses and Emerging Companies

Early-Stage Message Strategy

Management Responsibility for Early-Stage Investment

SEC Regulation and Legal Restraints

The Importance of Credibility and Conflict Mediation

Tactical Tips and Measurement Approaches

Managing Investor Audiences During Growth, and Other Communications Considerations

15 Whose Hype Matters?

Hype: Ill-Defined and Understudied

Hype and Trigger Events

Media Hype in Financial Communications: A New Taxonomy

Types of Media Hype

Media Hype and the Impact of Negative Earnings Surprises

Methodology

Variables

Sample and Data

Empirical Findings

16 Shareholder Activism and the New Role of Investor Relations

The Rise of Shareholder Activism

A Challenge to Corporate Governance Practices

The Role of Investor Relations

The Impact of Shareholder Activism on Investor Relations

Summary

17 Corporate Proxy Contests

Mechanics of Proxy Contests and Recent Trends

Key Players During Proxy Contests

Communication Channels and Tools

A Proxy Fight Up Close: Trian vs. DuPont Co.

Accessing the Corporate Ballot: Proxy Access

Outlook for Contested Corporate Elections

18 More Than a Zero-Sum Game.

Investor Relations: Evolving Perspectives

Recognizing the Common Ground Between Investor Relations and Public Relations

The Growth of Investor Activism

Activism From an Organizational and Public Relations Perspective

Looking at Conflict With Adversarial Publics Through the Lens of Game Theory

Mondlez International and Activist Investor William Ackman: A Case Study

Seeking a Balance of Influence

Playing Strategic Games

Common Ground Between Investor Relations and Public Relations in Theory and Practice

The Choice for Dissatisfied Investors: To Be an Activist or a "Suggestivist"

19 Integrated Reporting

Corporate Reporting as an Investor Relations Task

Investor Relations as a Reporting Function

The Evolution of Corporate Reporting

Integrated Reporting

Corporate Reporting Beyond Financials

The Concept of Integrated Reporting

Implementing Integrated Reporting

Summary: Investor Relations and Integrated Reporting

20 Corporate Social Responsibility

Communicating CSR

International Implications

Critiques of CSR

Implications for Communication and Reputation Management

Case Studies

Global Responsibility Leadership Initiative

Patagonia and the Blurring of CSR and Activism

Shareholder Activists and the Fossil Fuel Divestment Movement

21 Transparency Signaling in Corporate Social Responsibility Press Releases in a Vice Industry

Background and Context

The Press Release: A Vital and Dynamic Communication Tactic

Corporate Social Responsibility

Research Questions

Methods

Limitations and Further Research

Note

22 Faith-Based Investor Activism for Corporate Environmental Responsibility.

Socially Responsible Investing: A Definition.

Notes:

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

1-119-24080-8

1-119-24082-4

OCLC:

1003268895