Abstract
In order to systemically develop researches on the financial situation’s influence on investor relations, this paper chooses 348 Chinese listed companies as a sample and develops an empirical research on the financial situation’s influence on the level of IR. The 12 indicators factor in the multivariate statistical analysis will reflect the financial situation of enterprises owned by five factors: profitability factor, operating capacity factor, shareholder profitability factor, business growth capacity factor and solvency factor. The results show that investor relations are positively related to the corporate profitability, development capability as well as company size. The result of this thesis has strong policy implications for the listed companies to concern about the financial situation of enterprises, and to improve the management of investor relations.
Foundation items: Project of the national social science foundation of China (08BJY012); Science and technology plan projects in Hunan province (2009TP4069-1).
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Acknowledgments
Yizhou Liu thanks to Professor Wu Zhongxin’s guidance. We are also grateful to Professor Bin Lin (2005) built on the internet index of investor relations management.
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Wu, Zx., Liu, Yz. (2013). Corporate Finances and Investor Relations Management: Empirical Evidence from the Chinese Listed Companies. In: Qi, E., Shen, J., Dou, R. (eds) The 19th International Conference on Industrial Engineering and Engineering Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-38442-4_8
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DOI: https://doi.org/10.1007/978-3-642-38442-4_8
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