• Title/Summary/Keyword: IR활동

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An empirical Study on Effects that IR activities of construction manufacturers cause to stock prices (건설기업의 IR(투자자관계)활동이 주가에 미치는 영향에 관한 연구)

  • Jung, Kyung-Taek;Yoon, Ja-Young;Kim, Jae-Jun;Choi, In-Sig
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.2
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    • pp.101-108
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    • 2007
  • Currently construction corporations also is whether executing or planning IR activities as other corporation do. We will analyze correlation between stock price and IR activities and execute actual analysis of how IR activities influence stock price in order to identify positive influence of IR activities on Construction Corporations which are executing IR activities for raising capital and investors. We make two hypothesizes through searching thesis and interviewing experts. Two hypothesizes are as follows. First of all, stock price will increase in terms of public of IR activities. Second of all, IR activities targeted on domestic investors will be very successful. We deduce conclusions through verifying two hypothesizes. Conclusions are as follows. First of all, IR activities of construction corporations influence stock price positively. Second of all, IR activities targeted on international are more effective than on domestic Third of all, even though IR activities targeted on domestic is less effective than on international, it is indicated that it have positive influences. Construction corporations give investors frostiness and then will expect to raise capital and renew $its^{\circ}{\phi}$ imageby well executing IR activities.

IR Activities and Relationship Marketing

  • Kim, Kyung-Hoon;Park, Kee-Hong;Kim, Dong-Yul
    • Journal of Global Scholars of Marketing Science
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    • v.11
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    • pp.43-58
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    • 2003
  • The purpose of this study was to examine the relationship between IR(investor Relations) activities and relationship marketing toward shareholders. This study constructed a research model delineating relationships between IR activities and relationship marketing variables based upon literature review and extensive interviews with IR experts. LISREL analysis upon empirical data was conducted. IR activities were found to be key determinants of Trust and Commitment of investors. Trust and Commitment were found to be positively related to firms' performance. Thus, IR activities had positive effects on a company's relationship marketing and performance.

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IR and Relationship Marketing Management (IR의 관계마케팅관리에 관한 연구)

  • Kim, Kyung-Hoon;Park, Kee-Hong
    • Journal of Global Scholars of Marketing Science
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    • v.8
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    • pp.341-373
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    • 2001
  • Firms are confronting the age of an infinite competition. In order to respond to the rapidly changing business environment and make a success and survival in the international and domestic securities market, firms must take a consideration on the stockholders value-oriented philosophy which has greatly contributed not only to the maximization of corporate profits but also to the stability of financial markets. To pursue stockholders value-oriented philosophy, a firm should build strong relationship with investors by providing exact information of firm's state, financial statement, management policy. Stockholders value-oriented philosophy contributes to long-term growth and development of the firm as well as efficient equity financing and friendship with stockholder. IR is the key factor to attain successful implementation of company's objective. It should be equipped with the most suitable organization and qualified man-power for IR activities. The purpose of this study was to examine the relationship between IR and relationship marketing management. Strategic implications of this study are as follows: First, This study provides a new explanations of IR activities in Relationship Marketing Management. Second, IR activities were key determinants of Trust and Commitment. That means the more a firm does IR activities, the more Trust and Commitment a firm has for their investors. Third, The variables of trust and commitment are highly related to marketing and financial success. IR have a positive effect on a company total value and its cost of capital relative to that of the overall market.

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KOSDAQ Firm's Cyber IR Activity and Stock Price Behavior (코스닥 기업의 사이버 IR과 주가행태)

  • Song, Myung-Gyu;Cho, Jun-Hee;Kim, Chan-Jung
    • The Journal of the Korea Contents Association
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    • v.12 no.2
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    • pp.388-397
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    • 2012
  • Recently, KOSDAQ company's cyber IR activities has increased. Major advantages offered by the Internet include low cost and high accessibility the Internet is used as a strategic tool of many KOSDAQ companies in IR activity. Thus, this study tried to empirically analyze the overall impact of cyber IR. And this study examine the difference in impact of cyber IR activity on stock prices in the period before and after depending on ownership structure and venture or not. The main result of the study can be summarized as follows. First, IR activities have a positive impact on KOSDAQ firms stock price. This means that the investors are recognizing IR activity of KOSDAQ firm as a good news. Second, The lower stock ownership have great impact on stock prices. The act of reporting and monitoring system are performing effectively to lower stock ownership as compared with higher stock ownership. Third, The return rate of KOSDAQ venture firms with IR enforcement effect appears high than KOSDAQ firms with IR enforcement.

IR Activity and Stock Price Behavior (기업 IR활동과 정보효과)

  • Choi, Seung-Bin;Cho, Jun-Hee
    • Korean Business Review
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    • v.16
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    • pp.169-184
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    • 2003
  • IR(Investor Relation) is an active management activity to provide well balanced information to investors which can reduce asymmetry of information between investors and management. This activity could contribute to the long-term development of corporation with increased mutual trust between investors and management. Consequently, in these days, ill is widely recognized as an effective measure of securing corporate transparency, maximization corporate value, and stock-holder oriented management. The purpose of this study is to examine the effect of corporate IR activity on investment behavior as well as stock price. It is assumed that if asymmetry of information between investors and management is cured by active ill activity from a corporation, with more transparent and reliable information of the firm at hand investors would more actively involved in trading. Statistically speaking, I assumed that the more information provided by ill activities, the higher value of a corporation at the stock trading.

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The Impact of Corporate Characteristics to IR Announcements Effect in the KOSDAQ Venture Enterprise (고성장 코스닥시장 벤처기업의 개별특성이 IR공시 효과에 미치는 영향)

  • Kim, Jong Seon;Yoon, Se Heon;Kim, Chul Joong
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.4
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    • pp.97-109
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    • 2014
  • The purpose of this study is, as to verify the effect of IR announcements, the IR activity to look at the usefulness. In previous study, they found that the IR announcement leads to reductions in information asymmetry, effect to positive stock price. This study examine the abnormal returns between group by corporate characteristics. The data used in this study are daily stock market returns taken from the KOSDAQ listed company with IR announcements during the 2005-2012 year(8 year). We find that follows. First, the capital market is accepted IR activity as the positive information. Second, abnormal returns of small company is higher than big size that. We show the difference of abnormal returns between the venture company and general company, the venture company's high. The abnormal returns of corporate with high ownership is above the group of low ownership. Additionally, consider interaction by firm characteristics, we show the interaction between firm size and business type. The result of two-way ANOVA is that venture corporate with big size are more abnormal returns than others. Also, we demonstrate that firm location is the factor of difference on information effect in venture firm.

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The Standardization Trend of Home Network (홈 네트워크 표준화 기술 동향)

  • Song, S.I.
    • Electronics and Telecommunications Trends
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    • v.15 no.6 s.66
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    • pp.56-64
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    • 2000
  • 홈 네트워크의 표준화를 추진하는 분야활동은 크게 매체에 의해서 유/무선으로 구분될 수 있다. 여기서 소개하는 이외에도 홈 네트워크를 목표로 하는 활동분야는 많지만 여기서는 최근 활동이 활발한 분야인 TA1394/HAVi, USB2, Home PNA, 전력선 통신, 무선 1394, Home RF-WG, 블루투스, IrDA의 표준화 단체를 중심으로 국내외 표준 규격화 동향에 대하여 기술한다.

A Convergence Study on the Effect of Investor Relation on Financial Ratios (기업설명회 개최가 기업의 재무비율에 미치는 융합연구)

  • Ji, Sang-Hyun;Lee, Gyeong-Rak;Lee, Jin-Soo
    • Journal of the Korea Convergence Society
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    • v.8 no.1
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    • pp.181-186
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    • 2017
  • We examined the effect of Investor Relation(IR) on financial Ratios. This Study used by using 1,178 sample data from 2007 to 2010. In short, the result of this study's is as followed. Investor Relation(IR) have a positive relevance with financial Ratios variables. Therefore we can support that the firm held Investor Relation(IR) shows the better financial performance according to this study. This study contributes as follow. we can confirm how does a Investor Relation(IR) affect financial performance by this study's result. We hope that this study can be helped development of capital market and give a good news to investors on firms that have good governance level.

A Study on the Relevance between Voluntary Information Disclosure and Effective Tax Rate (자발적 정보 공시와 유효법인세율 간의 관련성 연구)

  • Kin, Jin-Sep
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.1
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    • pp.231-237
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    • 2017
  • This study examines the relationship between voluntary information disclosure and the effective tax rate using Investor Relation (IR) as the proxy for the level of the firm's voluntary information disclosure, and effective corporate tax rate as the proxy for the level of tax avoidance. This study considers sample data from 1,396 firms listed on the Korea Composite Stock Price Index (KOSPI) from 2011-2014. The results of this study are as follows: Investor Relation (IR) had a positive correlation with effective corporate tax rate. This result got on with the result of additional analysis using extra measurement of effective corporate tax rate. According to these results, we expect that firms featuring greater voluntary information disclosure report enhanced business performance. This study contributes understanding how Investor Relation (IR) affects tax avoidance. We hope that this study can promote the development of capital markets and provide good news to investors for firms that have greater information disclosure.