Matches in SemOpenAlex for { <https://semopenalex.org/work/W3136059093> ?p ?o ?g. }
- W3136059093 endingPage "302" @default.
- W3136059093 startingPage "275" @default.
- W3136059093 abstract "ABSTRACT We explore the role of investor relations (IR) in debt markets. Using earnings announcements as a laboratory, we examine whether, when, and to what extent IR departments help credit investors assimilate information. We find that the presence of IR decreases (increases) the negative (positive) impact on CDS spreads stemming from bad (good) earnings news, suggesting that IR efforts improve information precision and reduce transparency risk. Cross-sectional analyses suggest that IR matters more when uncertainty is high and creditors are concerned about the credit risk implications of firm performance. We also find that IR firms receive higher credit ratings and fewer covenants when issuing bonds, and CDS markets react less negatively when IR firms' bond ratings are downgraded below investment grade. Because firms choose their IR activities, we show that our inferences are robust to multiple methods of addressing endogeneity. Overall, we find that IR departments are influential in debt markets." @default.
- W3136059093 created "2021-03-29" @default.
- W3136059093 creator A5003342686 @default.
- W3136059093 creator A5008844193 @default.
- W3136059093 creator A5058868084 @default.
- W3136059093 date "2021-03-24" @default.
- W3136059093 modified "2023-10-01" @default.
- W3136059093 title "The Informational Role of Investor Relations: Evidence from the Debt Market" @default.
- W3136059093 cites W2005409520 @default.
- W3136059093 cites W2006804758 @default.
- W3136059093 cites W2030143985 @default.
- W3136059093 cites W2061998345 @default.
- W3136059093 cites W2065868937 @default.
- W3136059093 cites W2081432842 @default.
- W3136059093 cites W2105973145 @default.
- W3136059093 cites W2117597961 @default.
- W3136059093 cites W2117953222 @default.
- W3136059093 cites W2118891973 @default.
- W3136059093 cites W2124532504 @default.
- W3136059093 cites W2146756020 @default.
- W3136059093 cites W2152960531 @default.
- W3136059093 cites W2169476066 @default.
- W3136059093 cites W2330509058 @default.
- W3136059093 cites W2471378147 @default.
- W3136059093 cites W2556504831 @default.
- W3136059093 cites W2570426141 @default.
- W3136059093 cites W2752617332 @default.
- W3136059093 cites W2760723812 @default.
- W3136059093 cites W2884098204 @default.
- W3136059093 cites W2905427308 @default.
- W3136059093 cites W3121172712 @default.
- W3136059093 cites W3121248902 @default.
- W3136059093 cites W3121769053 @default.
- W3136059093 cites W3121807809 @default.
- W3136059093 cites W3121827950 @default.
- W3136059093 cites W3121976599 @default.
- W3136059093 cites W3122026106 @default.
- W3136059093 cites W3122064234 @default.
- W3136059093 cites W3122249369 @default.
- W3136059093 cites W3122489471 @default.
- W3136059093 cites W3122694256 @default.
- W3136059093 cites W3122727838 @default.
- W3136059093 cites W3122812581 @default.
- W3136059093 cites W3122875260 @default.
- W3136059093 cites W3123160767 @default.
- W3136059093 cites W3123221591 @default.
- W3136059093 cites W3123354885 @default.
- W3136059093 cites W3123791361 @default.
- W3136059093 cites W3123817661 @default.
- W3136059093 cites W3123824086 @default.
- W3136059093 cites W3124125555 @default.
- W3136059093 cites W3124135940 @default.
- W3136059093 cites W3124423437 @default.
- W3136059093 cites W3124478390 @default.
- W3136059093 cites W3124865354 @default.
- W3136059093 cites W3124906560 @default.
- W3136059093 cites W3125276712 @default.
- W3136059093 cites W3125460699 @default.
- W3136059093 cites W3125564309 @default.
- W3136059093 cites W3125952890 @default.
- W3136059093 cites W3125975775 @default.
- W3136059093 cites W3126051907 @default.
- W3136059093 cites W3126114669 @default.
- W3136059093 cites W3123699647 @default.
- W3136059093 doi "https://doi.org/10.2308/tar-2018-0711" @default.
- W3136059093 hasPublicationYear "2021" @default.
- W3136059093 type Work @default.
- W3136059093 sameAs 3136059093 @default.
- W3136059093 citedByCount "6" @default.
- W3136059093 countsByYear W31360590932021 @default.
- W3136059093 countsByYear W31360590932023 @default.
- W3136059093 crossrefType "journal-article" @default.
- W3136059093 hasAuthorship W3136059093A5003342686 @default.
- W3136059093 hasAuthorship W3136059093A5008844193 @default.
- W3136059093 hasAuthorship W3136059093A5058868084 @default.
- W3136059093 hasConcept C10138342 @default.
- W3136059093 hasConcept C120527767 @default.
- W3136059093 hasConcept C121955636 @default.
- W3136059093 hasConcept C144133560 @default.
- W3136059093 hasConcept C149782125 @default.
- W3136059093 hasConcept C162324750 @default.
- W3136059093 hasConcept C17744445 @default.
- W3136059093 hasConcept C197142791 @default.
- W3136059093 hasConcept C199539241 @default.
- W3136059093 hasConcept C205208723 @default.
- W3136059093 hasConcept C27548731 @default.
- W3136059093 hasConcept C2780233690 @default.
- W3136059093 hasConcept C2781426361 @default.
- W3136059093 hasConcept C556758197 @default.
- W3136059093 hasConcept C610760 @default.
- W3136059093 hasConcept C69738904 @default.
- W3136059093 hasConcept C73283319 @default.
- W3136059093 hasConcept C94625758 @default.
- W3136059093 hasConceptScore W3136059093C10138342 @default.
- W3136059093 hasConceptScore W3136059093C120527767 @default.
- W3136059093 hasConceptScore W3136059093C121955636 @default.
- W3136059093 hasConceptScore W3136059093C144133560 @default.
- W3136059093 hasConceptScore W3136059093C149782125 @default.