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Investors Relationship Management Based On Protecting Minority Investors Interests

Posted on:2012-05-12Degree:MasterType:Thesis
Country:ChinaCandidate:L PuFull Text:PDF
GTID:2219330368977227Subject:Business Administration
Abstract/Summary:PDF Full Text Request
The author chooses XY Companies as an example to study the status of investor relation management and the problems. The author tries to find out the solution to the problems. Investor relation originated in mature Western capital markets. Listed company establishes and strengthens cooperation with investors (including existing and potential investors) and related agencies through financial and other means. In this way the investors can have a good relationship with the listed company. Then, they can reduce investment risk and create relationship value. In this paper, the author chooses XY Companies as an example to analyze the status of investor relation management. In the mature international capital markets,the investor relation management (IRM) has become the central issue in the theoretical study and practical application. In foreign countries,the investor relation management (IRM) has been widely used. In china investor relation management is a relatively unknown but very important issue. With the development of China's securities market, the investor relations management is gradually being understood and familiar to the listed companies. China's Securities Regulatory Commission and other government departments support the investor relation management, and in the context of split share structure reform, the investor relation management has also a rapid development. However, in general, our investor relation is still in its infancy and the early stages.This paper will elaborate the following aspects:The first part:The author starts this paper with the starting point and the significance of the paper. Through a lot of reading, the author elaborate the theoretical literature, especially the asymmetric information theory, information disclosure theories. This paper absorbs the essence of the research results provide evidence for public shareholders relationship management.The second part:This part describes the concept of the investor relation management and the characteristics of small and medium investors. The author chooses XY Companies as an example and found that the public investors have a distinct disadvantage and they should be protected. Small and medium investors have a distinct disadvantage in access to resources and information. Their strength is limited because of loose organization. And they are difficult to implement effective self-protection. On the basis of the correlation analysis,we can say that the most important part of relationship management is to protect public investors.The third part:This part describes the damage of the public interests and the current situation of Investor Relation Management Research.The reason why the investors' interests are damaged is that the stock market itself is defective, the listed company have a incorrect understanding on the investors relationship management, the investors don't do very well, the investor protection environment is poor, The law is not perfect, some institutional investors may occupy the interest of the small investors' interests, Controlling shareholders and the public's rights are unequal and asymmetric information.The fourth part:The author chooses XY Companies as an example and draw the conclusion form the listed companies that we should improve our relationship management. And the author gives her advice to the relationship management. For example, the author think that the market value theory is important in the investor relations management, we should foster investor-oriented equity culture, broaden the channels of communication with investors, change the investment philosophy, improve the knowledge abut the investor relations management, establish a sound information disclosure mechanism, establish a system to limit shareholder voting rights, improve the relief system of investor protection, propose the suggestion of investor relations management improve the investor relation management.The research method:induction literature, theoretical analysis with case study. Through a lot of reading, this article reviewed some of the theoretical literature, especially the asymmetric information theory, information disclosure theories. The status of the listed companies is analyzed. The author analyzes the protection of the interests of public shareholders by using theoretical analysis. In the Industrial Bank investor relations management the author use case analysis.The main contribution of this article:Investor Relation Management is lack of cases. The author combines the management with the investor relation theory and puts forward her views on investor relations management to make some improvements.The deficiency in this paper is that the author has become more aware of lack of knowledge and experience when the author wrote this paper. Although, the author did her best to collect material and learn to use her knowledge to write this paper, the paper still has many shortcomings. Due to shallow qualifications in the study of the problem, the author can not study in-depth. There are many deficiencies, and the paper should be improved. The author hope that the teacher can give their criticism and let the author learn more.
Keywords/Search Tags:Investor relation, Public investors, Interest protection
PDF Full Text Request
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