The Research Of Investor Relationship Management Based On Information Disclosure

In recent years, with the rapid economic growth, China’s securities industry has also developed with a high-speed space, more and more companies raise funds through a public offering of stock, which has vigorously promoted the development of the company as well as the rapid development of the securities industry.In this condition, it’s more and more important to think how to deal with the investors’ relationship, so there are a lot of listed companies has pointed the IRM to corporate strategy. It is meaningful for listed companies, the majority of investors, especially small and medium-sized investors, and the securities market that there is a good management of investor relationship. The core content that company need to communicate with investors is information disclosure,and therefore information disclosure is one of the most important methods to manage the investor relationship. In recent years, with the continuous development of China’s economic market, the construction of relevant laws and regulations,listed companies have attached more importance to the investor relationship management based on information disclosure, and some companies have gained a good result.However, at the same time,it is kind of common that there are some companies cheat investors and even do some crime things. It’s not rare that a lot of companies disclose some false information to investors. Because of the asymmetry information, some executives of listed companies buy or sell stocks against the law for their own interest. Not only do that disturb the order of the securities market, but also it infringe on the interest of investors. Except that,it also has a bad affect on the listed companies. This situation reflects that China’s IRM is not sound, we should make more effort to improve the information disclosure level and the IRM level.This paper maked a combination of theory and practice, using case studies and standardize research method to introduce the background, significance and the relevant theory. After that, the author tried to set up a standard to evaluate the IRM level based on the web, and randomly selected400companies in the Shanghai Stock Exchange Main Market as samples to evaluate them aiming at knowing the current situation of China’s IRM level. Besides, t he author selected two companies in order to analysis them in detail and draw lessons from them. At last,the author tried to give some suggestions on how to improve China’s IRM level, which can protect the interest of investors and promote the development of economy.