Investor Relations For the Emerging Company (eBook)

R. Rieves (Autor)

eBook Download: PDF

2017 | 2nd ed. 2013
XII, 232 Seiten
Palgrave Macmillan US (Verlag)
9781137510501 (ISBN)

Infos

Investor Relations for the Emerging Company provides enduring advice, insight, and procedures that will help companies communicate, legally and ethically, their commitment to enhancing shareholder value. This revised edition updates Sarbanes-Oxley; Frank-Dodd act and new governance regulations.

RALPH A. RIEVES is a Senior Analyst with the Emerging Companies Research Institute (ECRI), a division of Farragut, Jones & Lawrence. ECRI advises recently listed companies about current research in the areas of financial reporting, compliance, capital markets, and institutional investors' portfolio strategies. He was managing editor of the Journal of Investment Consulting and was previously the executive editor for capital markets publishing for Dow Jones-Irwin books and Irwin Professional books. Mr. Rieves is a recipient of the book industry's Bowker LMP Award for distinguished achievement.
 
JOHN LEFEBVRE is County Treasurer for Weld, Colorado. He was previously President of the consulting firm Shareholder Relations.

Inhalt

Cover 1
Half-Title 2
Title 4
Copyright 5
Contents 6
Preface 12
PART I THE INVESTOR UNIVERSE 14
1 Pep Talk 15
2 The Growth Challenge 18
3 Modern Investing Theories and Practices 23
Risk and Return 25
Benchmarks 28
Investment Styles 29
4 The Securities Markets 33
The Negotiated Market 35
NASDAQ OMX 39
The Auction Market: Stock Exchanges 41
BATS 42
Liquidity, Liquidity, Liquidity 43
5 Reaching the Individual Investor 44
The Direct Approach Is Not Recommended 46
The Brokers 47
“Pump-and-Dump” and Other Chicanery 50
Targeting the Best Retail Brokers 52
Communicating with Brokers 55
Retail Research: The Quid Pro Quo 57
Conclusion 58
6 Targeting Institutional Investors: The Microcap Funds 59
Your Company Must Be Listed 61
The Institutional “Sides” 61
The Sell Side 62
Selected Targeting Within the Buy Side 64
Economic News and Market Risk 71
The Risks Specifi c to Owning Your Company’s Stock 72
The Qualitative Considerations 75
M& A Considerations
Conclusion 77
7 About Consensus Risk 78
The Signaling Model of Investor Behavior 80
The Forecasting Game 82
Other Players 85
Conclusion 86
PART II GOVERNANCE AND DISCLOSURE 88
8 Governance: The Investment Manager’s Perspective 89
The Board of Directors 91
Compensation Practices 94
M& A Considerations
Corporate Finance 103
Conclusion 109
9 Governance: Regulation FD 111
Materiality 113
Regulation FD 115
Insider Trading 118
Safe Harbor Provisions 122
The Proxy Process 128
Appendix 9-A: Sample Safe Harbor Statements 129
Alternative 1 129
Alternative 2 for Oral Statements 130
Alternative 3 for Doing Business in Countries Other Than the United States 130
10 Governance: Sarbanes-Oxley and Dodd-Frank 132
The Sarbanes-Oxley Act of 2002 134
The Dodd-Frank Wall Street Reform Act (2010) 136
Conclusion 138
11 Governance: Shareholder Activists and “Rightful Concerns” 139
Labels 142
Shareholder Activists and Corporate Governance 143
Social Activists and Corporate Governance 147
Proxy Access 148
Conclusion 149
12 The SEC and Financial Reporting 151
Financial Reporting 153
Elements of Effective Financial Reporting 157
Appendix 12-A: An Audit Committee Charter 162
Organization 162
Roles 163
Responsibilities 163
PART III CORPORATE PRACTICES FOR EFFECTIVE INVESTOR RELATIONS 166
13 Establishing an Investor Relations Program 167
The IR Department’s Activities 169
Qualifi cations for the Head of an IR Department 171
Measuring the Effectiveness of Your IR Program 172
Monitoring the Effectiveness of Your IR Activities 174
Tracking Your Stock 175
14 Best Practices for News Releases 176
Materiality 178
Preparation of the News Release 179
Distribution of the News Release 181
Working with a Wire Service 184
Tracking the News 185
The Press Kit 188
The Next Chapter 190
Appendix 14-A: Suggested Format for an Executive Summary 190
Company Summary 190
15 Best Practices for Conference Calls and Presentations 195
The Teleconference (aka the Conference Call) 197
Presentations and Road Shows 199
Meetings with Investment Professionals 201
Conclusion 202
16 Best Practices for Using the Net: Confronting the Chat Room Pox 203
Fanning Flames of Grievance 205
What to Do and What Not to Do 206
One More Time 210
17 Conclusion 211
Index 214

Produkt-Details

• Erscheint lt. Verlag: 30.6.2017
• Zusatzinfo: XII, 232 p.
• Verlagsort: New York
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: growth • Investment • Investments and Securities • Investor Relations • Regulation • Shareholder Value • Start-up
• ISBN-13: 9781137510501 / 9781137510501