The IR Function

Poul Lykkesfeldt () and Laurits Louis Kjaergaard ()

Chapter Chapter 17 in Investor Relations and ESG Reporting in a Regulatory Perspective, 2022, pp 139-144 from Springer

Abstract: Abstract In this chapter, we explore in detail the function of IR. IR is an essential part of a listed company’s integrated internal and external communication strategy. IR is not only about marketing a company towards investors, but it is about strategically managing relationships with internal and external stakeholders in need of information. The interaction between these communication areas is touched on in this chapter, but the focus is on IR. It is also important to note that even though a company has a specified IRO, but best-practice IR must be performed on a listed company’s senior and managerial levels. The IR’s primary role is to provide the financial community with the necessary tools and information to fairly price the company’s shares (and bonds). It is not the function of the IRO to achieve the highest absolute share price but the fairest share price relative to the intrinsic value.

Keywords: Intrinsic value; IR officer; IR purpose; Two-way communication; Fair value; Investor dialogue (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05800-4_17

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DOI: 10.1007/978-3-031-05800-4_17

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