Survey on the role of investor relations in the modern day corporation

• Main Authors: LEE, Andrew, WANG, Jiwei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: Accounting
• Online Access: https://ink.library.smu.edu.sg/soa_research/1618; https://ink.library.smu.edu.sg/context/soa_research/article/2645/viewcontent/IRPAS_SMU_2013_Survey_Report.pdf
• Institution: Singapore Management University

In March 2013, the Investors Relations Professionals Association (Singapore) (IRPAS), in collaboration with the School of Accountancy at Singapore Management University (SMU) and the Singapore Exchange (SGX), embarked on this study with the objective of achieving a better understanding of the role of investor relations. (IR) in today’s modern corporation as well as the role of IRPAS in further developing the investor relations profession in Singapore. The study aims to provide insights into the structure and organisation of the IR function in Singapore listed companies as well as the roles and responsibilities of Investor Relations Officers (IROs) in these organisations. We administered an online questionnaire survey during August and September 2013 to the IROs (or officers responsible for the IR function) of more than 700 companies listed on the Singapore Exchange (SGX). IRPAS provided advice and inputs on the contents of the questionnaire; SMU advised on the survey methodology, administered the survey, and analysed the results; while SGX assisted in disseminating the survey. A total of 91 usable responses were received, representing a response rate of 11.7%. To contextualise our analysis, we partitioned the responses into groups by their companies’ market capitalisation – large-cap (>S$1 billion) and mid-cap (S$300-S$1,000 million) companies, and small-cap (small number of respondents in the mid-cap group, we merged them into the large-cap group