USE OF THE INTERNET FOR INVESTOR RELATIONS BY PUBLIC LISTED COMPANIES

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Abstract

With the increasing emphasis on developing economies and the use of the internet for corporate relationship building, this study aims to investigate the usage of internet by listed companies in the ready-made garment industry in Bangladesh. The study will also include comparison of the contents of investor relationships with empirical evidence from around the world. The sample size contains 105 firms listed on the Dhaka Stock Exchange. Employing statistical analysis for measuring investor relations based on available contents disclosed in firms’ website for investor information, this study found that the 105 firms disclose contents related to investors on their websites but fall short of the standard of other countries with only the company profile as the most prominent disclosure. Study result reports that companies in Bangladesh are still behind compared to developed economies in terms of using internet for investor relations. The study also recommends the Dhaka Stock Exchange, Bangladesh Garments Manufacturing and Export Association (BGMEA) and other indigenous regulatory bodies encourage firms to disclose more investor related information.

Keywords: Corporate Governance, Investor Relation, Disclosure, Firm Performance, Bangladesh

How to cite this paper: Rodrigs, M. C. (2016). Use of the Internet for investor relations by public listed companies. Corporate Ownership & Control, 13(4), 81-88. https://doi.org/10.22495/cocv13i4p8