We analyze the value of investor relations (IR) strategies to IPO firms. We find that firms that are less visible and have inexperienced management tend to hire IR consultants prior to the issue date. IR consultants help create positive news coverage before an IPO event as reflected in a more...

We examine whether media news reflect the extent to which issuing firms manage their earnings prior to their equity carve-outs (ECOs). We posit that managers will strategically respond to media requests prior to their equity offerings in order to signal their type and differentiate themselves...

We examine the consequences of untimely filings of forms 10-K and 10-Q in the bond market. Using publicly traded bond data covering the period from January 2000 to December 2012, we find that the bond market reacts negatively to late filing announcements of 10-Ks and 10-Qs. We also find that the...