We explore the role of investor relations (IR) in debt markets. Using earnings announcements as a laboratory, we examine whether, when, and to what extent IR departments help credit investors assimilate information. We find that the presence of IR decreases (increases) the negative (positive)...

This paper examines whether and to what extent directors’ career concerns influence firms’ investor outreach efforts. Directors experiencing proxy fights face serious career concerns due to the prospect of losing their board positions. Using a staggered difference-in-differences design, we...