Investor relations in Poland: An evaluation of the state of affairs from empirical studies

Abstract

This article presents results of empirical researches about investor relations activity in Poland showing that most mistakes were connected with disclosure of information. Low quality and limited range of disclosure were typical for most of the companies. Investors demanded significantly more disclosure of non-financial information. Moreover, selective disclosure is an essential problem as well. The paper concludes that the level of investor relations activity in Poland is generally low and not adjusted to investors’ needs, with an insufficient awareness of investor relations significance.