Covid-19 Archive

Apr 13, 2021
Research roundup: Communicating in times of Covid-19
Does CSR matter in a crisis? Not when it comes to stock price performance. A study of 1,750 US firms finds no link between pre-Covid-19 crisis CSR scores and stock returns during either the pandemic-induced market crash or the recovery. Notably, Business Roundtable member companies, run by CEOs demonstrating an explicit interest in serving the interests of broader stakeholders, fared no differently from other firms. Study auth...
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Apr 05, 2021
IR professionals satisfied with pandemic response, NIRI study finds
Nine out of 10 IR professionals are satisfied with how they adjusted their IR program to respond to the Covid-19 pandemic, according a new study produced by NIRI and Cision. More than half (54 percent) of respondents say they are very satisfied with their pivot in response to the crisis, while a further 38 percent say they are somewhat satisfied. Only 4 percent say they are somewhat unsatisfied and 5 percent are neutral.  Both IR practitioners and advisers c...
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Mar 19, 2021
Inflation and bond market ‘tantrum’ bigger risks than Covid-19, say investors
Inflation and the bond market are now seen as bigger risks to portfolios than the Covid-19 outbreak, according to the March survey of fund managers by Bank of America’s (BofA) global research team.  The research, which polled 197 individuals who manage around $600 bn in assets, finds higher-than-expected inflation is now considered the main tail risk, followed by a ‘tantrum in the bond market’. Disruption to the Covid-19 vaccine rollout is viewed as the thir...
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Jan 29, 2021
Nestlé: Managing investor communications through the Covid-19 pandemic
At the onset of the Covid-19 pandemic, investors and analysts realized their models needed revising and asked for a lot of granular detail, explains John Armstrong, IR manager at Nestlé, in a best practice interview with IR Magazine.  The firm managed to maintain its guidance during this period, helping to set expectations for the market at a disruptive time. While Nestlé aims to keep up with best practices, it also focuses on simple rules to main...
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Dec 08, 2020
Looking back on the 2020 proxy season and ahead to 2021
On a global basis, the Covid-19 pandemic has been by far the biggest issue faced by companies during proxy season. The pandemic shut down office buildings and businesses across the globe and forced people to shift to remote working, staying inside their homes with limits on physical interaction with the outside world – and heralded the introduction of the virtual AGM. Virtual meetings become the standard Robert Marese, president at MacKenz...
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Nov 05, 2020
ESG: The legacy of Covid-19
During the depths of the first lockdown, you could be forgiven for expecting to see ESG issues jettisoned from corporate strategy for the foreseeable future. As businesses immediately focused on navigating the huge challenges of the crisis, fighting to continue their operations and adapting to remote working, it certainly appeared that there was a move away from broader concerns such as climate change and diversity.  Over the past few months, however, there ...
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Oct 07, 2020
IR papers: A pandemic’s literature review
Our top scientists are feverishly working to uncover the financial and communications implications of the Covid-19 pandemic. Here’s a smattering of what we know so far. Cultural traits affect how markets respond to disasters Countries with higher avoidance uncertainty scores – such as Germany, Japan and Mexico – exhibited larger stock market decreases than lower avoidance-uncertainty countries by 5.4 percent over the three weeks after ...
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Sep 21, 2020
Carry on communicating: Investor newsletters from NagaCorp
Hong Kong-listed NagaCorp runs Cambodia’s largest hotel-casino, NagaWorld. It is one of the most profitable gaming companies and the largest in the Mekong region. When it listed in Hong Kong in 2006 it became the first gaming IPO on the city’s exchange, and the first foreign-owned company with operations in Cambodia to list overseas. But this is a business vulnerable to the effects of Covid-19 and when lockdown reached Cambodia, operations shut down completely, ...
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Aug 26, 2020
Covid-19: Global dividends plunge by $108 bn in Q2
The novel coronavirus has been responsible for a global slashing of dividends, according to the latest data from Janus Henderson, with payouts falling by $108 bn across the world’s 1,200 largest companies.  The 22 percent fall, to a global payout of $328.2 bn across the quarter, is the worst quarterly drop since the asset ...
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