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Aalto University School of Business Master's Theses are now in the Aaltodoc publication archive (Aalto University institutional repository)
School of Business | Department of Languages and Communication | International Business Communication | 2010
Thesis number: 12404
The role of investor relations in the STF. A multi-disciplinary approach.
Author: Salmi, Teemu
Title: The role of investor relations in the STF. A multi-disciplinary approach.
Year: 2010  Language: eng
Department: Department of Languages and Communication
Academic subject: International Business Communication
Index terms: yritysviestintä; business communication; kansainvälinen; international; sijoittajasuhteet; investor relations; velat; debt
Pages: 177
Key terms: STF; RFGB; international business communications; debt management; IR
Objectives of the study: The main purpose of the study is to examine the role of the investor relations (IR) activities in the STF, which promotes and sells Finnish government debt instruments to investors around the world. The main research question is: what is the role of investor relations in the STF?

Methodology: The primary data consists of four interviews: three semi-structured interviews of the STF's IR team members, one focus group interview with three STF's communication professionals, as well as two questionnaire surveys.

Results of the study: The main findings of the study show that the role of IR was highlighted during the turbulent times in the financial markets in 2007 - 2010. When compared to public companies, the STF had fewer constraints to carry out IR. With the intensified information needs brought by the financial crisis, the financial community (i.e. banks, rating agencies, and investors) appreciated particularly reliable, instant and proactive information from the STF. Maintenance of the strategically important dialogue and promotion work of the bonds to investors were among the key facets of IR. IR was regarded as an essential part and a vital tool of debt management policy.

Keywords: IR, STF, Debt management, International business communication
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