Toward the understanding of the drag reduction mechanism, theoretical as well as experimental investigations have been made of the wave properties of compliant coatings such as the wave velocity and the decay parameters. The compliant coating consisted of a homogeneous layer of viscoelastic material attached to a rigid substrate. Based on two-dimensional elastic wave analysis, wave properties such as the dispersion of wave velocity, the ratio between the amplitudes of two wave components, and decay characteristics have been calculated as a function of Poisson's ratio and the loss tangent . It was found that the wave parameters are strongly affected by Poisson's ratio . A new experimental technique is devised for direct measurement of the wave parameters of the coating. The wave velocity and the rate of decay were measured based on the amplitude and phase of coating deformation with varying distances from the excitation point. Two kinds of silicon rubber were tested in the frequency range from 500 to 1200 Hz. Comparison of the present two-dimensional model with the conventional local deformation model was made. Two conditions ͑time factor and space factor͒ for drag reduction were drawn to maximize the interaction between the coating and the turbulent flow. These conditions suggest a certain optimum region in the coordinates of the flow velocity and the coating thickness.