翻訳と辞書 Words near each other ・ Earth Defense Force (series) ・ Earth Defense Force 2017 ・ Earth Defense Force 2025 ・ Earth Departure Stage ・ Earth discography ・ Earth Division ・ Earth Dreams ・ Earnings call ・ Earnings for architects ・ Earnings growth ・ Earnings guidance ・ Earnings management ・ Earnings per share ・ Earnings quality ・ Earnings response coefficient ・ Earnings surprise ・ Earnings test (US) ・ Earnings yield ・ Earnley ・ Earnley Formation ・ Earnock ・ Earnock Estate ・ Earnock Glen ・ Earnock High School ・ Earnock Nature Trail ・ Earnout ・ Earnscleugh River ・ Earnscliffe ・ Earnscliffe Woolen-Paragon Worsted Company Mill Complex ・ Earnse Bay Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Earnings surprise ： ウィキペディア英語版 Earnings surprise An earnings surprise, or unexpected earnings, in accounting, is the difference between the reported earnings and the expected earnings of an entity. Measures of a firm's expected earnings, in turn, include analysts' forecasts of the firm's profit〔Defond, Mark L., and Chul W. Park. 2001. “The Reversal of Abnormal Accruals and the Market Valuation of Earnings Surprises.” ''The Accounting Review'' 76 (3): 375–404.〕 and mathematical models of expected earnings based on the earnings of previous accounting periods. ==Effect of earnings surprises== Stock markets tend to react in the same direction as earnings surprises—positively to positive earnings surprises and negatively to negative earnings surprises—although a significant proportion of earnings surprises result in stock markets reacting in the opposite direction, which may be a reaction to other relevant information released with the earnings announcement or inaccurate measurement of the earnings surprise. The market, however, may not correctly estimate the implications of earnings surprises when it revises its expectations of future earnings, which will decrease the change in stock prices associated with the change in earnings. In fact, many studies in accounting research have documented that the market takes up to a year to adjust to earnings announcements, a phenomenon known as the post-earnings announcement drift. Large negative earnings surprises may have legal and reputational costs to managers. Firstly, managers can be held personally liable if shareholders sue the firm for failing to disclose negative earnings news promptly. Secondly, money managers may choose not to hold, and analysts may choose not to follow, the stocks of firms whose managers have reputations for withholding bad news. This may contribute to managers' voluntary disclosure of information related to negative earnings surprises: quarterly earnings announcements containing large negative earnings surprises are preempted by voluntary disclosures more frequently than are other earnings announcements. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Earnings surprise」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.