Examinando por Materia "Incumplimiento de expectativas"

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    De los resultados financieros al precio de mercado : un enfoque al mercado colombiano
    (Universidad EAFIT, 2019) Garzón Ramos, Sonia Liliana; López Palacio, Juan Manuel; Saravia Matus, Jimmy Agustín
    Quarterly earnings releases such as sales, costs, expenses, net income among others, are followed by analysts and investors around the world, for this reason they are potential key indicators that determine share prices. This paper revises the theories behind the key financial performance indicators, and investigates in detail the impact of the meeting or beating analyst expectations phenomenon, using descriptive and empirical analysis seeks to establish its relationship with share prices, with a focus on the Colombian market. Our results show that meeting or beating analyst earnings expectations are consistent with theory and show a significant empirical relationship.