What is ERC stand for?

ERC

What is the meaning of earnings response coefficient?

Financial Terms By: e. Earnings response coefficient. A measure of relation of stock returns to earnings surprises around the time of corporate earnings announcements.

What does a negative ERC mean?

A negative ERC means that though a company presents positive unanticipated earnings but in actual the abnormal share return of the earnings reported turns to be negative or a company presents negative unanticipated earnings but in actual the abnormal share return of the earnings reported turns to be positive.

Does ERC increase or decrease with an increase in earnings persistence?

The relationship between earnings persistence and ERC starts at point -1.62 where earnings persistence will increase the ERC. The model of the relationship between earnings persistence and ERC shows that quality earnings will increase ERC.

What does ERC stand for in HR?

human resources organization
From Wikipedia, the free encyclopedia. ERC is Northeast Ohio’s largest organization providing Human Resources and workplace programs, practices, training and consulting. ERC also hosts the NorthCoast 99 program and sponsors the ERC Health insurance program.

Does ERC do background checks?

For the new HR professional, and perhaps even for more seasoned HR managers, the process of conducting background checks can be a difficult one to manage. Corporate Screening, one of ERC’s Preferred Partners, has provided us with some background knowledge to help us answer our key questions.

What is the concept of earnings quality?

Quality of earnings is the percentage of income that is due to higher sales or lower costs. An increase in net income without a corresponding increase in cash flow from operations is a red flag.

Is a negative earnings response coefficient possible?

This paper provides empirical evidence on negative earnings response coefficients. Namely, the situation in which earnings response coefficients (ERCs) have the opposite sign of that normally predicted and empirically observed (i.e., negative).

What is baseball ERC?

Component ERA or ERC is a baseball statistic invented by Bill James. It attempts to forecast a pitcher’s earned run average (ERA) from the number of hits and walks allowed rather than the standard formula of average number of earned runs per nine innings.

What does dips stand for in baseball?

In baseball, defense-independent pitching statistics (DIPS) measure a pitcher’s effectiveness based only on statistics that do not involve fielders (except the catcher). The most controversial part of DIPS is the idea that pitchers have little influence over what happens to balls that are put into play.

What does a high ERC mean?

Capital structure: ERC for a highly leveraged firm is lower than for a firm with little or no debt, Any good news passed on means that the debt holders get this benefit instead of the investors. This may indicate to the market that the firm will enjoy strong growth in the future, hence ERC will be high.

How does earnings management affect earnings quality?

Earnings management has a negative effect on the quality of earnings if it distorts the information in a way that it less useful for predicting future cash flows. The term quality of earnings refers to the credibility of the earnings number reported. Earnings management reduces the reliability of income.