INFLUENCE OF INFORMATION SIGNALS ON THE FUTURE EARNINGS

It is considered of information signals on the future earnings of the Russian companies. Information signals can influence behaviour of investors at an estimation of the future earnings. Indicators of internal growth and shock can influence on earnings in the future. The shock indicator allows to co...

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Autor principal: S. I. Lutsenko
Formato: article
Lenguaje:RU
Publicado: Real Economics Publishing House 2018
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Acceso en línea:https://doaj.org/article/806a43f567524616ac051f452e23ddb8
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Sumario:It is considered of information signals on the future earnings of the Russian companies. Information signals can influence behaviour of investors at an estimation of the future earnings. Indicators of internal growth and shock can influence on earnings in the future. The shock indicator allows to consider a situation when the company will pass from debt financing to internal sources of financing to lower the wastage rate of assets connected with influence of shocks. Internal financing is performed at the expense of the cheapest source - earnings. It allows to reduce level of debt risk by means of capital structure adjustment (repayment of a part of amount of debt). Indicators of shock and internal growth for investors are the information indicator of prospects of development of the company.