Sycom GM RSS feed generatorFri, 07 Oct 2011 10:54:42 GMThttp://niri.org/default.aspxCopyright 2009en-usTue, 07 Feb 2012 15:49:19 GMT1http://niri.org/findinfo/Guidance/Public-Company-Forward-Looking-Guidance-Practices-in-2010-11410.aspxPercentage of NIRI survey respondents providing guidance declines slightly for the second year in a row. Fri, 05 Nov 2010 12:28:26 GMThttp://niri.org/findinfo/Guidance/Should-Managers-Provide-Forecasts-of-Earnings.aspxThis paper provides a review of the literature regarding forecasting earnings and concludes that forecasting provides a net benefit.Tue, 21 Sep 2010 10:05:01 GMThttp://niri.org/findinfo/Guidance/ea080820cfm.aspxNIRI has long advocated for public companies to provide full, fair and consistent disclosure of financial information to increase transparency, engender informed investor expectations and, ultimately, reduce volatility and lower the cost of capital. NIRI encourages companies to define their own unique set of financial and non- financial metrics. NIRI supports the notion that undue volatility around a short-term focus is undesirable and that all audiences - investors, financial analysts, the media - should focus on the long-term value drivers of businesses. The purpose of this policy statement, adopted by the NIRI Board of Directors in July 2008, is to enunciate this view and share it with external audiences.Fri, 07 Oct 2011 10:54:42 GMThttp://niri.org/findinfo/Guidance/2009-Guidance-Survey-Full-Results-pdf.aspxTue, 07 Jul 2009 08:17:35 GMThttp://niri.org/findinfo/Guidance/2009-Guidance-Survey-Slides-ppt.aspxTue, 07 Jul 2009 08:17:59 GMThttp://niri.org/findinfo/Guidance/To-Guide-Or-Not-to-Guide-Causes-and-Consequences-of-Stopping-Quarterly-Earnings-Guidance-academic-.aspxIn recent years, quarterly earnings guidance has been harshly criticized for inducing managerial short-termism and other ills. Managers are, therefore, urged by influential institutions to cease guidance. We examine empirically the causes of such guidance cessation and find that poor operating performance - decreased earnings, missing analyst forecasts, and lower anticipated profitability - is the major reason firms stop quarterly guidance. After guidance cessation, we do not find an appreciable increase in long-term investment once managers free themselves from investors' myopia. Contrary to the claim that firms would provide more alternative, forward-looking disclosures in lieu of the guidance, we find that such disclosures are curtailed. We also find a deterioration in the information environment of guidance stoppers in the form of increased analyst forecast errors and forecast dispersion and a decrease in analyst coverage. Taken together, our evidence indicates that guidance stoppers are primarily troubled firms and stopping guidance does not benefit either the stoppers or their investors. Wed, 08 Jul 2009 13:57:55 GMThttp://niri.org/findinfo/Guidance/Hit-or-Miss--Transparency-is-Key-service-provider-white-paper.aspxCompanies that provide earnings guidance and pre-announce their earnings surprises realize superior stock price returns.Fri, 24 Jul 2009 16:45:15 GMT