The Impact Of Income Smoothing On Stock Return With Mediation Effect Of The Information Uncertainty

Development of investment, on one hand, leads to attracting assets of non-institutional investors and directing them towards economically productive sectors and, on the other hand, due to investors’ orientation (based on risk and return), it directs investments towards the industries with higher profit or lower risk and thus will eventually result in efficient resource allocation. While managers use earnings in profit-sharing award, investors use it to obtain information about corporations’ state. Accounting earning, which is provided on accrual basis, is regarded by many users of financial statements as a tool for assessing companies’ performance. Meanwhile, the existence of variables that investigate information quality and the way information is presented, is of immense significance. This study aims to investigate the effect of income smoothing on stock return and the effect of mediating variable of information uncertainty

کلیدواژه ها:

Income Smoothing ، Stock Return ، Mediation Effect ، Information Uncertainty