نویسندگان
1 استادیار حسابداری دانشکده علوم اجتماعی و اقتصادی، دانشگاه الزهرا (س)، ایران
2 کارشناس ارشد حسابداری دانشگاه الزهرا (س)، ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
This study investigated the effect of income smoothing on information uncertainty, stock return and cost of equity. For income smoothing two indices are used: total accruals smoothing and discretionary accruals smoothing. With accurate study of literature we hypothesized three possibilities and selected 111 companies listed in Tehran stock exchange as our survey for a period of three years, 1385-1387.
In this study, Ohlson and Juttner- Narouth models were used to collect data. Our hypotheses were analyzed using multiple liner regressions and F and T tests. Our results showed that income smoothing caused reduction in information uncertainty in selected companies. It also showed that when fluctuations related to unexpected stock earnings are controlled, income smoothing 5 days before and after earnings announcement has no effect on companies' stock return. Finally our data showed that income smoothing has no effect on cost of equity.
کلیدواژهها [English]
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