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Income Smoothing and Stock Return Based on Fama-French Three-Factor Model

M Ghaemi; M Moradipour; M Karim

Volume 9, Issue 35 , October 2012, , Pages 93-106

Abstract
  Recently, some of the accounting researches in Iran capital market have been devoted to income smoothing, but not so many on relationship with stock value. We mean to evaluate the effect of income smoothing stock return. Therefore, there is a need to measure the expected return, for which we use Fama-French ...  Read More