The effect of divergent opinions of investors on the incorrect pricing of stocks with regard to the role of financial information quality and information asymmetry in the Iranian capital market

Divergence of opinions is a kind of inconsistency related to investors in which the estimation of investors about the value of assets is different, in fact, divergence of opinions refers to the difference of opinion of investors in the market about the shares of companies. The purpose of this study is to investigate the impact of investors' divergent opinions on stock mispricing, considering the role of financial information quality and information asymmetry in Iran's capital market. The current research is applied and from the methodological point of view, the correlation is causal type (post-event). The statistical population of the research is all the companies admitted to the Tehran Stock Exchange and using the systematic elimination sampling method, 127 companies were selected as the research sample and in the 10-year period between 2012 and 2021, which is the period of 2021 in the raw data calculations. has been used, so it has been used for statistical tests since 9 years. The results of the research hypothesis test showed that the divergence of investors' opinions has a direct effect on the incorrect pricing of stocks. Besides, information asymmetry and quality of financial information intensify mispricing, but their interaction with the divergence of investors' opinions did not show any effect on mispricing of shares.