M.A. Thesis:

The effect of the fundamental characteristics of the accounting and management of real returns on stock returns under the supervision of audit quality

Abstract The first step in measuring a business unit is to calculate the attained stock return. In investment process , the return is as a driving force which causes an incentive . Return on investment is of importance for the investors because investment is , by nature , made to gain the return. Acccording to these topics , this study aims at analyzing the effect of the basic charachteristics of company and real gain management on the stock return controled by the auditing quality. To do so , 116 companies were studied during the years 1390 – 1394 . Tableau data method and Aviews Software were used to check this effect. The results of study demonstrate that : 1) there is a positive , significant relationship between return rate on assests and stock return ; 2) relationship between liquidity and stock return is positive and significant ; 3) there is a negative but significant relationship between financial leverage of company and stock return ; 4 ) between real gain management through production cost and stock return there is a reversed but significant relationship and there exists no significant relationship between the other variables ; 5 ) auditing quality is in reversed relationship and has adjusting effect on the real gain through production costs and stock return.

Keywords: Company’s Fundamental Characteristics -Real Earnings Management-Stock Return -Audit Quality