M.A. Thesis:

Corporate governance mechanisms٫ debts and share prices with emphasis returning assets as a moderated variables

This study aims to determine how much influence the role of corporate governance mechanisms, debts and stock prices and moderated by return on assets. The spatial scope of this research is the companies listed in the Tehran Stock Exchange from 2015 to 2020 .In this study, the current ratio, debt to equity ratio, percentage of institutional owners, percentage of non-executive directors and government ownership were considered as independent variables, adjustable variable asset returns and dependent variable stock prices. This research is applied in terms of purpose and in terms of the descriptive nature of correlation and systematic removal method was selected as a statistical sample. The results showed that there is a significant and positive relationship between the CR and stock price moderated by return on assets and the debt-to-equity ratio has a positive effect on stock prices.Institutional investors are largely short-term investors and are passive. This behavior encourages institutional investors to extract more cash flows. These findings indicate that market regulators are developing corporate governance mechanisms that not only ensure investor protection but also advise companies to reduce information asymmetries through better disclosure and transparency. The moderation test shows that ROA in this study is not proven to moderate the relationship of the independent variables to the dependent variable (Stock Price).

Keywords: ,Liquidity, Leverage, Corporate Value, profitability