Thesis:

Investigating the relationship between stock market segmentation٫ excess free cash flow and accrual accruals with the moderating role of audit quality

This research investigated the relationship between the segmentation of the stock market, excess free cash flow and accruals of increasing profit with the moderating role of audit quality in companies listed in the stock exchange of Nahran during the period 2016-2016. The purpose of this article is to investigate he effects of segmentation of the stock market. (SMS) and excess free cash flow SFCF) on discretionary accruals are profit-increasing with a moderating role of audit quality. This study also provides preliminary evidence on the impact of audit quality (AQ) as a moderating variable on those relationships. The statistical research population of the companies admitted to the Tehran Stock Exchange during the 5-year period of 1396-1400 has been selected, and these samples have been selected through purposive sampling. Using the Huber-White estimator for mixed data regression, the present study provides empirical evidence consistent with predictions in all hypotheses. In addition, the findings show that all the hypotheses of the research were confirmed. In other words, it can be said that there is a significant relationship between the segmentation of the stock market and the increasing accruals of profit. Also, there is a significant relationship between the excess free cash flow and the increasing accruals of profit. There is a significant relationship. In addition, audit quality moderates the relationship between excess free cash flow and accrual accruals, and finally, audit quality moderates the relationship between stock market segmentation and accrual accruals.

Keywords: : stock market segmentation, excess free cash flow, discretionary accrual items that increase profit