PhD in Accounting, Shiraz University, senior Auditor of the supreme audit count,Shiraz,Iran.(corresponding author).S.ghoohestani88@gmail.com
Abstract: (823 Views)
According to the findings of prior researches, the stock return consists of several components which among them is the cash flow shock return. This is despite the fact that a lot of studies have been carried out on stock returns, attention has been rarely paid to cash flow shock return and non-cash flow shock returns.In this regard, considering that audit quality is one of the influencing factors on stock returns, in this research, the effect of audit quality on non-cash flow shock returns has been investigated. For this purpose, data were gathered from a sample of 107 companies listed on Tehran Stock Exchange from 2012 to 2022.In addition, in order to measure audit quality, a mixed multidimensional approach (including auditor expertise in the industry, auditor reputation, auditor tenure, and auditor independence) was used.The research results showed that audit quality has a positive and significant effect on non-cash flow shock returns