Abstract

The overall goal of this research is to test the relationship between accounting variables and stock prices are based on cash flow patterns. In particular, the profitability measures such as earnings per share , return on assets, return on equity, and sales growth , involve risk measures the ratio of market value to book value of equity and financial leverage ratio Dividend Growth in operating assets relative price earnings and book value per share plus the control variables, firm size, firm age and the stock price of the previous period were analyzed. The population of all listed companies on the Tehran Stock Exchange. During the period under study is 1385 to 1390. The experimental results obtained show that accounting variables in firms in the early stages of their life cycle( emergence , growth and maturity ) than companies that are at the end of the life cycle ( decline ) has been derived from cash flow models they have a strong relationship with stock prices in the capital market.