Table (d) show that stock returns only asset turnover ratio is an indicator of the operational management, performance evaluation has a significant positive correlation. It seems that market participants (potential shareholders, analysts, etc.), in stock valuation firms and their investment decisions, according to the accounting information relating to operational management and that information as input data, decision models, are considered.
It should be noted that the results of this research can not always be expected and finding means that stock prices reflect information is not available on the Tehran Stock Exchange which is indicative of poor performance. Another question that arises and according to the authors of this article requires further research to examine the effects of behavioral finance, aboriginal and environmental Iran is on stock returns. The findings can guide managers in selecting and implementing appropriate policies to be useful. In addition, potential shareholders could also make benefit in the identification of the key drivers of shareholder value by their decisions.