چکیده (انگلیسی):

The purpose of this research is to examine the relationship between audit fees and board
compensation while controlling for book-to-market ratio and cumulative stock returns. The sample consists of
288 firm-year observations in Tehran Stock Exchange. Regression analysis and synthetic data were used for data
analysis. By controlling book-to-market ratio and cumulative stock returns, the results indicated a significant
positive relationship between audit fee and board compensation. Further, using univariate regression analysis, a
significant positive relationship was observed between cumulative stock returns and board compensation.