Empirical Investigation of Incentives to Managing Reported cash Flow from Operating

In this study we are dealing with the possibility of CFO management as well as identifying of effective motivates in encouraging companies to manage CFO. The motives include: (i) financial distress; (ii) lower earnings persistence; (iii) earning divergence and CFO. CFO management can be defined as judgment of directors in selection of economic events for medication of financial reporting in order to mislead external users and to show positive performance. This research is a correlation and applied research. Our data is the companies listed in Tehran Stock Exchange during 1379-1388. The study sample includes 130 companies listed in Tehran Stock Exchange. Our results indicate a positive relationship between the CFO management and earning persistence; and negative relationship between CFO management and we find no evidence of relationship between financial distress and CFO Management.