This study aims to analyze the influence of accounting conservatism, real earnings management, and information asymmetry on stock returns. This study uses the sample of all manufacturing companies listed on the Indonesia Stock Exchange during the period 2013 to 2015. The total number of companies used as sample research is 47 companies with observations for 3 years. Pursuant to purposive sampling method, total of research sample is 141 financial report and annual report. The results of this study indicate: (1) Conservatism with accrual-based conservatism proxy has a significant negative effect on stock return with a significance value of 0.032 <0> 0.05. Keywords: Conservatism, Real Earnings Management, Information Asymmetry, Stock Return.