The Application of Augmented Fama-French Three Factor Model in Explaining Tehran Stock Exchange’s Firms Return Changes
Fama and French (1993) show that systematic risk of market, size, and book to market value constitute the common risk factors in the United States exchange market. In this study, we examine the explaining power of their model in Tehran stock exchange (TSE) for the period of 1991-2015, and explore th...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2019-09-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_11111_8766ade4db7d246619d7c06c60344d36.pdf |