A comparative Analysis of Performance of Three-Factor and Five - Factor Fama and French Model to Estimate the Expected Rate of Return in Tehran Stock Exchange
Accurately predict of stock returns is a key factor in investment decisions. The aim of this study is the test of five-factor Fama and French model and to comparison the performance of three-factor and five-factor model of Fama and French (2015) to estimate the expected return. This research is a co...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
University of Isfahan
2018-09-01
|
| Series: | Journal of Asset Management and Financing |
| Subjects: | |
| Online Access: | https://amf.ui.ac.ir/article_21419_7ba8b99aec7a1b93ef42d11e157d4a36.pdf |