An Examination of Volatility Incremental Effect on the Explanatory Power of Fama and French Three-Factor Model in Tehran’s Stock Exchange
Abstract Many attempts have been made so far to design a proper model to predict stock return. One of the oldest models is CAPM. Despite the relative acceptability, this model is usually criticized for low explanatory power and also due to the results of different experimental examinations. The Fama...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Alzahra University
2013-12-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | http://jfm.alzahra.ac.ir/article_971_f43d275d2b0ea09df0f27f66f4d52de2.pdf |