Author/Authors :
Bavarsad، Belghis نويسنده Assistant Professor of Management Department, Shahid Chamran University Ahvaz, Iran (bita40@yahoo.com) , , Khodadadi، Vali نويسنده Department Of Accounting, Science And Research Branch, Islamic Azad University, Khouzestan , , Darzian azizi، Abdolhadi نويسنده Assistatant professor; Chamran University, Ahvaz _Iran. , , Hossieni، Mohammad Nejad نويسنده Student of Management Department, Shahid Chamran University Ahvaz, Iran ,
Abstract :
This study is to identify the variables effective on the return and price of stocks of those firms
listed in Tehran Stock Exchange. There exist different models such as capital asset pricing
model, market model, arbitrage pricing and factor model to predict stock returns. Researches
made about the modelsʹ prediction power indicate that there exist variables with a power to
predict returns better than beta (B). Therefore, the present survey tries to examine the
relationship between the variables in the Fama and French model in addition to the asset
growth. The results show that the developed model of Fama and French has more
explanatory power than Fama and French model.
