The validity of FAMA and French three-factor model in an emergent market : evidence from Qatar qtock exchange -an analytical study in the short run

الملخص EN

The study aimed to explain the variations in stock returns in the short term by testing the validity of the Fama and French three-factor model and the three risk factors (Rm-Rf; logMVE; B/M) were used as explanatory variables in the Qatar Stock Exchange, A sample of 13 banks listed in the Qatar Stock Exchange (QSE) was conducted with weekly data, using the Panel data regression models during the period from 10/01/2019 to 31/12/2019.

It was concluded in the empirical results that the market risk premium (Rm-Rf) has a positive significant impact on the dependent variable (Ri-Rf) of the study, while both the size risk factor (logMVE) and value risk factor (B/M) are not explanatory factors for stock returns.