تأثير استخدام نموذج خماسي العوامل المعدل لفاما وفرنش على العوائد الإضافية لمحفظة الأسهم : دراسة تطبيقية في سوق العراق للأوراق المالية للفترة من 2009-2017

Abstract EN

The aim of this research is to test the explanatory force of the revised Fama and French Five Factor model (2015) in explaining the excess returns of Iraqi's stock Exchange for a period of 2009- 2017.

We formed Five portfolios depending on the independent variables identified by the model of (FF) .We used a Data of 34 listed companies with 306 observation , Assuming that independent variables have an impact on the excess returns as an a dependent variable .the result show that the F-F five factors model can lead to better return for investor if their portfolios for med on the basis of the size factor (SMB) and profitability factor (RMW) ,there for ,the research recommended paying attention for these priorities.