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The Inter-Firm Value Effect in the Qatar Stock Market: 2005-2014

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  • Omar Gharaibeh

Abstract

This paper examines whether there is evidence of an inter-firm value in the returns of Qatar firms. The long-term return contrarian and book-to-market strategies are approaches commonly used to test for value effect. This study documents statistically significant abnormal profits of an inter-firm value effect with two measures. The long-term return contrarian and BE/ME strategies provide significant abnormal raw returns of 1.17% and 1.64% per month, respectively. Although each of the value strategies earns significant unadjusted profits, these profits can be explained by the Fama-French three-factor model.

Suggested Citation

  • Omar Gharaibeh, 2015. "The Inter-Firm Value Effect in the Qatar Stock Market: 2005-2014," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(1), pages 189-189, December.
    • Handle: RePEc:ibn:ijbmjn:v:11:y:2015:i:1:p:189
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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