Fama Portfolio
The essays explicate the ideas inwards modern terms, tell you lot why the papers are important, explicate how the papers influenced subsequent thinking, update you lot on where our agreement on each betoken is today, as well as speculate virtually where novel ideas may go. The continuing vitality of this work, fifty-fifty parts decades old, is impressive.
The chore was hard. Which Fama papers should 1 read? Well, all of them! but nosotros withal had to pick. We typically chose a famous 1 from early on inwards 1 of Gene's many interrogation programs, as well as and then a less known later on 1 that actually sums it upward clearly. Gene's ideas teach clearer over time, only similar the residual of ours do.
The press lets us post service our essays. Here are mine (most articulation alongside Toby):
- Preface;
- Efficient Markets as well as Empirical Finance;
- Luck vs. Skill;
- Risk as well as Return;
- Return Forecasts as well as Time Varying Risk Premiums;
- Our Colleague.
The contents:
Preface, past times John H. Cochrane as well as Tobias J. Moskowitz
I. Introductions
My Life inwards Finance
Eugene F. Fama
Things I’ve Learned from Gene Fama Kenneth R. French
Gene Fama’s Impact: Influenza A virus subtype H5N1 Quantitative Analysis G. William Schwert as well as René M. Stulz
II. Efficient MarketsEfficient Markets as well as Empirical Finance
John H. Cochrane as well as Tobias J. Moskowitz
The Great Divide Clifford Asness as well as John Liew
Efficient Capital Markets: Influenza A virus subtype H5N1 Review of Theory as well as Empirical Work Eugene F. Fama
Efficient Capital Markets: II Eugene F. Fama
Market Efficiency, Long-Term Returns, as well as Behavioral Finance Eugene F. Fama
III. Efficiency Applied: Event Studies as well as SkillFama, Fisher, Jensen, as well as Roll (1969): Retrospective Comments
Ray Ball
Eugene Fama as well as Industrial Organization Dennis W. Carlton
The Adjustment of Stock Prices to New Information Eugene F. Fama, Lawrence Fisher, Michael C. Jensen, as well as Richard Roll
Luck versus Skill John H. Cochrane as well as Tobias J. Moskowitz
Luck vs. Skill as well as Factor Selection Campbell R. Harvey as well as Yan Liu
Luck versus Skill inwards the Cross-Section of Mutual Fund Returns Eugene F. Fama as well as Kenneth R. French
IV. Risk as well as ReturnRisk as well as Return
John H. Cochrane as well as Tobias J. Moskowitz
Risk, Return, as well as Equilibrium: Empirical Tests Eugene F. Fama as well as James D. MacBeth
The Cross-Section of Expected Stock Returns Eugene F. Fama as well as Kenneth R. French
Common Risk Factors inwards the Returns on Stocks as well as Bonds Eugene F. Fama as well as Kenneth R. French
Multifactor Explanations of Asset Pricing Anomalies Eugene F. Fama as well as Kenneth R. French
V. Return Forecasts as well as Time-Varying Risk PremiumsReturn Forecasts as well as Time Varying Risk Premiums
John H. Cochrane
Short-Term Interest Rates equally Predictors of Inflation Eugene F. Fama
Forward Rates equally Predictors of Future Spot Rates Eugene F. Fama
Forward as well as Spot Exchange Rates Eugene F. Fama
Dividend Yields as well as Expected Stock Returns Eugene F. Fama as well as Kenneth R. French
The Information inwards Long-Maturity Forward Rates Eugene F. Fama as well as Robert R. Bliss
VI. Corporate Finance as well as BankingCorporate Finance
Amit Seru as well as Amir Sufi
Agency Problems as well as the Theory of the Firm Eugene F. Fama
Separation of Ownership as well as Control Eugene F. Fama as well as Michael C. Jensen
Dividend Policy: An Empirical Analysis Eugene F. Fama as well as Harvey Babiak
Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay? Eugene F. Fama as well as Kenneth R. French
Financing Decisions: Who Issues Stock? Eugene F. Fama as well as Kenneth R. French
Banking inwards the Theory of Finance Eugene F. Fama
Conclusion: Our Colleague, past times John H. Cochrane as well as Tobias J. MoskowitzContributors
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