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