Eugene F. Fama

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Eugene F. Fama
Eugenefama.jpg
Born February 14, 1939
Boston, Massachusetts
Nationality American
Alma mater University of Chicago
Occupation Academic , financial economics
Notable work Fama-French three-factor model
Efficient-market hypothesis
Awards Nobel Memorial Prize in Economics (2013)
Website Research page

Eugene F. Fama is the Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago

Fama categorizes his research efforts as

  • Portfolio Theory and Asset Pricing
  • Corporate Finance: Theoretical, Empirical
  • General Economics: Theoretical, Empirical
  • General Statistics: Theoretical, Empirical

Major research

Fama is especially known for his work on market efficiency, and on the three factor model, which he has researched in partnership with Ken R. French. Fama was awarded the Nobel Prize in Economic Sciences in 2013.[1]

In 2013, Fama and French introduced a five-factor asset pricing model, adding profitability and investment factors to augment the three-factor model.

Papers

Fama is the author/co-author of five award-winning papers:[2][3]


Year Award Study
2006 Jensen Prize (second place) Profitability, Investment, and Average Returns[4]
2004 Fama-DFA Prize (second place) New lists: Fundamentals and survival rates[5]
2001 Jensen Prize (second place) Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay[6]
1998 Fama-DFA Prize Market Efficiency Long-Term Returns and Behavioral Finance[7]
1992 Smith-Breeden Prize The Cross-Section of Expected Stock Returns[8]

Blog

Fama/French ForumRSS Feed icon - 200px.png RSS feed

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See also

References

  1. Nobelprize.org, The Official Web Site of the Nobel Prize
  2. "Amundi Smith Breeden Prizes". American Finance Association. http://www.afajof.org/details/page/2870731/Prizes.html. Retrieved December 17, 2015.
  3. "Jensen and Fama-DFA Prizes". Journal of Financial Economics. http://jfe.rochester.edu/winners.htm. Retrieved December 17, 2015.
  4. Fama, Eugene F.; French, Ken (2006). Profitability, Investment, and Average Returns. Journal of Financial Economics. CFA Institute. https://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v37.n2.4595.aspx.
  5. Fama, Eugene F.; French, Ken (2004). New lists: Fundamentals and survival rates. Journal of Financial Economics. North-Holland. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=yP7euFUAAAAJ&cstart=60&sortby=pubdate&citation_for_view=yP7euFUAAAAJ:TQgYirikUcIC.
  6. Fama, Eugene F.; French, Ken (2001). Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay. Journal of Financial Economics. Oxford University Press. pp. 229-269. http://ssrn.com/abstract=203092.
  7. Fama (2003). Market Efficiency Long-Term Returns and Behavioral Finance. Journal of Financial Economics. North-Holland. pp. 283-306. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=yP7euFUAAAAJ&cstart=100&sortby=pubdate&citation_for_view=yP7euFUAAAAJ:Tyk-4Ss8FVUC.
  8. Fama, Eugene F.; French, Ken (1992). The Cross-Section of Expected Stock Returns. Journal of Finance. Blackwell Publishing Ltd. pp. 427-465. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=yP7euFUAAAAJ&citation_for_view=yP7euFUAAAAJ:9yKSN-GCB0IC.

External links