Eugene F. Fama
University of Chicago
5 papers in the Anchorcite directory, published between 1980 and 1997, cited 43,799 times in total.
Research topics
- Financial Markets and Investment Strategies · 4 papers
- Corporate Finance and Governance · 3 papers
- Economic theories and models · 2 papers
- Auditing, Earnings Management, Governance · 1 paper
- Economic Theory and Institutions · 1 paper
- Stock Market Forecasting Methods · 1 paper
Frequent co-authors
- Kenneth R. French · 3 papers
Papers
- The Cross‐Section of Expected Stock ReturnsThe Journal of Finance · 1992 · 15,079 citations
ABSTRACT Two easily measured variables, size and book‐to‐market equity, combine to capture the cross‐sectional variation in average stock returns associated with market β , size, leverage, book‐to‐market equity, and earnings‐price ratios. Moreover, when the tests allow for variation in β…
- Agency Problems and the Theory of the FirmJournal of Political Economy · 1980 · 10,691 citations
This paper attempts to explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization. We first set aside the presumption that a corporation has owners in any meaningful sense.…
- Multifactor Explanations of Asset Pricing AnomaliesThe Journal of Finance · 1996 · 6,545 citations
ABSTRACT Previous work shows that average returns on common stocks are related to firm characteristics like size, earnings/price, cash flow/price, book‐to‐market equity, past sales growth, long‐term past return, and short‐term past return. Because these patterns in average returns apparently are…
- Industry costs of equityJournal of Financial Economics · 1997 · 6,236 citations
Abstract Estimates of the cost of equity for industries are imprecise. Standard errors of more than 3.0% per year are typical for both the CAPM and the three-factor model of Fama and French (1993). These large standard errors are the…
- Efficient Capital Markets: IIThe Journal of Finance · 1991 · 5,248 citations
El presente trabajo tiene como objetivo comprobar si el Mercado Integrado Latinoamericano generó cambios en la eficiencia en su forma débil en el mercado financiero colombiano, usando un test de ratio varianza. Primero, se evalúa la estacionariedad de las series,…
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