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