Fama Portfolio - Barokong

The essays explain the ideas in terbaru terms, tell you why the papers are important, explain how the papers influenced subsequent thinking, update you on where our understanding on each point is today, and speculate about where new ideas may go. The continuing vitality of this work, even parts decades old, is impressive. The task was hard. Which Fama papers should one read? Well, all of them! but we nonetheless had to pick. We typically chose a famous one from early in one of Gene's many research programs, and then a less known later one that really sums it up clearly. Gene's ideas get clearer over time, just like the rest of ours do. The press lets us post our essays.  Here are mine (most joint with Toby): Preface; Efficient Markets and Empirical Finance; Luck vs. Skill; Risk and Return; Return Forecasts and Time Varying Risk Premiums; Our Colleague. Other authors may post their essays on their webpages. Otherwise, you'll just have to buy the book! The contents: Preface, by John H. Cochrane and Tobias J. Moskowitz I. Introductions My Life in Finance Eugene F. Fama Things I’ve Learned from Gene Fama Kenneth R. French Gene Fama’s Impact: A Quantitative Analysis G. William Schwert and René M. Stulz II. Efficient Markets Efficient Markets and Empirical Finance John H. Cochrane and Tobias J. Moskowitz The Great Divide Clifford Asness and John Liew Efficient Capital Markets: A Review of Theory and Empirical Work Eugene F. Fama Efficient Capital Markets: II Eugene F. Fama Market Efficiency, Long-Term Returns, and Behavioral Finance Eugene F. Fama III. Efficiency Applied: Event Studies and Skill Fama, Fisher, Jensen, and Roll (1969): Retrospective Comments Ray Ball Eugene Fama and Industrial Organization Dennis W. Carlton The Adjustment of Stock Prices to New Information Eugene F. Fama, Lawrence Fisher, Michael C. Jensen, and Richard Roll Luck versus Skill John H. Cochrane and Tobias J. Moskowitz Luck vs. Skill and Factor Selection Campbell R. Harvey and Yan Liu Luck versus Skill in the Cross-Section of Mutual Fund Returns Eugene F. Fama and Kenneth R. French IV. Risk and Return Risk and Return John H. Cochrane and Tobias J. Moskowitz Risk, Return, and Equilibrium: Empirical Tests Eugene F. Fama and James D. MacBeth The Cross-Section of Expected Stock Returns Eugene F. Fama and Kenneth R. French Common Risk Factors in the Returns on Stocks and Bonds Eugene F. Fama and Kenneth R. French Multifactor Explanations of Asset Pricing Anomalies Eugene F. Fama and Kenneth R. French V. Return Forecasts and Time-Varying Risk Premiums Return Forecasts and Time Varying Risk Premiums John H. Cochrane Short-Term Interest Rates as Predictors of Inflation Eugene F. Fama Forward Rates as Predictors of Future Spot Rates Eugene F. Fama Forward and Spot Exchange Rates Eugene F. Fama Dividend Yields and Expected Stock Returns Eugene F. Fama and Kenneth R. French The Information in Long-Maturity Forward Rates Eugene F. Fama and Robert R. Bliss VI. Corporate Finance and Banking Corporate Finance Amit Seru and Amir Sufi Agency Problems and the Theory of the Firm Eugene F. Fama Separation of Ownership and Control Eugene F. Fama and Michael C. Jensen Dividend Policy: An Empirical Analysis Eugene F. Fama and Harvey Babiak Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay? Eugene F. Fama and Kenneth R. French Financing Decisions: Who Issues Stock? Eugene F. Fama and Kenneth R. French Banking in the Theory of Finance Eugene F. Fama Conclusion: Our Colleague, by John H. Cochrane and Tobias J. Moskowitz Contributors
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