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Kenneth French

Kenneth French
Born (1954-03-10) March 10, 1954
Franklin, New Hampshire
Nationality United States
Field Financial economics
School or tradition
Neoclassical economics
Contributions Fama–French three-factor model
Information at IDEAS / RePEc

Kenneth Ronald "Ken" French (born March 10, 1954) is the Roth Family Distinguished Professor of Finance at the Tuck School of Business, Dartmouth College.[1] He has previously been a faculty member at MIT, the Yale School of Management, and the University of Chicago Booth School of Business. He is most famous for his work on asset pricing with Eugene Fama. They wrote a series of papers, that cast doubt on the validity of the Capital Asset Pricing Model (CAPM), which posits that a stock's beta alone should explain its average return. These papers describe two factors above and beyond a stock's market beta which can explain differences in stock returns: market capitalization and "value".[2] They also offer evidence that a variety of patterns in average returns, often labeled as "anomalies" in past work, can be explained with their Fama–French three-factor model.[3]

Along with contributing articles to major journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the American Economic Review, the Journal of Political Economy, and the Journal of Business, French is also a research associate at the National Bureau of Economic Research, an advisory editor at the Journal of Financial Economics, and a former associate editor of the Journal of Finance and the Review of Financial Studies.

Professor French was the vice president of the American Academy of Arts and Sciences (AAAS).

He obtained a B.S. in 1975, from Lehigh University in mechanical engineering. He then earned an M.B.A. in 1978, an M.S. in 1981, and a Ph.D. in finance in 1983, all from the University of Rochester. In 2005, French became a Rochester Distinguished Scholar.

French is a board member of Dimensional Fund Advisors[4] in Austin, Texas, where he also works as Consultant and Head of Investment Policy.

References

  1. ^ Taha, Ahmed (June 23, 2010). "Luck Is The Key To Success For Most Top Mutual Funds".  
  2. ^ Fama, Eugene F.; French, Kenneth R. (1992). "The Cross-Section of Expected Stock Returns". Journal of Finance 47 (2): 427–465.  
  3. ^ Fama, Eugene F.; French, Kenneth R. (1993). "Common Risk Factors in the Returns on Stocks and Bonds". Journal of Financial Economics 33 (1): 3–56.  
  4. ^ "Kenneth French listing at Dimensional Fund Advisors". Dimensional Fund Advisors. Retrieved February 5, 2015. 

External links

  • Home page at Dartmouth College
  • Biography at Dimensional Fund Advisors
  • Highly Cited Researchers
  • French and Fama Three Factor Model
  • 2005 Thompson Scientific Shortlisting
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