Kenneth French
American economist / From Wikipedia, the free encyclopedia
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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.[2]
Kenneth French | |
---|---|
Born | (1954-03-10) March 10, 1954 (age 70) Franklin, New Hampshire, U.S. |
Nationality | American |
Academic career | |
Field | Financial economics |
School or tradition | Neoclassical economics |
Contributions | Fama–French three-factor model |
Information at IDEAS / RePEc | |
He has worked 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".[3] 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.[4]