Kenneth French

Kenneth French
Born (1954-03-10) March 10, 1954 (age 70)
Franklin, New Hampshire, U.S.
Academic career
FieldFinancial economics
School or
tradition		Neoclassical economics
ContributionsFama–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.[2]

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]

  1. ^ Taha, Ahmed (June 23, 2010). "Luck Is The Key To Success For Most Top Mutual Funds". Forbes. Archived from the original on February 13, 2012.
  2. ^ "Kenneth R. French - Curriculum Vitae". mba.tuck.dartmouth.edu. Retrieved 2017-07-30.
  3. ^ Fama, Eugene F.; French, Kenneth R. (1992). "The Cross-Section of Expected Stock Returns". Journal of Finance. 47 (2): 427–465. CiteSeerX 10.1.1.556.954. doi:10.2307/2329112. JSTOR 2329112.
  4. ^ 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. CiteSeerX 10.1.1.139.5892. doi:10.1016/0304-405X(93)90023-5.