Kenneth French

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Kenneth French
Born (1954-03-10) March 10, 1954 (age 70)
Franklin, New Hampshire, U.S.
NationalityAmerican
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

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]

Early life and education

French was born in Franklin, New Hampshire. He obtained a B.S. in mechanical engineering from Lehigh University in 1975. He then earned a MBA 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.

Career

French has written for the

Journal of Finance
, and the Review of Financial Studies.

Professor French was the vice president of the American Finance Association in 2005 and was the organization's president in 2007-8.[5] Also in 2007, Professor French was elected to the American Academy of Arts and Sciences (AAAS).

French is a board member of Dimensional Fund Advisors[6] 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". Forbes. Archived from the original on February 13, 2012.
  2. ^ "Kenneth R. French - Curriculum Vitae". mba.tuck.dartmouth.edu. Retrieved 2017-07-30.
  3. JSTOR 2329112
    .
  4. doi:10.1016/0304-405X(93)90023-5
    .
  5. ^ 2008 AFA Annual Meeting Presidential Address at AFA website
  6. ^ "Kenneth French listing at Dimensional Fund Advisors". Dimensional Fund Advisors. Retrieved February 5, 2015.

External links

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