• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Efficient capital markets
      • Asset pricing
      • Interest rates, exchange rates and futures prices
      • Agency theory
      • Corporate finance and banking
      • Fama’s students
      • The legacy
      • Acknowledgements
    • See Also
    • Bibliography
    • How to cite this article

Fama, Eugene F. (1939–)

G. William Schwert
From The New Palgrave Dictionary of Economics, Online Edition, 2015
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Eugene Fama is known as the father of empirical finance. Over an unusually active career that spans more than five decades, Fama has produced pioneering research on efficient capital markets and asset pricing models, as well as the behaviour of interest rates, exchange rates, futures prices and inflation rates. He has also produced important papers on capital structure and payout policy. His theoretical work on agency problems and banking is ground-breaking and influential. In addition, Fama’s influence on finance through the doctoral students he has supervised and his diligent work as a professional colleague are widely recognised and appreciated.
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Keywords

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Article

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How to cite this article

Schwert, G. William. "Fama, Eugene F. (1939–)." The New Palgrave Dictionary of Economics. Online Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2015. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 30 March 2017 <http://www.dictionaryofeconomics.com/article?id=pde2015_F000333> doi:10.1057/9780230226203.3942

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