Kenneth French
Kenneth Ronald French (born March 10, 1954 in Franklin , New Hampshire ) is an American economist. His main research interests are investment strategies.
Life
Kenneth French was the son of Vernon Cecil and Barbara Jean French, b. Craig, born. He studied mechanical engineering at Lehigh University and graduated with a bachelor's degree in 1975 . He completed a degree in finance and accounting at the University of Rochester , which he completed in 1978 with an MBA . He received a Masters of Science degree from the University of Rochester in Finance and Econometrics three years later. In 1983 he received his Ph. D. From the same university , he was then a lecturer at the University of Chicago , from 1985 as an associate professor and from 1987 as a full professor. In 1993, in addition to his work at Chicago University, he was visiting professor at the Tuck School of Business at Dartmouth College . In 1994, Kenneth French went to the Yale School of Management . There he worked as Edwin J. Kniecke Professor for Management and Finance. In 1998 he moved to the Massachusetts Institute of Technology before returning to the Tuck School of Business in 2001 as a Carl E. and Catherine M. Heidt Professor .
Together with Eugene Fama , he wrote a number of essays that questioned the validity of the Capital Asset Pricing Model (CAPM). This model states that only the beta, as a stock-specific variable, has an influence on the expected return on the stock. In their essays, they describe that in addition to the beta of the share, factors such as market capitalization and the ratio of book and market value of equity also have an influence on the expected return on the share. These results lead to an extension of the capital asset pricing model to the Fama-French three-factor model .
French has been a member of the American Academy of Arts and Sciences since 2007 .
Kenneth French is married and has three children.
Individual evidence
- ^ Eugene F. Fama, French, Kenneth R .: The Cross-Section of Expected Stock Returns . In: Journal of Finance . 47, No. 2, 1992, pp. 427-465. doi : 10.2307 / 2329112 .
- ^ Eugene F. Fama, French, Kenneth R .: Common Risk Factors in the Returns on Stocks and Bonds . In: Journal of Financial Economics . 33, No. 1, 1993, pp. 3-56. doi : 10.1016 / 0304-405X (93) 90023-5 .
literature
- Who's Who in America 2008 . P. 1564, ISBN 978-0-8379-7011-0
Web links
| personal data | |
|---|---|
| SURNAME | French, Kenneth |
| ALTERNATIVE NAMES | French, Kenneth Ronald |
| BRIEF DESCRIPTION | American economist |
| DATE OF BIRTH | March 10, 1954 |
| PLACE OF BIRTH | Franklin , New Hampshire |