Gene Fama's Impact: A Quantitative Analysis

32 Pages Posted: 17 Sep 2014

See all articles by G. William Schwert

G. William Schwert

University of Rochester - Simon Business School; National Bureau of Economic Research (NBER)

René M. Stulz

Ohio State University (OSU) - Department of Finance; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)

Date Written: September 15, 2014

Abstract

This paper provides a quantitative perspective on Gene Fama’s influence on the scholarly community. He has more than 140,000 Google cites while the median number of citations for the Fellows of the American Finance Association is 32,792. Gene Fama has published highly-cited papers in six decades. His most impactful theoretical work took place earlier than his most impactful empirical work. While Gene Fama’s most impactful empirical asset pricing work was published in the Journal of Financial Economics, his most impactful theoretical/conceptual work was published in the Journal of Finance and in the Journal of Law and Economics. An important dimension of the impact of Gene Fama on the finance profession is through his Ph.D. students. These students include one Nobel prize winner, six AFA presidents, and four editors of top finance journals.

Keywords: Fama, Citations

JEL Classification: G00, B20

Suggested Citation

Schwert, G. William and Stulz, Rene M., Gene Fama's Impact: A Quantitative Analysis (September 15, 2014). Simon Business School Working Paper No. FR 14-17. Available at SSRN: https://ssrn.com/abstract=2496471 or http://dx.doi.org/10.2139/ssrn.2496471

G. William Schwert (Contact Author)

University of Rochester - Simon Business School ( email )

Carol Simon Hall 3-110L
Rochester, NY 14627
United States
585-275-2470 (Phone)
585-461-5475 (Fax)

HOME PAGE: http://schwert.ssb.rochester.edu

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Rene M. Stulz

Ohio State University (OSU) - Department of Finance ( email )

2100 Neil Avenue
Columbus, OH 43210-1144
United States

HOME PAGE: http://www.cob.ohio-state.edu/fin/faculty/stulz

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

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