EF FAMA's research while affiliated with University of Rochester and other places

Publications (3)

Article
This paper analyzes the survival of organizations in which decision agents do not bear a major share of the wealth effects of their decisions. This is what the literature on large corporations calls separation of 'ownership' and 'control.' Such separation of decision and risk bearing functions is also common to organizations like large professional...

Citations

... The agency model advocates diversity as a measure of independence (Jensen & Meckling, 1976). The theory stresses that female directors add value to the firm by bringing in their expertise and enhancing board independence in achieving effective decision control (Fama & Jensen, 1983). Female directors have also been noted to have a higher tendency to toughly monitor and sanction CEOs (Ferreira, 2015). ...
... Problems with our approach are discussed in this article. san, 1975 ), there is evidence that such analysis is a reasonable way to judge journal influence through use (Garfield, 1972; Smith, 1981; Jensen, Long, Smith, Stulz, & Warner, 1987). Journal cohesiveness can be measured, for example, by determining the effect of each journal upon the amount of communication entropy (disorder) existing in a system of journals publishing articles on the same subject (Shaw, 1981Shaw, , 1983 Pao, 1980; Boyce & Martin, 1981). ...
... When Michael C. Jensen, Eugene F. Fama, and Robert C. Merton originally planned the JFE, they agreed that citations to papers published in the JFE should be an objective measure of the success of the journal. 12 Three separate editorials (Jensen et al. (1987), Jensen et al. (1990), and Schwert (1993)) summarized the citation success of JFE papers, and the web page for the editor's office has maintained numerous statistics reflecting citation performance since 1996. ...