Michael C. Jensen的实证研究

IF 10.4 1区经济学 Q1 BUSINESS, FINANCE

Journal of Financial Economics Pub Date : 2025-06-21 DOI:10.1016/j.jfineco.2025.104119

Eugene F. Fama, Kenneth R. French

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引用次数: 0

摘要

迈克•詹森（Mike Jensen）的许多研究都是基础性的，包括他早期专注于实证资产定价的出版物。例如，他在《Jensen》（1968年和1969年）一书中提出的用于评估共同基金经理的Jensen alpha是大多数投资绩效衡量的基础。同样，在Fama等人（1969）中，Jensen及其合作者提出了第一个事件研究，此后，事件研究在金融、会计和法律研究中发挥了重要作用。最后，Black、Jensen和Scholes（1972）提出了一个关键的见解，即在资产定价测试的精度中，抽样误差的相互依赖性的重要性。

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Michael C. Jensen’s empirical work

Much of Mike Jensen's research is foundational, including his early publications, which focus on empirical asset pricing. For example, Jensen's alpha, which he developss in Jensen (1968 and 1969) to evaluate mutual fund managers, is the foundation for most measures of investment performance. Similarly, in Fama et al (1969), Jensen and coauthors present the first event study, Thereafter, event studies play a major role in finance, accounting, and legal research. Finally, Black, Jensen, and Scholes (1972) develop a key insight about the importance of interdependence of sampling errors in the precision of asset pricing tests.

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来源期刊

Journal of Financial Economics Multiple-

CiteScore

15.80

自引率

4.50%

发文量

192

审稿时长

37 days

期刊介绍： The Journal of Financial Economics provides a specialized forum for the publication of research in the area of financial economics and the theory of the firm, placing primary emphasis on the highest quality analytical, empirical, and clinical contributions in the following major areas: capital markets, financial institutions, corporate finance, corporate governance, and the economics of organizations.