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Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1

Journal of Financial Economics · 1998 · Vol. 49(3) · pp. 283–306
Eugene F. Fama
Financial Markets and Investment StrategiesCorporate Finance and GovernanceComplex Systems and Time Series AnalysisEfficient-market hypothesisMarket efficiencyEconomicsTerm (time)Event studyEvent (particle physics)Financial economicsStock marketHistory
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References
Common risk factors in the returns on stocks and bonds
Journal of Financial Economics · 1993 · 27,375 citations
Multifactor Explanations of Asset Pricing Anomalies
The Journal of Finance · 1996 · 6,469 citations
The relationship between return and market value of common stocks
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Efficient Capital Markets: II
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EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*
The Journal of Finance · 1970 · 15,646 citations
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