{"product_id":"value-versus-growth-an-empirical-analysis-of-equity-fund-managers-capabilities-to-generate-alpha-von-thomas-muller","title":"Value versus Growth - An Empirical Analysis of Equity Fund Managers´ Capabilities to Generate Alpha","description":"\u003cp\u003eBachelor Thesis from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 1,00, EBS European Business School gGmbH, language: English, abstract: Portfolio managers face the challenge to achieve excess returns comparative to a benchmark for their private or institutional clients. Researchers such as Fama and French (1992, 1996) or Lakonishok, Shleifer, and Vishny (1994) caused a stir with their findings that various investment styles tend to accomplish superior returns over a long-term horizon. Their findings proposed that value stocks tend to outperform growth stocks.\u003c\/p\u003e\u003cp\u003eThis bachelor thesis raises the question whether value or growth fund managers are able to achieve a persistent outperformance relative to their internal and external benchmark. The findings have a crucial influence on investors considering an investment into the equity market by an active or passive portfolio management approach.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656180173\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656180173","offer_id":39446017671261,"sku":"9783656180173","price":27.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/09186cd9-7153-4561-82cc-b09a4555fb10.jpg?v=1777871897","url":"https:\/\/shop.autorenwelt.de\/en\/products\/value-versus-growth-an-empirical-analysis-of-equity-fund-managers-capabilities-to-generate-alpha-von-thomas-muller","provider":"Autorenwelt Shop","version":"1.0","type":"link"}