{"product_id":"9783656178248","title":"Value versus Growth - An Empirical Analysis of Equity Fund Managers´ Capabilities to Generate Alpha","description":"Bachelor 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. This 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.","brand":"GRIN Verlag GmbH","offers":[{"title":"Default Title","offer_id":46527952945393,"sku":"9783656178248","price":19.72,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0674\/5433\/7265\/files\/9783656178248_p0.jpg?v=1771221241","url":"https:\/\/shop.barnesandnoble.com\/products\/9783656178248","provider":"Barnes \u0026 Noble","version":"1.0","type":"link"}