Value versus Growth - An Empirical Analysis of Equity Fund Managers´ Capabilities to Generate Alpha

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.

About the author

Thomas Müller, Verleger seit 1987, Gründer und Vorstand der TM BöRSENVERLAG AG, Gründer und Geschäftsführer der boerse.de Finanzportal GmbH. Thomas Müller verfasste in den 90er-Jahren zahlreiche Artikel, Reports und Bücher zu den Schwerpunkt-Themen Derivate und technische Analysen.

Product details

• Authors: Thomas Müller
• Publisher: Grin Verlag
• Languages: English
• Product format: Paperback / Softback
• Released: 02.05.2012
• EAN: 9783656180173
• ISBN: 978-3-656-18017-3
• No. of pages: 64
• Dimensions: 148 mm x 210 mm x 4 mm
• Weight: 107 g
• Illustrations: 2 Farbabb.
• Series: Akademische Schriftenreihe; Akademische Schriftenreihe, Bd. V192205; Akademische Schriftenreihe; Akademische Schriftenreihe Bd. V192205
• Subject: Social sciences, law, business > Business > Management