Academic Research

Title	Description	Category	Size (Kb)
Value Versus Growth: The International Evidence	Value stocks have higher returns than growth stocks in markets around the world. For 1975-95, the difference between the average returns on global portfolios of high and low book-to-market stocks is 7.60% per year, and value stocks outperform growth stock		65.13	Download
Luck Versus Skill in the Cross Section of Mutual Fund Returns	The aggregate portfolio of U.S. equity mutual funds is close to the market portfolio, but the high costs of active management show up intact as lower returns to investors.		371.80	Download