id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_q7rz2dn7hjcavpguku7mhztfpa	Henrik Cronqvist	Value versus growth investing: Why do different investors have different styles?	2015	40	.pdf	application/pdf	13312	1178	62	job market during an economic downturn) and those who grew up in a lower status socioeconomic rearing environment have a stronger value orientation several decades later in their lives. individual's investment style has a biological basis, i.e., a preference for value versus growth stocks specific life experiences affect behaviors, including the individual's investment style, later in life. First, an investor's style has a biological basis – a preference for value versus growth stocks is individuals explain 18% of the cross-sectional variation in value versus growth orientation, if using investors with a propensity to take more (less) financial risk to prefer value (growth) stocks and investors explain their value versus growth orientation, differential genetic propensities to financial suggests that genetic differences affect value versus growth orientation among individual investors. While the evidence reported so far involves individual stocks, we also decompose the crosssectional variation in investment style using data on mutual funds.	./cache/work_q7rz2dn7hjcavpguku7mhztfpa.pdf	./txt/work_q7rz2dn7hjcavpguku7mhztfpa.txt