Consequently, it is in managers' best interest to avoid herding behavior and try to act rationally when they decide firms' financing sources. Originality/value - To the best of the knowledge, this is the first study in the literature that finds support for the herding financing behavior in an...
Herding in financial markets: a review of the literatureAnalyst recommendationsHerdingInstitutional investorsPurpose – The purpose of this paper is to provide a review of theory and empirical evidence on herding behavior in financial markets. Design/methodology/approach – Review and discussion of the ...
(2004). Herding Behavior of Financial Analysts: A Model of Self-Organized Criticality. In: Gallegati, M., Kirman, A.P., Marsili, M. (eds) The Complex Dynamics of Economic Interaction. Lecture Notes in Economics and Mathematical Systems, vol 531. Springer, Berlin, Heidelberg. https://doi...
(J Bank Finance 24:1651-1679,2000)are used for herding estimations.Results based on daily stock data reveal that there is an absence of herding behavior during rising(up)and falling(down)market as well as during high and low volatility in market.While herding behavior is detected during low ...
Show abstract Thirty years of herd behavior in financial markets: A bibliometric analysis 2022, Research in International Business and Finance Show abstractView all citing articles on Scopus1 Ming-Chun Wang acknowledges funding support from the Ministry of Science and Technology (MOST) in Taiwan, unde...
The Journal of Real Estate Finance and EconomicsZhou, J. and R. I. Anderson. Forthcoming. An Empirical Investigation of Herd- ing Behavior in the U.S. REIT Market. Journal of Real Estate Finance and Economics.Jian Zhou,Randy I. Anderson.An Empirical Investigation of Herding Behavior in the...
This study explores the herding behavior of security analysts, the firm characteristics in attracting herding, and the consequences of the herding recommen... TH Lin,WY Jang,SS Tsang - 《International Journal of Economics & Finance》 被引量: 2发表: 2013年 Stock Analysts Vs. The Crowd: A Stud...
Herding behavior of mutual fund managers in Germany. Unpublished Working PaperA OehlerS WendtHerding behavior, i.e. the adjustment of a decision maker's behavior, opinion, or expectations due to real or illusionary (social) pressures, can be explained by numerous behavioral finance models, such ...
Given that the relative importance of trades by institutional investors in Korea increases due partly to the considerable growth in the subscription of installment funds by individual investors in the recent surge of stock market, it would be worthwhile to examine fund managers' trading behavior and ...
- 《Multinational Finance Journal》 被引量: 73发表: 2013年 INSTITUTIONAL TRADING AND OPENING PRICE BEHAVIOR:EVIDENCE FROM A FAST-EMERGING MARKET Using daily and intraday data, we investigate the cross-sectional relation between stock prices and institutional trading in the Taiwan stock market. Consi....