This paper examines herding behavior in global markets. By applying daily data for 18
countries from May 25, 1988, through April 24, 2009, we find evidence of herding in …

Herding behaviour in the financial market has been popular as a theoretical concept since
the 1990s. Many articles have studied and discussed herding behaviour in the capital …

We find a herding tendency among both amateur and professional investors and conclude
that the propensity to herd is lower in the professionals. These results are obtained both …

By using the smooth transition regression (STR) approach, which captures nonlinearity with
regime switches, this paper examines investors' herding behavior in Asian and Latin …

This paper examines herd behaviour using aggregate market data for stocks, with a focus on
the role of idiosyncratic participants with heterogeneous information. We look at herding …

There are two different concepts of corporate reputation grounded in individual and
collective perceptions, respectively. The aim of this study was to identify how these two ways …

This paper aims to test whether herding behavior affects the dependence structure between
stock markets in the Gulf Cooperation Council (GCC) countries, by taking account of different …

Investment patterns often associated with agency and information problems can emerge as
rational responses to product–market rivalry. We illustrate this result when industry players …

We examine the herding behavior of investors in the US financial industry, especially
commercial banks, S&Ls, investment and insurance firms during global financial crisis of …

Active portfolio management often involves the objective of selecting a portfolio with
minimum tracking error variance (TEV) for some expected gain in return over a benchmark …