Herding Behavior of Institutional Investors in Romania. An Empirical Analysis
نویسندگان
چکیده
منابع مشابه
Herding Among Individual Investors
The conjecture that investor sentiment leads important groups of investors to act similarly and thereby affect prices is an important ingredient of models of noise trading and style investing. In contrast to Lakonishok et al. (1992), who find only weak evidence of herding among institutional investors and conjecture that retail investors will herd even less, we document that a sample of over 30...
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ژورنال
عنوان ژورنال: Review of Economic and Business Studies
سال: 2017
ISSN: 2068-7249
DOI: 10.1515/rebs-2017-0057