Chen, Yu-Fen; Wang, Chih-Yung; Lin, Fu-Lai - In: Emerging Markets Finance and Trade 44 (2008) 4, pp. 62-74
This paper investigates whether and why qualified foreign institutional investors (QFIIs) in Taiwan herd when picking stocks. The evidence shows that QFIIs herd in Taiwan's securities market: They follow each other into and out of the same securities. We identify how the herding behavior forms...