Philippas, Nikolaos; Economou, Fotini; Babalos, Vassilios; … - In: International Review of Financial Analysis 29 (2013) C, pp. 166-174
This study examines the existence of herding effects in the US REIT market, constructing a survivorship …-bias-free dataset of daily returns during the period January 2004–December 2011. Apart from documenting the existence of herding … emergence of herding behavior. Contrary to common belief, however, the recent financial crisis did not seem to contribute to …