Huang, Hung-Hsi; Hung, Rern-Jay; Wang, Ching-Ping; … - In: Applied Economics Letters 17 (2010) 15, pp. 1531-1535
This article aims to explore whether business cycle has any bearing on herding by fund mangers. Using the sample of open-end mutual funds in Taiwan from January 2003 to February 2007, the main results are as follows. First, excluding the impact of business indicator, herd behaviours for balanced...