This article intends to provide answers concerning what drives individual investor herding behavior. Our empirical … - using both the traditional Lakonishok et al. (1992) and the more recent Frey et al. (2007) measures - that herding is … prevalent and strong among French individual investors. We then show that herding is persistent: stocks on which investors …

This paper aims to investigate the intensity and the effectiveness of the capital controls in China from 2003 to 2010 …

A shared belief in the financial industry is that markets are driven by two types of regimes. Bull markets would be … characterized by high returns and low volatil- ity whereas bear markets would display low returns coupled with high volatility …

main point in this reearch is the focus that authors put on learning, diffusion, imitation and bouded rationality. Markets …, including consumer-producer relationships and learning; financial markets are also widely studied. …

This paper addresses the traditional Lakonishok, Shleifer and Vishny (LSV) herding measure and points out its lack of … formal explanation of this bias and propose a more appropriate measure of herding. We then turn to the properties of the new … propose a corrected version of their indicator. We also show that the real herding value is within an interval bounded by LSV …

communities in the fields of agriculture, herding and agroforestry. …

Using the traditional herding measure of Lakonishok, Shleifer and Vishny (1992) (LSV) and the more recent measure of … Frey, Herbst and Walter (2007) (FHW), we assess herding by French equity mutual funds between 1999 and 2005. We show that … LSV herding amounts to 6.5%, while FHW herding is approximately 2.5 times stronger. We find that herding is stronger in …