; decision heuristics leading employees' choice among the different funds available. …

The employees' decision to become shareholder of the company they work for can be a consequence of employers' matching …

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 …

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 …

breaking down a change in risk disclosure into a market volatility component and a bank-specific risk exposure component. In a …

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

what a central bank could have done to improve the reaction of the economy to the financial bubble. We study by means of a … fi nancial accelerator DSGE model the dynamics of our economy when the central bank has, fi rst, only traditional … actions of the central bank would have remained limited by the use of a single instrument, the interest rate. …