Hou, Tony Chieh-Tse; McKnight, Phillip J.; Weir, Charlie - In: Applied Financial Economics 24 (2014) 3, pp. 175-186
This article analyses the trading activity of Taiwanese open-end equity mutual fund herding behaviour over the period of 1996--2008. We found evidence of both directional and directionless herding. We also found that sell-side fund herding leads to price stabilization, whereas buy-side herding...