Lütje, Torben - In: Applied financial economics 19 (2009) 10/12, pp. 825-839
Based on a questionnaire survey this article distinguishes between herding asset managers who try to be good, and … nonherding asset managers who try to be better than their competitors. It provides evidence for reputational herding and … discusses herding managers' working effort, preferred sources of information and investment horizon. Additionally, their risk …