Chiang, Thomas C.; Li, Jiandong; Tan, Lin - In: Global Finance Journal 21 (2010) 1, pp. 111-124
This study examines the herding behavior of investors in Chinese stock markets. Using a least squares method, we find evidence of herding within both the Shanghai and Shenzhen A-share markets and no evidence of herding within both B-share markets. A-share investors display herding formation in...