herding regime. After this self-amplified exuberance, the price has reached an unsustainable high value, being corrected by a … reconciliation of the two opposite (herding versus fundamental) proposals for the origin of crashes within a single framework and …

The purpose of this research is to explore the herding phenomenon during the Asian crisis of 1997 using intraday data … and a herding intensity measure that is free of the bias inherent in other measures. The findings suggest that the crisis … did not affect herding intensity to the same extent across all stocks, the largest and most persistent impact of the …

Informationsstandes verbunden zu sein. Das Anlageverhalten der Fondsmanager weist grundsätzlich kaum Verzerrungen auf - weder exzessive …, unerfahrene Fondsmanager zum Herdenverhalten neigen. In der Untersuchung offenbaren letztere aber keine höhere Risikoaversion, die … im Allgemeinen mit Herdenverhalten assoziiert wird. …

. Higher risk taking may be explained by a higher degree of overconfidence, less herding behavior, or a lower degree of risk … of previous studies, we find that herding is decreasing with experience while the evidence concerning risk taking and …

Based on a questionnaire survey the paper distinguishes between herding asset managers who try to be good and non-herding … 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 taking …

investments. Our results indicate prevalence of herding and overconfidence in professional analysts. We also find that analysts …

herding between individual investors and institutional investors in the equity fund market along with related issues of risk … aversion, cumulative performance, and the business cycle effect on herding. We find that individual equity fund investors … and their herding behavior is pro-cyclical. …

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

This study extends the herding measures proposed by Warmers (1999), Lakonishok, Shleifer and Vishny (1992) and … related to institutional herding proposed by Nofsinger and Sias (1999). Our analysis further develops a herding measure … related to the overbought herding measure, oversold herding measure, and overbought–oversold in dollar ratio for Qualified …