The study extends Sias's (2004) method of analysing institutional investors' inter-temporal herding in securities to examine whether the herding effect among banks in industrial lending exists in Taiwan, determine the reasons for herding among these banks, and examine whether their herding...

By using a uniquely compiled dataset, this study first examines whether Chinese banks exhibit the inter-temporal loan herding in industrial lending during 2006-2011. We decompose the inter-temporal correlation in lending into the own following and other following. Our results find that the...

This study examines whether Taiwanese banks engage in loan herding. Our loan herding denotes industrial lending by a sufficient number of banks during each half-year period of 2002-2011. We calculate inter-temporal correlation between lending over two consecutive periods and decompose the...