In this paper, we build undirected weighted networks to study herding behavior among analysts and to analyze the characteristics and the structure of these networks. We then construct a new indicator based on the average degree of nodes and the average weighted clustering coefficient to research...

We theoretically and empirically explore the effect of disagreed voices (dissenters) in social media on mutual fund manipulation. We first build a simple theoretical model to show that the reception rate of unsophisticated investors on the information of dissenters is important for the mutual...