Employing static/dynamic models that capture herding under different market regimes, we provide novel evidence on the … herding behaviour of UK-listed Real Estate Investment Trusts (REITs). Our sample is extensive and covers the period from 30 …/6/2004 to 5/4/2016. Estimates of herding behaviour are derived using a Markov regime switching model. The analysis suggests the …

The aim of this study is to understand the effect of the recent novel coronavirus pandemic on investor herding behavior … diseases, we examine the association between pandemic-induced market uncertainty and herding behavior in a set of 49 global … models. Utilizing a time-varying variation of the static herding model, we first identify periods during which herding is …

This paper examines intentional herding among institutional investors with a particular focus on the technology sector … technology stockholdings of 115 large institutional investors, we test the presence of herding by examining linear dependence and … herding, we use Geweke (1982) type causality tests that allow us to disentangle spurious herding from intentional herding via …

The study examines herding behavior in Turkish REITs (T-REITs) by using daily closing prices over the period of July … 2007 to May 2016. To the best of our knowledge, this paper is the first study to solely examine the herding behavior in T …-REITs by utilizing Chang et al. (2000) methodology. For the three sub-periods, our results indicate herding behaviors, the …