Barucci, Emilio; Bianchi, Carlo; Passaponti, Angelica - In: Rivista di Politica Economica 95 (2005) 3, pp. 103-136
We evaluate the herding phenomenon among analysts who produce reports on stocks listed at the Italian stock exchange. We apply a methodology similar to that employed in Welch (2000) for the US stock market. We show that analysts recommendations are affected by the consensus among the analysts or...
