This study examines herding behavior in the Pakistani Stock Market under different market conditions, focusing on the Ramadan effect and Crisis period by using data from 2004 to 2014. Two regression models of Christie and Huang (Financ Analysts J 51:31–37, 1995) and Chang et al., (J Bank...

This study presents the empirical evidence on the evolution of home bias in Dutch pension funds (PFs) asset allocation behaviour. Using a panel data of more than 600 Dutch PFs over the period 1992-2006, we observe a significantly diminishing home bias from 37% to 13% in portfolio choice...

In this paper we provide evidence that repudiates the popular belief that Dutch pension funds are long-term passive institutional traders; rather like active traders they trade about eight and half percent of their portfolio on monthly basis. Using a unique data sample, our results affirm...

Design/methodology/approach: This study uses data on all U.S. public firms over the period from 1990 to 2019. The authors mainly apply multivariate regression and a difference-in-difference approach to test their hypotheses.Purpose: The purpose of this study is to investigate how changes in the...