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Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are only loosely connected. This paper contributes towards closing this gap in the herding literature. We use numerical simulations of a herd model to derive new, theory-based...
Persistent link: https://www.econbiz.de/10010206126
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are only loosely connected. This paper attempts to close this gap in the herding literature. From a theoretical perspective, we use numerical simulations of a herd model to derive...
Persistent link: https://www.econbiz.de/10009777856
This paper sheds new light on the impact of information risk and market stress on herding of institutional traders from both, a theoretical and an empirical perspective. Using numerical simulations of a herd model, we show that buy and sell herding intensity should increase with information...
Persistent link: https://www.econbiz.de/10010343757
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are only loosely connected. This paper contributes towards closing this gap in the herding literature. We use numerical simulations of a herd model to derive new, theory-based...
Persistent link: https://www.econbiz.de/10010486709
The aim of this paper is to assess the impact of reforms introduced in the operation of Polish open pension funds on management style, risk exposure and related investment performance. The article analyzes the impact of the reformed regulations on the herd behavior of fund managers. In...
Persistent link: https://www.econbiz.de/10012422900
Persistent link: https://www.econbiz.de/10003000972
Während institutionelle Investoren in stetig wachsenden Finanzmärkten seit Jahren unaufhaltsam an Bedeutung gewinnen, ist die Vorgehensweise dieser Marktakteure - insbesondere die der einflussreichen Untergruppe der Fondsmanager - bislang relativ unerforscht. Um diese Lücke zu schließen,...
Persistent link: https://www.econbiz.de/10011402131
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Persistent link: https://www.econbiz.de/10002248416
Persistent link: https://www.econbiz.de/10001915271