This paper studies the herding behavior in managers' investment decision; Herding", specifically, is defined as … influenced greatly by this external benchmark - most of the case they would herd. This resulted herding behavior comes out under …

This paper studies the herding behavior in managers' investment decision; Herding, specifically is defined as managers … influenced greatly by this external benchmark - most of the case they would herd. This resulted herding behavior comes out under …

the price impact of herding is more noticeable for high risk, young, non-profitable, low tangibility, and distressed firms …This study investigates the role of financial market uncertainty in institutional herding and its impact on stock … prices. We show that financial market uncertainty is a determinant of institutional herding. Fund managers tend to follow the …

This paper combines the recent game theoretic approach of endogenous timing of entry to herding models with a … macroeconomic model of investment cycles. The integrated description embodies the qualitative results of the myopic herding model in … recent findings of the herding literature, the stabilization potential of third parties' information revelation is …

This paper provides a coherent method for scenario aggregation addressing model uncertainty. It is based on divergence … the definition of five fundamental criteria that serve as a basis for our method. Standard risk measures, such as value-at-risk … and expected shortfall, are shown to be robust with respect to minimum divergence scenario aggregation. Various examples …