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This paper shows that market breadth, i.e. the difference between the average number of rising stocks and the average number of falling stocks within a portfolio, is a robust predictor of future stock returns on market and industry portfolios for 64 countries for the period between 1973 and...
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. The results, a negative measure of herding equal to -5%, imply that SWFs do not herd across industries. Indeed they tend …
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We study if government response to the novel coronavirus COVID-19 pandemic can mitigate investor herding behaviour in … are in order. First, results show evidence of investor herding in international stock markets. Second, we document that … the Oxford Government Response Stringency Index mitigates investor herding behaviour, by way of reducing multidimensional …
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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 …
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