controversial players in global financial markets. SWFs are government owned financial vehicles deriving their wealth from oil …-2010 and involving 29 out of the 52 existing SWFs, this paper assesses whether SWFs herd in equity markets across industries …. The results, a negative measure of herding equal to -5%, imply that SWFs do not herd across industries. Indeed they tend …

notion of' 'spurious' herding proposed by Bikhchandani and Sharma (2001) for bond markets. Further tests reinforce this … herding was a key factor for the financial turmoil and the soaring yield spreads. In this paper we test for evidence of herd … behavior in European government bond prices and, overall, we find no evidence of investor herding either before or after the EU …

This paper provides new evidence of herding in global equity markets. Using quantile regressions applied to daily data … for 33 countries, we investigate herding during the Eurozone crisis, China's market crash in 2015-2016, and in the … aftermath of the Brexit vote. We find significant evidence of herding behavior driven by negative tail market conditions for …

In this study, we test for the presence of investor herding behavior in the Tunisian stock market. Further, we explore … the explanatory factors of the occurrence of the probability of stock market booms and busts by combining herding behavior … of investors and economic and financial fundamentals. We find that investors exhibit different levels of herding behavior …

herding behavior and market risk. Moreover, speculators' orders depend on price trends, market misalignments and fundamental … news. Using a mix of analytical and numerical tools, we show that a herding-induced market entry wave may amplify excess …