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This paper examines the propensity of firms to comove in investment decisions. Although stock return comovement and herding among investors received considerable attention in existing work, little is known about correlated investment behavior of firms. After controlling for the similarity of...
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, Thailand has one of the most dynamic capital markets. In order to see if some well-known trends in other markets exist in … Thailand the performance of value and growth stocks in the Thai market were analyzed for a period of 17 years using existing …. While there have been some clear efforts over recent years to modernize the stock market of Thailand, it remains relatively …
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The global success of the song, “Gangnam Style”, by the Korean rapper PSY in 2012, was an exogenous shock to investor enthusiasm for DI Corp., a Korean semiconductor manufacturer. Although DI Corp.'s business is not related to the entertainment industry, its co-CEO is the father of PSY....
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