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Privatization and popular Capitalism

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What drives the herding behavior of individual investors?

Merli, Maxime; Roger, Tristan - In: Finance : revue de l'Association Française de Finance 34 (2013) 3, pp. 67-104

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What Drives the Herding Behavior of Individual Investors?

Merli, Maxime - 2017

We introduce a new measure of herding that allows for tracking dynamics of individual herding. Using a database of over 8 million trades by 87,373 retail investors between 1999 and 2006, we show in an original way that individual herding is persistent over time and that past performance and the...

Persistent link: https://www.econbiz.de/10012975877