bigger herds of funds selling. Our most important finding is that mutual fund herding impacts stock prices to a much larger … recommendation revisions. An investment strategy that accounts for the direction of both analyst revisions and mutual fund herding … results remain robust when we condition fund herding on analyst earnings forecast revisions instead of recommendation …

bias and herding in their stock recommendations occur due to incentives provided by relative performance evaluation and top …

important implications for market efficiency. Identifying any contributing factor(s) for financial analyst herding behavior can … association is found between firm-specific intangible asset intensity and financial analyst herding behavior. Our findings …