Chiang, Thomas C.; Zheng, Dazhi - In: Journal of Banking & Finance 34 (2010) 8, pp. 1911-1921
This paper examines herding behavior in global markets. By applying daily data for 18 countries from May 25, 1988, through April 24, 2009, we find evidence of herding in advanced stock markets (except the US) and in Asian markets. No evidence of herding is found in Latin American markets....
