Many studies on mutual funds have demonstrated the existence of herding behavior and positive feedback trading. However …, most research has not examined the characteristics of herding behavior, but simply attempted to determine if herding … behavior exists. These studies fail to probe into the actual causes behind herding behavior. The current study fills this gap …

withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …

herding. The model’s original version suffers from the problem of N-dependence: its ability to replicate the statistical … agents. -- herding ; financial markets ; networks ; N-dependence ; systemic risk …

withdrew money one month prior to the events. The degree of herding among funds is statistically significant, but moderate …. Herding is more widespread among open-ended funds than among closed-end funds, but not more prevalent during crises than …