Studies have used ESG ratings to measure CSR; however, these ratings provide an overall measure that does not consider the capabilities of companies to fulfil social and environmental standards. We propose a cross-sectional regression to estimate inclusive ESG ratings in order to assess...

Financial literature has analyzed how previous trading decisions of some portfolio managers influence the subsequent trading of other peers. This paper contributes to the literature by proposing a new methodological approach to capture the time varying evolution of the leader-follower...

The aim of this article is to investigate the mutual fund market in India and verify whether or not the fund classification obtained from the name given to identify them corresponds to that which would be obtained were prior management to be taken into account. This industry has undergone...

This paper empirically examines herding behavior in the strategic style allocations of Spanish pension plan managers. The study uses both the standard metric used in financial literature to capture institutional herding and a new approach to address some shortcomings of this traditional measure....