Lu, Yang-Cheng; Wong, Jehn-Yih; Fang, Hao - In: The International Journal of Business and Finance Research 3 (2009) 2, pp. 147-167
This study extends the herding measures proposed by Warmers (1999), Lakonishok, Shleifer and Vishny (1992) and Borensztein and Gaston (2003) for stocks overbought and oversold by institutional investors as well as the information content related to institutional herding proposed by Nofsinger and...