financial crisis. Our empirical evidence shows that short selling restrictions exhibit either no in influence on herding … behavior or induce adverse herding. This implies a higher dispersion of returns around the market compared to rational asset …

This paper analyzes the trading activity of Taiwanese open-end equity mutual fund herding behaviour over the period of … 1996 to 2008. We employ the herding measure suggested by Wermers (1999) and find strong evidence of both directional and … directionless herding activities, and also of positive feedback trading by mutual fund managers in Taiwan. Our results show a …

influence, namely herding and individual social interaction. Herding behaviour is well known and has already been intensively … herding is dominant, the influence from individual social interaction plays a considerable role for the aggregated outcome of …

We analyze herding behavior in the Chinese stock markets in the context of the COVID-19 pandemic using the cross …-sectional absolute deviation (CSAD) model proposed by Chang et al. (2000) to detect herding behavior in the time period between January … (SHSE) and Shenzhen Stock Exchange (SZSE) in China. We report the presence of herding behavior during the period under study …

This paper investigates herding behavior and the connection between herding behavior and investor sentiment. We apply a … Cross-Sectional Absolute Deviation (CSAD) approach and the quantile regression method to capture herding behavior in the … KOSPI and KOSDAQ stock markets. The analysis results are outlined as follows. First, we find that herding behavior is …