This paper studies the herding behavior in managers' investment decision; Herding", specifically, is defined as … influenced greatly by this external benchmark - most of the case they would herd. This resulted herding behavior comes out under …

This paper studies the herding behavior in managers' investment decision; Herding, specifically is defined as managers … influenced greatly by this external benchmark - most of the case they would herd. This resulted herding behavior comes out under …

the price impact of herding is more noticeable for high risk, young, non-profitable, low tangibility, and distressed firms …This study investigates the role of financial market uncertainty in institutional herding and its impact on stock … prices. We show that financial market uncertainty is a determinant of institutional herding. Fund managers tend to follow the …

form of financing decisions, in the presence of herding in the emerging markets of Brazil, Russia, India, China and South … and if so, if herding is present in these decisions. Our data spans the Top 80 listed firms in each respective country … significant in determining leverage financing decisions and that an increase in EPU leads to herding in such decisions. We find …

individuals' cognitive profiles to explain investors' herding behavior. Design/methodology/approach – The authors designed and …. Findings – Results confirm that a dependence relation exists between information, investors' behavioral biases and the herding … particularly relevant to explain herding propensity among investors. The findings indicate that the cognitive profile of investors …