Senarathne, Chamil W. - In: Journal of capital markets studies 3 (2019) 2, pp. 137-156
deviations (CSAD) methodology, covering a daily data sampling period of July 1990 to January 2019 from Kenneth R. French …-Data Library. CSAD driven by fundamental and non-fundamental information is assessed using Fama-French five-factor model. Findings … - The results do not provide evidence for herding under normal market conditions, either when reacting to fundamental …