Hsieh, Meng-Fen; Yang, Tzu-Yi; Yang, Yu-Tai - In: The International Journal of Business and Finance Research 4 (2010) 2, pp. 177-188
Many studies on mutual funds have demonstrated the existence of herding behavior and positive feedback trading. However, most research has not examined the characteristics of herding behavior, but simply attempted to determine if herding behavior exists. These studies fail to probe into the...