and chartists, comprises four features: (i) price determination by excess demand; (ii) a herding mechanism that gives rise …

idiosyncratic stocks. This sheds light on why herding is not detected in the prior studies as it may be concentrated among stocks … with certain characteristics. Further, it provides evidence of adverse herding …

Purpose: the paper aims at examining the existence of herding behaviour in two opposite market condition: bullish and … Egyptian market exhibits herding behaviour in general especially when the market is down, (b) the Egyptian market was found to … herding behaviour. Originality/value: The study contributes to the literature as (a) it extends studies of herding behaviour …

Exiting studies document that institutional herding has a stabilizing effect on stock prices, as stock returns over one …- to three-quarter horizons are positively correlated with herding. The literature also shows that short-term institutions … herding. Our results show that herding by short-term institutions promotes price discovery. In contrast, herding by long …

This paper first extends Sias (2004) to examine whether UK fund managers are engaged in herding behaviours in the stock … market, their reasons for herding, whether their herding behaviours are different during bullish and bearish periods and … whether or not their herding behaviours are informational. Our results demonstrate that UK fund managers' cascades primarily …

This study tried to document Herding Behavior in the stock market of Bangladesh following the investigation of Paulo … study used the Cross-Sectional Absolute Deviation (CSAD) to measure the Herding Behavior in the context of the Bangladesh … stock market. The findings of the study, suggest herding behavior does exist in our market. Results based on daily data …