This study examines the existence of herding effects in the US REITs market, constructing a survivorship …-bias-free dataset of daily returns during the period January 2004-December 2009. Apart from documenting the existence of herding … emergence of herding behavior. Contrary to common belief, however, the recent financial crisis did not seem to contribute to …

This study jointly examines herding, momentum trading and performance in real estate mutual funds (REMFs). We do this … relatively more transparent, we find that stock herding by REMFs is lower in REIT stocks than other stock. Herding behavior in … distribution. Our results for this are consistent with our conjecture about of the role of transparency in herding, but provide no …

This study examines whether institutional investors exhibit herding behavior by property type inf real estate … investors following the trades of others. This herding occurs at the property-type level, and not at the individual firm level …. Although momentum trading explains a small amount of this herding, institutional property-type demand is more strongly …

The study examines herding behavior in Turkish REITs (T-REITs) by using daily closing prices over the period of July … 2007 to May 2016. To the best of our knowledge, this paper is the first study to solely examine the herding behavior in T …-REITs by utilizing Chang et al. (2000) methodology. For the three sub-periods, our results indicate herding behaviors, the …