on the cross sectional dispersion of trading volume to examine the herding behavior on Toronto stock exchange. Our … findings show that the herd phenomenon consists of three essential components: stationary herding which signals the existence … of the phenomenon whatever the market conditions, intentional herding relative to the anticipations of the investors …

on the cross sectional dispersion of trading volume to examine the herding behavior on Toronto stock exchange. Our … findings show that the herd phenomenon consists of three essential components: stationary herding which signals the existence … of the phenomenon whatever the market conditions, intentional herding relative to the anticipations of the investors …

adding trading volume variable and find significant evidence of herding in the Hong Kong stock market using daily data …. Specifically, higher trading volume induces more herding. Moreover, while proven as a long-lived phenomenon, herding cannot … generate positive market returns. On the other hand, positive market returns are the basis of herding. In addition, there is no …