and show that under normal circumstances there is a tendency for board members to herd. Herding is inefficient because the … information contained in the signals that directors’ receive is not aggregated and therefore it is wasted. Herding may be one of …

will make herding more significant over the Internet, resulting in a greater concentration of online traffic; (2) the first …

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … their marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically …

We analyze in this study cause of herding in a stock market. Information cascades have often been considered as a … including an alternative theory based on search cost of investors, in addition to the information cascade argument. Specifically …, previous works used data with daily or lower frequency based on a herding measure of Lakonishok, Shleifer, and Vishny (1992 …

incentives for herding behavior. This is a prediction of a mean-variance portfolio optimization model with imperfect information …

experts are risk-averse then the prevention of herding is costly …