Lavin, Jaime F.; Magner, Nicolás S. - In: Academia Revista Latinoamericana de Administración 27 (2014) 1, pp. 10-29
Purpose The purpose of this paper is to identify elements of intentional herd behavior (HB), differentiating it from spurious, or unintentional HB. Design/methodology/approach Using a panel of 50 stocks belonging to 18 Chilean equity mutual funds between December 2002 and October 2009, with...