Add to ORKGWe examine whether institutional investors follow each other into and out of the same industries. Our empirical results reveal strong evidence of institutional industry herding. The cross-sectional correlation between the fraction of institutional traders buying an industry this quarter and the fraction buying last quarter, for example, averages 40%. Additional tests suggest that correlated signals primarily drive institutional industry herding. Our results also provide empirical support for "style investing" models.Herding Institutional investors Style investing
[[abstract]]Using high frequency intraday data, this paper investigates the herding behavior of inst...
[[abstract]]Using high frequency intraday data, this paper investigates the herding behavior of inst...
This paper employs a new and comprehensive data set to investigate short-term herding behavior of in...
This study employs daily trading data to examine the herding behavior of institutional investors in ...
This paper investigates the extent to which institutional herding at the industry level is motivated...
This paper investigates the extent to which institutional herding at the industry level is motivated...
This paper investigates the extent to which institutional herding at the industry level is motivated...
This paper sheds new light on herding of institutional investors by using a unique and superior data...
This paper sheds new light on herding of institutional investors by using a unique and superior data...
This paper sheds new light on herding of institutional investors by using a unique and superior data...
Abstract: This paper examines intentional herding among institutional investors with a particular fo...
My dissertation consists of two essays related to institutional investors and financial statement an...
This paper investigates the extent to which institutional herding atthe industry level is motivated ...
In this paper we develop a simple theoretical model to analyze the impact of institu- tional herding...
This study examines whether mutual funds herd in industries and the extent to which such herding imp...
[[abstract]]Using high frequency intraday data, this paper investigates the herding behavior of inst...
[[abstract]]Using high frequency intraday data, this paper investigates the herding behavior of inst...
This paper employs a new and comprehensive data set to investigate short-term herding behavior of in...
This study employs daily trading data to examine the herding behavior of institutional investors in ...
This paper investigates the extent to which institutional herding at the industry level is motivated...
This paper investigates the extent to which institutional herding at the industry level is motivated...
This paper investigates the extent to which institutional herding at the industry level is motivated...
This paper sheds new light on herding of institutional investors by using a unique and superior data...
This paper sheds new light on herding of institutional investors by using a unique and superior data...
This paper sheds new light on herding of institutional investors by using a unique and superior data...
Abstract: This paper examines intentional herding among institutional investors with a particular fo...
My dissertation consists of two essays related to institutional investors and financial statement an...
This paper investigates the extent to which institutional herding atthe industry level is motivated ...
In this paper we develop a simple theoretical model to analyze the impact of institu- tional herding...
This study examines whether mutual funds herd in industries and the extent to which such herding imp...
[[abstract]]Using high frequency intraday data, this paper investigates the herding behavior of inst...
[[abstract]]Using high frequency intraday data, this paper investigates the herding behavior of inst...
This paper employs a new and comprehensive data set to investigate short-term herding behavior of in...