Results 121 to 130 of about 29,817 (231)

When Herding and Contrarianism Foster Market Efficiency: A Financial Trading Experiment [PDF]

open access: yes
While herding has long been suspected to play a role in financial market booms and busts, theoretical analyses have struggled to identify conclusive causes for the effect.
Andreas Park, Daniel Sgroi
core  

Transparency and International Investor Behavior [PDF]

open access: yes
Does country transparency affect international portfolio investment? We examine this and related questions using some new measures of transparency and a unique micro dataset on international portfolio holdings.
R. Gaston Gelos, Shang-Jin Wei
core  

Thy Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers [PDF]

open access: yes
A mutual-fund manager is more likely to hold (or buy, or sell) a particular stock in any quarter if other managers in the same city are holding (or buying, or selling) that same stock.
Harrison Hong   +2 more
core  

Why a simple herding model may generate the stylized facts of daily returns: Explanation and estimation [PDF]

open access: yes
The paper proposes an elementary agent-based asset pricing model that, invoking the two trader types of fundamentalists and chartists, comprises four features: (i) price determination by excess demand; (ii) a herding mechanism that gives rise to a ...
Franke, Reiner, Westerhoff, Frank
core  

Home - About - Disclaimer - Privacy