Herding tendency among investors with heterogeneous information: Evidence from China’s equity markets
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Multinational Financial Management"
DOI: 10.1016/j.mulfin.2018.11.001
Abstract: We investigate herding behavior using daily data of 87 Chinese stocks cross-listed on the A- and B-markets between 1996–2012, and shed light on herding within and between groups of investors with heterogeneous information. In addition… read more here.
Keywords: information; investors heterogeneous; market liberalization; herding ... See more keywords
Heterogeneous Beliefs, Institutional Investors and Stock Returns – Evidence from China
Sign Up to like & getrecommendations! Published in 2017 at "Eurasia journal of mathematics, science and technology education"
DOI: 10.12973/ejmste/77928
Abstract: Using the turnover decomposition model, I extract unexpected trading volume from the institutional investors’ trading activity to measure the institutional investors’ heterogeneous beliefs and explore the explanatory power of that on stock returns. Portfolios built… read more here.
Keywords: institutional investors; investors heterogeneous; beliefs institutional; stock returns ... See more keywords