Mutual fund herding and reputational concerns
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DOI: 10.1007/s12197-017-9405-y
Abstract: The article examines whether mutual fund managers’ career concerns contribute to their herding behavior. We find that mutual funds herd, on average, 71% more in down markets than in up markets. Furthermore, we find that… read more here.
Keywords: herd average; funds herd; mutual fund; performing funds ... See more keywords