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Published in 2018 at "Journal of Economics and Finance"
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…
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Keywords:
herd average;
funds herd;
mutual fund;
performing funds ... See more keywords