Herd behavior and mutual fund performance
WitrynaHerd Behavior and Mutual Fund Performance 来自 EconPapers 喜欢 0. 阅读量： 33. 作者： A Koch. 展开 . 摘要： I develop fund-level measures of the similarity in trading of mutual fund managers, resulting in the identification of leaders, contemporaneously herding managers, and followers. I find evidence of a persistent group of ... WitrynaHerd Behavior and Mutual Fund Performance: Internet Appendix Andrew Koch April 26, 2016 Katz Graduate School of Business, University of Pittsburgh, …
Herd behavior and mutual fund performance
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WitrynaThe performance gap between herding and antiherding funds is persistent over various horizons and is more pronounced in periods of greater investment opportunities in the … Witrynamutual fund performance uncovers the role of herding behavior as a powerful tool to capture the distribution of skill among mutual fund managers. Second, we contribute …
Witrynadiscussion of herd behavior in the context of capital account liberalization. 2Externalities due to direct payoff or utility interactions (i.e., externalities by which an agent’s action … Witryna17 cze 2024 · Abstract. Purpose This paper aims to make an analysis of investment behaviour in mutual funds, by looking at different investment decision influencers and trying to identify the extent to which ...
Witryna6 paź 2016 · Abstract. I develop fund-level measures of the similarity in trading of mutual fund managers, resulting in the identification of leaders, contemporaneously herding managers, and followers. I find evidence of a persistent group of funds … WitrynaDoes Herding Behavior Reveal Skill? An Analysis of Mutual Fund Performance. Q3 hedge fund letters, conference, scoops etc. Hao Jiang and Michela Verardo; The …
WitrynaHerd Behavior and Mutual Fund Performance Andrew Koch November 6, 2015 Abstract I develop fund-level measures of the similarity in trading of mutual fund …
Witrynaof Mutual Fund Performance HAO JIANG and MICHELA VERARDO* ABSTRACT We uncover a negative relation between herding behavior and skill in the mutual fund industry. Our new, dynamic measure of fund-level herding captures the tendency of fund managers to follow the trades of the institutional crowd. We find that herd ing … phil duckworthWitrynaPágina inicial; FGV EAESP - Escola de Administração de Empresas de São Paulo; FGV EAESP - Centros de Estudos; FGV EAESP - GVcef - Centro de Estudos em Finanças phil duff assosWitrynaHerd Behavior and Mutual Fund Performance Andrew Koch∗ June 18, 2012 Abstract Mutual fund managers might herd because they obtain similar information or because of non-informational drivers such as agency problems or irrationality. I create a simple measure of herding that reflects the degree to which a manager changes her entire … phil duffy clinton maWitryna1 paź 2024 · The herding behaviour is investigated by examining the dispersion of time varying beta of UK open-end and closed-end funds. The study finds evidence of fund … phil dufour obituaryWitryna7 sty 2024 · We uncover a negative relation between herding behavior and skill in the mutual fund industry. Our new, dynamic measure of fund-level herding captures the … phil duff morgan stanleyWitrynaThis paper investigates how the tendency of mutual fund managers to follow aggregate institutional trades, which we term "imitative herding," relates to their future … phil dudley calendar native americanWitrynaThe portfolio holdings of 268 U.K. equity mutual funds are employed to test the accuracy of the Lakonishok, Shleifer, and Vishny (1992) measure of herding and test for … phil duffy gov.uk