Institutional industry herding

Nicole Choi, Richard W. Sias

Journal of Financial Economics 94 (2009) 469–491

Who herds?

Dan Bernhardt, Murillo Campello, Edward Kutsoati,2006.

Journal of Financial Economics 80,657–675

Disagreement, Portfolio Optimization, and Excess Volatility

Ran Duchin and Moshe Levy

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS Vol. 45, No. 3, June 2010, pp. 623–640

Financial Analyst Characteristics and Herding Behavior in Forecasting

MICHAEL B. CLEMENT and SENYO Y. TSE

THE JOURNAL OF FINANCE • VOL. LX, NO. 1 • FEBRUARY 2005

An empirical analysis of herd behavior in global stock markets

Thomas C. Chiang , Dazhi Zheng

LeBow College of Business, Drexel University, PA 19104, United States

Journal of Banking & Finance 34 (2010) 1911–1921