Publication
Institutional industry herding: Intentional orspurious?
| dc.contributor.author | Gavriilidis, Konstantinos | |
| dc.contributor.author | Kallinterakis, Vasileios | |
| dc.contributor.author | Ferreira, Mário Pedro | |
| dc.date.accessioned | 2014-06-12T11:54:22Z | |
| dc.date.available | 2014-06-12T11:54:22Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | This paper investigates the extent to which institutional herding atthe industry level is motivated by intent. We assess intent usingboth market and sector states based on three variables (returns;volatility; volume), in order to gauge whether herding intent ismore relevant to conditions prevailing in a sector or the marketas a whole. Using a unique database of quarterly portfolio holdingsof Spanish funds, we produce evidence that institutional herdingin the Spanish market is intentional for most sectors, manifestingitself mainly during periods when the market as a whole or thespecific sector under examination has underperformed, generatedrising/high volatility and exhibited rising/high volume. | por |
| dc.description.version | info:eu-repo/semantics/acceptedVersion | |
| dc.identifier.citation | GAVRIILIDIS, Konstantinos; KALLINTERAKIS, VASILEIOS; FERREIRA, Mário Pedro - Institutional industry herding: Intentional orspurious?. Journal of International Financial Markets, Institutions and Money. ISSN 1042-4431. Vol. 26 (2013), p. 192–214 | por |
| dc.identifier.doi | 10.1016/j.intfin.2013.05.008 | |
| dc.identifier.eid | 84880381711 | |
| dc.identifier.issn | 1042-4431 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/14590 | |
| dc.identifier.wos | WOS:000324544300011 | |
| dc.language.iso | eng | por |
| dc.peerreviewed | yes | por |
| dc.publisher | Elsevier | por |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| dc.subject | Institutional investors | por |
| dc.subject | Industry herding | por |
| dc.subject | Intent | por |
| dc.subject | Spain | por |
| dc.title | Institutional industry herding: Intentional orspurious? | por |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 214 | |
| oaire.citation.startPage | 192 | |
| oaire.citation.title | Journal of International Financial Markets, Institutions and Money | |
| oaire.citation.volume | 26 | |
| person.familyName | Gavriilidis | |
| person.givenName | Konstantinos | |
| person.identifier.orcid | 0000-0001-9935-5431 | |
| person.identifier.scopus-author-id | 55797274000 | |
| rcaap.rights | openAccess | por |
| rcaap.type | article | por |
| relation.isAuthorOfPublication | 266125c2-faef-43fa-860b-c81b6a7fd63a | |
| relation.isAuthorOfPublication.latestForDiscovery | 266125c2-faef-43fa-860b-c81b6a7fd63a |