Kallinterakis, Vasileios; Munir, Nomana; … - In: Journal of Emerging Market Finance 9 (2010) 3, pp. 305-324
A large amount of studies have attempted to trace the presence of herding during extreme periods at the cross-sectional level by associating herding with the reduction in the cross-sectional dispersion of returns around the market average. In this article we address the issue of whether the...