Gavriilidis, Konstantinos; Kallinterakis, Vasileios; … - In: Journal of International Financial Markets, … 26 (2013) C, pp. 192-214
This paper investigates the extent to which institutional herding at the industry level is motivated by intent. We assess intent using both market and sector states based on three variables (returns; volatility; volume), in order to gauge whether herding intent is more relevant to conditions...