Although the 2022 cryptocurrency market crash prompted despair among investors, the rallying cry, "wagmi" (We're all gonna make it.) emerged among cryptocurrency enthusiasts in the aftermath. Did cryptocurrency enthusiasts respond to this crash differently compared to traditional investors?...

Using overlapped portfolio data on public equity funds in Korea, the authors construct several types of fund-stock weighted bipartite networks and measure fund network centrality. The authors also examine the relationship between network centrality and fund investment performance. The authors'...

Purpose This empirical study uses herd behavior model to explore the role of anchor investors in ensuring fundraising success and overfunding of crowdfunded ventures. Design/methodology/approach Qualitative comparative analysis (QCA) is applied to find the configurational patterns describing how...

This study explains the role of economic uncertainty as a bridge between business cycles and investors' herding behavior. Starting with a conventional stochastic differential equation representing the evolution of stock returns, we provide a simple theoretical model and empirically demonstrate...