This article investigates the role of institutional investors in the Taiwanese equity markets in the resolution of noise trading, which we define as the deviation of a stock's price from its fundamental value within a trading day. We use a sample of stocks traded on the Taiwan Stock Exchange...

Most studies investigating the herding of financial analysts focused on the impact of analyst attributes on herding, while firm characteristics may also contribute significantly to herding. The primary objective of this study is to examine whether analyst recommendations prefer stocks with firm...