The existence of investor herding behavior has been documented in many studies. In this study the causes and extent of investor herding behavior for DOW firms is analyzed for the years 2007 to 2011. Herding starts with influential investment initiators who attract early imitators, who in turn...

The presence of investor herding behavior for DOW firms is analyzed for the years 2005 to 2009 through an examination of trading volume. We examine whether herding investors behave in a way similar to the diffusion of new products into consumer and commercial markets. We hypothesize that herding...

Book-length and comparative study of ethnic economies, including the origins of the concept, size and prevalence of ethnic economies, class and ethnic resources, informal economy, and forms of disadvantage. Only chapters by Ivan Light are included

It is prevalent among investment analysts to use high trading volume as a positive selection condition. But the research findings in the finance literature are not clear on the predictive validity or even the direction of the impact of trading volume on future returns. One stream of research...