This paper analyses herding behaviour in the Pakistan stockexchange (PSX, formerly known as Karachi stock exchange, KSE … of marketmovements. The absence of the herding behaviour may be because these firmsbelong to different sectors which may … primary datacollection method from investors about their opinion on herding behaviour …

-based predictions for how information risk and market stress influence aggregate herding intensity. We test these predictions … sell herding. The model also explains why buy, not sell, herding is more pronounced during the financial crisis. …

Using a multi-national dataset, we investigate the herding behaviour of financial analysts. Our results across a range … that are biased by anti-herding. Furthermore, the level of bias (i.e. anti-herding) seems to be systematically higher for … results show that increasing levels of investor protection and corporate governance mitigate the anti-herding behaviour …