This study investigates in the context of the Euronext, whether joining an exchange group affects herding in the group's member-markets and if this effect persists when accounting for various domestic and international market states, the dynamics of the group's member-markets and the outbreak of...

This paper investigates herding behavior in the Athens Stock Exchange focusing on the recent crisis period. To this end we employ a survivor bias free dataset of all listed stocks from 2007 to May 2015. We apply the cross sectional dispersion approach and provide results that extend and are...

This study examines the existence of herding effects in the US REITs market, constructing a survivorship-bias-free dataset of daily returns during the period January 2004-December 2009. Apart from documenting the existence of herding behavior by conducting comprehensive tests, we also explore...

This paper provides new evidence on herding behavior. We use a five-year period and daily data for 336 listed firms from the US capital market putting under the microscope three important elements of financial herding behavior. First, trading volume, representing market interest, as a...