Purpose – This study aims to investigate the existence of herding in the Athens Stock Exchange over the 1995-2010 period and examine its effects on market volatility. Design/methodology/approach – Herding is examined over portfolios formed on beta and size of the selected stocks. The...

Purpose – This study aims to investigate the existence of herding in the Athens Stock Exchange over the 1995-2010 period and examine its effects on market volatility. Design/methodology/approach -Herding is examined over portfolios formed on beta and size of the selected stocks. The detection...