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 …

financial crisis. Our empirical evidence shows that short selling restrictions exhibit either no in influence on herding … behavior or induce adverse herding. This implies a higher dispersion of returns around the market compared to rational asset …

This paper provides new evidence of herding in global equity markets. Using quantile regressions applied to daily data … for 33 countries, we investigate herding during the Eurozone crisis, China's market crash in 2015-2016, and in the … aftermath of the Brexit vote. We find significant evidence of herding behavior driven by negative tail market conditions for …

herding behavior of the stock markets from the top economies of the world (known as G20 countries). We classify stock market …

. The results, a negative measure of herding equal to -5%, imply that SWFs do not herd across industries. Indeed they tend …