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...

Emerging markets as represented by BRIC (Brazil, Russia, India and China) countries signify an enormous growth opportunity and a "must win" market for MNCs (multinational companies). It is estimated that by 2013, the middle class in BRIC countries will be larger than the population of Western...

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...

It is popular among technical analysts to use high trading volume as a positive selection or filter criteria. Yet the finding in the finance literature are not clear on the predictive validity or even the direction of the impact of trading volume on stock returns. One stream of finance research...

Research on the internal algorithms used to model business simulations have focused on individual components of the business system. Yet the business environment is complex in nature, characterized by interdependencies and nonlinear relationships that require a systems approach if effective game...