Journal of Behavioral Economics and Finance
Online ISSN : 2185-3568
ISSN-L : 2185-3568
Proceedings, the 5th Annual Meeting
Herding Behavior in China Stock Market
Shengnan Liu
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JOURNAL FREE ACCESS

2011 Volume 4 Pages 116-120

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Abstract
This paper uses recent 6 years stock data, to measure the herd behavior of institutional investors and foreign investors in China Stock Market. Although we find little evidence of foreign investors' herding, we document higher level of institutional investors' herding. We also find that institutional investors' herding impacts prices to a greater extent than foreign investors' herding. Moreover, institutional investors seem to follow negative-feedback trading strategies.
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© 2011 Association of Behavioral Economics and Finance
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