메뉴 건너뛰기




Volumn 54, Issue 2, 1999, Pages 581-622

Mutual fund herding and the impact on stock prices

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0006818286     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/0022-1082.00118     Document Type: Article
Times cited : (1005)

References (30)
  • 1
    • 27744568768 scopus 로고
    • A theory of fads, fashion, custom, and cultural change as informational cascades
    • Bikhchandani, Sushil, David Hirshleifer, and Ivo Welch, 1992, A theory of fads, fashion, custom, and cultural change as informational cascades, Journal of Political Economy 100, 992-1026.
    • (1992) Journal of Political Economy , vol.100 , pp. 992-1026
    • Bikhchandani, S.1    Hirshleifer, D.2    Welch, I.3
  • 2
    • 0002624840 scopus 로고    scopus 로고
    • On persistence in mutual fund performance
    • Carhart, Mark, 1997, On persistence in mutual fund performance, Journal of Finance 52, 57-82.
    • (1997) Journal of Finance , vol.52 , pp. 57-82
    • Carhart, M.1
  • 4
    • 0039561990 scopus 로고    scopus 로고
    • Measuring mutual fund performance with characteristic-based benchmarks
    • Daniel, Kent, Mark Grinblatt, Sheridan Titman, and Russ Wermers, 1997, Measuring mutual fund performance with characteristic-based benchmarks, Journal of Finance 52, 1035-1058.
    • (1997) Journal of Finance , vol.52 , pp. 1035-1058
    • Daniel, K.1    Grinblatt, M.2    Titman, S.3    Wermers, R.4
  • 5
    • 0011183797 scopus 로고    scopus 로고
    • Preferences for stock characteristics as revealed by mutual fund portfolio holdings
    • Falkenstein, Eric G., 1996, Preferences for stock characteristics as revealed by mutual fund portfolio holdings, Journal of Finance 51, 111-135.
    • (1996) Journal of Finance , vol.51 , pp. 111-135
    • Falkenstein, E.G.1
  • 7
    • 84977717550 scopus 로고
    • Herd on the street: Informational inefficiencies in a market with short-term speculation
    • Froot, Kenneth A., David S. Scharfstein, and Jeremy C. Stein, 1992, Herd on the street: Informational inefficiencies in a market with short-term speculation, Journal of Finance 47, 1461-1484.
    • (1992) Journal of Finance , vol.47 , pp. 1461-1484
    • Froot, K.A.1    Scharfstein, D.S.2    Stein, J.C.3
  • 8
    • 0040531752 scopus 로고    scopus 로고
    • Herding among investment newsletters: Theory and evidence
    • forthcoming
    • Graham, John R., 1999, Herding among investment newsletters: Theory and evidence, Journal of Finance, forthcoming.
    • (1999) Journal of Finance
    • Graham, J.R.1
  • 10
    • 0001264756 scopus 로고
    • Mutual fund performance: An analysis of quarterly portfolio holdings
    • Grinblatt, Mark, and Sheridan Titman, 1989, Mutual fund performance: An analysis of quarterly portfolio holdings, Journal of Business 62, 394-415.
    • (1989) Journal of Business , vol.62 , pp. 394-415
    • Grinblatt, M.1    Titman, S.2
  • 11
    • 0000741932 scopus 로고
    • Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior
    • Grinblatt, Mark, Sheridan Titman, and Russ Wermers, 1995, Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior, American Economic Review 85, 1088-1105.
    • (1995) American Economic Review , vol.85 , pp. 1088-1105
    • Grinblatt, M.1    Titman, S.2    Wermers, R.3
  • 12
    • 84993660281 scopus 로고
    • Security analysis and trading patterns when some investors receive information before others
    • Hirshleifer, David, Avanidhar Subrahmanyam, and Sheridan Titman, 1994, Security analysis and trading patterns when some investors receive information before others, Journal of Finance 49, 1665-1698.
    • (1994) Journal of Finance , vol.49 , pp. 1665-1698
    • Hirshleifer, D.1    Subrahmanyam, A.2    Titman, S.3
  • 13
    • 0010215571 scopus 로고
    • Washington, D.C.
    • Investment Company Institute, 1994, Mutual Fund Fact Book (Washington, D.C.).
    • (1994) Mutual Fund Fact Book
  • 14
    • 0040520589 scopus 로고
    • The impact and efficiency of institutional net trading imbalances
    • Klemkosky, Robert C., 1977, The impact and efficiency of institutional net trading imbalances, Journal of Finance 32, 79-86.
    • (1977) Journal of Finance , vol.32 , pp. 79-86
    • Klemkosky, R.C.1
  • 18
    • 84944838051 scopus 로고
    • Volume for winners and losers: Taxation and other motives for stock trading
    • Lakonishok, Josef, and Seymour Smidt, 1986, Volume for winners and losers: Taxation and other motives for stock trading, Journal of Finance 41, 951-974.
    • (1986) Journal of Finance , vol.41 , pp. 951-974
    • Lakonishok, J.1    Smidt, S.2
  • 22
    • 0003149182 scopus 로고
    • The challenge of institutionalization for the equity markets
    • Anthony Saunders, ed.: Business One Irwin, Homewood, Ill.
    • Schwartz, Robert A., and James E. Shapiro, 1992, The challenge of institutionalization for the equity markets; in Anthony Saunders, ed.: Recent Developments in Finance (Business One Irwin, Homewood, Ill.).
    • (1992) Recent Developments in Finance
    • Schwartz, R.A.1    Shapiro, J.E.2
  • 23
    • 85033973808 scopus 로고
    • The significance of the growth of institutional investing
    • Jean E. Tobin, ed.: New York Stock Exchange, Inc., New York, N.Y.
    • Shiller, Robert J., 1991, The significance of the growth of institutional investing; in Jean E. Tobin, ed.: Institutional Investor Fact Book (New York Stock Exchange, Inc., New York, N.Y.).
    • (1991) Institutional Investor Fact Book
    • Shiller, R.J.1
  • 24
    • 0031256715 scopus 로고    scopus 로고
    • Return autocorrelation and institutional investors
    • Sias, Richard W., and Laura T. Starks, 1997, Return autocorrelation and institutional investors, Journal of Financial Economics 46, 103-131.
    • (1997) Journal of Financial Economics , vol.46 , pp. 103-131
    • Sias, R.W.1    Starks, L.T.2
  • 26
    • 4844228063 scopus 로고
    • Analyst forecasts and herding behavior
    • Trueman, Brett, 1994, Analyst forecasts and herding behavior, The Review of Financial Studies 7, 97-124.
    • (1994) The Review of Financial Studies , vol.7 , pp. 97-124
    • Trueman, B.1
  • 27
    • 0001273817 scopus 로고
    • Aggregate mutual fund flows and security returns
    • Warther, Vincent A., 1995, Aggregate mutual fund flows and security returns, Journal of Financial Economics 39, 209-235.
    • (1995) Journal of Financial Economics , vol.39 , pp. 209-235
    • Warther, V.A.1
  • 28
    • 0039447275 scopus 로고    scopus 로고
    • Working paper, University of California, Los Angeles
    • Welch, Ivo, 1996, Herding among security analysts, Working paper, University of California, Los Angeles.
    • (1996) Herding among Security Analysts
    • Welch, I.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.