Firm specific and macro herding by professional and amateur investors and their effects on market volatility

155 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The effects of national culture and behavioral pitfalls on investors' decision-making: Herding behavior in international stock markets ☆ (2015, background): “Venezia et al. (2011) reveal herding behavior for both amateur and professional investors and the tendency to herd among amateurs is higher as a result of their financial illiteracy and inexperience.”