Institutional Traders' Behavior in an Emerging Stock Market: Empirical Evidence on Polish Pension Fund Investors

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Herding and information based trading (2009, background): “(1999), and Voronkova and Bohl (2005), we fail to observe strong evidence to support the hypothesis that herding is more prevalent in stocks with high or low past returns.”
Firm specific and macro herding by professional and amateur investors and their effects on market volatility (2011, background): “Wermers (1999) developed the Portfolio Change Measure (PCM) to correct for this.”
Investor mood, herding and the Ramadan effect (2016, background): “For more on this see Olivares (2008) and Voronkova & Bohl (2005). can foster herding among retail investors if it is used for observational learning purposes,8 while Hong et al., (2005) demonstrate that US fund managers located in the same city exhibit enhanced interaction which leads them to buy…”
Herding in the German Mutual Fund Industry (2006, unknown): “Wermers (1999) suggests synchronising data by extrapolating data of the funds not matching the main reporting cycles to the nearest reporting date of the main cycles.”