Herding and information based trading

By Rhea Zhou, Rose Neng Lai. 2009

179 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Safety Research

View Paper: https://www.semanticscholar.org/paper/b232eb703eee60ee272de43763cc9d688b53c3a4

How researchers see this paper

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

In Economics and Econometrics

1. T. C. Chiang
2. Dazhi Zheng
3. Shu-Fan Hsieh
4. Jiandong Li
5. Lin Tan
6. Edward F. Nelling
7. Tao Chen
8. Shih-Jia Lin

In Finance

1. T. C. Chiang
2. Dazhi Zheng
3. Jiandong Li
4. Lin Tan
5. Edward F. Nelling
6. Shu-Fan Hsieh
7. Tao Chen
8. Shih-Jia Lin

In Safety Research

1. Dazhi Zheng
2. T. C. Chiang
3. Shu-Fan Hsieh

Citations in the corpus

• Cross-country effects in herding behaviour: Evidence from four south European markets (2011, unknown): “Finally, Zhou and Lai (2009) used a likelihood based measure and intraday”
• Individual and institutional herding and the impact on stock returns: Evidence from Taiwan stock market (2013, result): “This evidence, considered in relation to the overall study findings, confirms the argument of Zhou and Lai (2009) that stocks with a higher probability of information trading display a higher level of herding.”
• An empirical analysis of herd behavior in global stock markets (2010, methodology): “By focusing on Hong Kong’s stocks, Zhou and Lai (2009) discover that herding activity in Hong Kong’s market tends to be more prevalent with small stocks and that investors are more likely to herd when selling rather than buying stocks.”
• Dynamic Herding Behavior in Pacific-Basin Markets: Evidence and Implications (2013, background): “Zhou and Lai (2009) focus on the Hong Kong equity market, and document that herding activity there tends to be more prevalent in small stocks.”
• Differences in herding: Individual vs. institutional investors (2017, unknown): “In the herding literature, some studies find that herding tends to be more prevalent in extreme market conditions (Christie and Huang, 1995; Zhou and Lai, 2009), while other studies suggest that herding is independent of market conditions (Hwang and Salmon, 2004). Chang et al. (2000) document mixed ”
• The Voice of Monetary Policy (2021, unknown): “, those who are better at reading—perhaps subconsciously—nonverbal communication at press conferences) move first and the initial momentum is then amplified by less informed investors, a mechanism explored in other contexts (e.g., Bikhchandani et al., 1992; Zhou and Lai, 2009).”