Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices

By Nerissa C. Brown, Kelsey D. Wei, Russ Wermers. Management Sciences, 2014

338 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/dedcce08f1203b13f0668a961b8d87eaa64f8618

How researchers see this paper

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

In Accounting

1. Edward F. Nelling
2. Lin Tan
3. T. C. Chiang
4. Jiandong Li
5. James E. Mattingly

In Finance

1. T. C. Chiang
2. Jiandong Li
3. Lin Tan
4. Edward F. Nelling
5. Tao Chen

Citations in the corpus

• Dynamic Herding Behavior in Pacific-Basin Markets: Evidence and Implications (2013, background): “Brown, Wei, and Wermers (2012) examine herding by mutual funds and find that herding effects have become more pronounced over time, as mutual fund ownership of stocks has increased.”