Does mood affect institutional herding?

dc.contributor.authorGavriilidis, Konstantinos
dc.contributor.authorKallinterakis, Vasileios
dc.contributor.authorÖztürkkal, Belma
dc.date.accessioned2020-12-01T15:50:13Z
dc.date.available2020-12-01T15:50:13Z
dc.date.issued2020
dc.departmentFakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümüen_US
dc.description.abstractDrawing on a unique data set of daily portfolio holdings for Turkish mutual funds we investigate the relationship between mood and institutional herding on the premises of various established mood proxies (weekend effect; holiday effect; Ramadan; sunshine). Results indicate that fund managers in Turkey herd significantly, with their herding growing in magnitude as the number of active funds per stock rises and appearing stronger on the buy-than the sell-side. Although the relationship of mood with institutional herding occasionally assumes the correct sign as per theoretical expectations, institutional herding is found to be insignificantly different across various mood states, thus denoting that mood does not impact the propensity of fund managers to herd. (C) 2020 Elsevier B.V. All rights reserved.en_US
dc.identifier.citation8
dc.identifier.doi10.1016/j.jbef.2020.100290en_US
dc.identifier.issn2214-6350en_US
dc.identifier.issn2214-6369en_US
dc.identifier.issn2214-6350
dc.identifier.issn2214-6369
dc.identifier.scopus2-s2.0-85080097017en_US
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://hdl.handle.net/20.500.12469/3503
dc.identifier.urihttps://doi.org/10.1016/j.jbef.2020.100290
dc.identifier.volume26en_US
dc.identifier.wosWOS:000541149600013en_US
dc.identifier.wosqualityN/A
dc.institutionauthorÖztürkkal, Belmaen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.journalJournal of Behavıoral and Experımental Fınanceen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectHerdingen_US
dc.subjectMooden_US
dc.subjectFund managersen_US
dc.subjectTurkeyen_US
dc.titleDoes mood affect institutional herding?en_US
dc.typeArticleen_US
dspace.entity.typePublication

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