An Empirical Study of Herding Behavior of Mutual Funds in China

摘要：

We check herding behavior of Chinese mutual funds in this paper, and the results show:there exists significant herding behavior in stock markets of China, and buying effect and selling effect are basically equal; the herding behaviors on stocks with high involvement of funds are even more significant, and the buying effect of these stocks is weaker than selling effect, while the buying effect of stocks with less involvement of funds are stronger than selling effect; the herding behaviors on stocks with a large amount in circulation are most significant, and buying effect of these stocks is weaker than their selling effect, while buying effect of other stocks is stronger than their selling effect, the results on stocks with a small amount in circulation have no big difference with other stocks.

关键词： Herding Behavior Mutual Funds LSV Method

作者: CHU Ying QIN Ping

作者单位: School of Management,Huazhong University of Science & Technology,Wuhan,P.R.China,430074 Art Department,Hubei University of Education,Hubei,P.R.China,430205

会议类型: 国际会议

会议名称: 2008 International Conference of Management Science and Engineering(2008管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 3-9

在线出版日期: 2008-11-01（万方平台首次上网日期，不代表论文的发表时间）