Two Essays on Mutual Fund Herding
This dissertation consists of two chapters. First chapter examines whether herding by actively managed equity funds affects their performance. For this purpose, first the effect of herding on stock returns is reexamined and evidence is found that, during the herding quarter, stocks bought intensely...
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Virginia Tech
2014
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| Online Access: | http://hdl.handle.net/10919/27663 http://scholar.lib.vt.edu/theses/available/etd-05112011-141521/ |