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Herding Behavior among Institutional Investors in Tehran Stock Exchange

Gholamreza Keshavarz Haddad; Mohammad Rezaei

Volume 15, Issue 45 , February 2011, , Pages 103-137

Abstract
  this paper following Lakonishok (1992) and Sias (2004), we examine the presence of herding behavior among active institutional investors, test the presence of momentum strategy (as a determiner of herding behavior) and the correlation between herding behavior and weekly, monthly and quarterly stock return, ...  Read More