Browsing by Author "Gavriilidis, Konstantinos"
Authors:Gavriilidis, Konstantinos; Kallinterakis, Vasileios; Öztürkkal, Belma
Publisher and Date:(Elsevier, 2020)Drawing 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 ...