Browsing by Author "Mahmud, Syed F."
Authors:Tiniç, Murat; Iqbal, Muhammad Sabeeh; Mahmud, Syed F.
Publisher and Date:(Borsa İstanbul Anonim Şirketi, 2020)This paper examines the relationship between informed trading and herding in Borsa İstanbul. Our firm-level cross-sectional analysis asserts that informed trading can significantly increase future herding levels. Furthermore, we show that the relationship between informed trading and herding intensifies under short-selling restrictions. Our results confirm the predictions of the informational cascades framework where the individuals disregard their private information to follow others. We show ...