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dc.contributor.authorTiniç, Murat
dc.contributor.authorIqbal, Muhammad Sabeeh
dc.contributor.authorMahmud, Syed F.
dc.date.accessioned2020-07-30T11:54:18Z
dc.date.available2020-07-30T11:54:18Z
dc.date.issued2020
dc.identifier.issn2214-8450
dc.identifier.urihttps://doi.org/10.1016/j.bir.2020.05.007en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/3094
dc.description.abstractThis 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 that information cascades are relevant both for buy-side herding and sell-side herding. Short-selling restrictions may reinforce the herding behaviour since informed investors may not be able to clear out potential price misalignments.en_US
dc.language.isoEnglishen_US
dc.publisherBorsa İstanbul Anonim Şirketien_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectHerdingen_US
dc.subjectInformational cascadesen_US
dc.subjectInformed tradingen_US
dc.subjectShort-selling restrictionsen_US
dc.titleInformation cascades, short-selling constraints, and herding in equity marketsen_US
dc.typeArticleen_US
dc.relation.journalBorsa Istanbul Reviewen_US
dc.identifier.doi10.1016/j.bir.2020.05.007en_US
dc.contributor.khasauthorTiniç, Muraten_US


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