Does mood affect institutional herding?

dc.contributor.author Gavriilidis, Konstantinos
dc.contributor.author Öztürkkal, Ayşe Belma
dc.contributor.author Kallinterakis, Vasileios
dc.contributor.author Öztürkkal, Belma
dc.contributor.other International Trade and Finance
dc.date.accessioned 2020-12-01T15:50:13Z
dc.date.available 2020-12-01T15:50:13Z
dc.date.issued 2020
dc.department Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü en_US
dc.description.abstract 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 institutional herding occasionally assumes the correct sign as per theoretical expectations, institutional herding is found to be insignificantly different across various mood states, thus denoting that mood does not impact the propensity of fund managers to herd. (C) 2020 Elsevier B.V. All rights reserved. en_US
dc.identifier.citationcount 8
dc.identifier.doi 10.1016/j.jbef.2020.100290 en_US
dc.identifier.issn 2214-6350 en_US
dc.identifier.issn 2214-6369 en_US
dc.identifier.issn 2214-6350
dc.identifier.issn 2214-6369
dc.identifier.scopus 2-s2.0-85080097017 en_US
dc.identifier.scopusquality Q1
dc.identifier.uri https://hdl.handle.net/20.500.12469/3503
dc.identifier.uri https://doi.org/10.1016/j.jbef.2020.100290
dc.identifier.volume 26 en_US
dc.identifier.wos WOS:000541149600013 en_US
dc.institutionauthor Öztürkkal, Belma en_US
dc.language.iso en en_US
dc.publisher Elsevier en_US
dc.relation.journal Journal of Behavıoral and Experımental Fınance en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 10
dc.subject Herding en_US
dc.subject Mood en_US
dc.subject Fund managers en_US
dc.subject Turkey en_US
dc.title Does mood affect institutional herding? en_US
dc.type Article en_US
dc.wos.citedbyCount 8
dspace.entity.type Publication
relation.isAuthorOfPublication 4305087b-4178-478d-8846-9b1a77e8bfbe
relation.isAuthorOfPublication.latestForDiscovery 4305087b-4178-478d-8846-9b1a77e8bfbe
relation.isOrgUnitOfPublication 16202dfd-a149-4884-98fb-ada5f8c12918
relation.isOrgUnitOfPublication.latestForDiscovery 16202dfd-a149-4884-98fb-ada5f8c12918

Files