Does mood affect institutional herding?

gdc.relation.journal Journal of Behavıoral and Experımental Fınance en_US
dc.contributor.author Gavriilidis, Konstantinos
dc.contributor.author Kallinterakis, Vasileios
dc.contributor.author Öztürkkal, Belma
dc.contributor.other International Trade and Finance
dc.contributor.other 03. Faculty of Economics, Administrative and Social Sciences
dc.contributor.other 01. Kadir Has University
dc.date.accessioned 2020-12-01T15:50:13Z
dc.date.available 2020-12-01T15:50:13Z
dc.date.issued 2020
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.uri https://hdl.handle.net/20.500.12469/3503
dc.identifier.uri https://doi.org/10.1016/j.jbef.2020.100290
dc.language.iso en en_US
dc.publisher Elsevier en_US
dc.relation.ispartof Journal of Behavioral and Experimental Finance
dc.rights info:eu-repo/semantics/openAccess en_US
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
dspace.entity.type Publication
gdc.author.institutional Öztürkkal, Belma en_US
gdc.author.institutional Öztürkkal, Ayşe Belma
gdc.bip.impulseclass C4
gdc.bip.influenceclass C5
gdc.bip.popularityclass C4
gdc.coar.access open access
gdc.coar.type text::journal::journal article
gdc.description.department Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü en_US
gdc.description.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
gdc.description.scopusquality Q1
gdc.description.startpage 100290
gdc.description.volume 26 en_US
gdc.identifier.openalex W3007148897
gdc.identifier.wos WOS:000541149600013 en_US
gdc.oaire.accesstype HYBRID
gdc.oaire.diamondjournal false
gdc.oaire.impulse 10.0
gdc.oaire.influence 2.9483034E-9
gdc.oaire.isgreen true
gdc.oaire.keywords 330
gdc.oaire.keywords Turkey
gdc.oaire.keywords Mood
gdc.oaire.keywords Fund managers
gdc.oaire.keywords Herding
gdc.oaire.popularity 1.2808626E-8
gdc.oaire.publicfunded false
gdc.oaire.sciencefields 0502 economics and business
gdc.oaire.sciencefields 05 social sciences
gdc.openalex.fwci 3.136
gdc.openalex.normalizedpercentile 1.0
gdc.openalex.toppercent TOP 1%
gdc.opencitations.count 12
gdc.plumx.crossrefcites 4
gdc.plumx.facebookshareslikecount 1
gdc.plumx.mendeley 59
gdc.plumx.scopuscites 11
gdc.scopus.citedcount 11
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