Do mutual funds herd Evidence from China

DOI

10.2991/ssemse-15.2015.611How to use a DOI?

Keywords

Mutual Fund; Herding Behavior; LSV; FHW

Abstract

Using the data of all quarterly transactions made by mutual funds in Chinese stock market, this paper investigates Chinese mutual fund herding behavior by applying LSV and FHW measures. We find higher herding levels in Chinese stock market compared to developed ones, and it is periodic and especially high in the second quarter. We also find that herding being more intense among small medium companies and when the market is under stress. We provide some suggestions on how to reduce herding behaviors based on empirical results.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yu Tao
AU  - Yin Liu
AU  - Long Peng
PY  - 2015/11
DA  - 2015/11
TI  - Do mutual funds herd Evidence from China
BT  - Proceedings of the 2015 International Conference on Social Science, Education Management and Sports Education
PB  - Atlantis Press
SP  - 2405
EP  - 2408
SN  - 2352-5398
UR  - https://doi.org/10.2991/ssemse-15.2015.611
DO  - 10.2991/ssemse-15.2015.611
ID  - Tao2015/11
ER  -