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Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation
16 references·16 citing·31 second hopsampled
Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation (1992)Herd on the Street: Informational Ineffic…Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1990)Positive Feedback Investment …Equilibrium Short Horizons of Investors and Firms (1990)Equilibrium Short Horizons of…Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1989)Positive Feedback Investment …Herd Behavior and Investment (1988)Herd Behavior and InvestmentCoordinating Coordination Failures in Keynesian Models (1988)Coordinating Coordination Fai…Informational Externalities and Welfare-Reducing Speculation (1987)Informational Externalities a…Managerial Incentives and Capital Management (1986)Managerial Incentives and Cap…Standardization, Compatibility, and Innovation (1985)Standardization, Compatibilit…Network externalities, competition, and compatibility (1985)Network externalities, compet…Multimarket Oligopoly: Strategic Substitutes and Complements (1985)Multimarket Oligopoly: Strate…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…On the Possibility of Speculation under Rational Expectations (1982)On the Possibility of Specula…Information Acquisition in a Noisy Rational Expectations Economy (1982)Information Acquisition in a …Bubbles, Rational Expectations and Financial Markets (1982)Bubbles, Rational Expectation…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…The General Theory of Employment, Interest and Money. (1936)The General Theory of Employm…Asset Management Contracts and Equilibrium Prices (2014)Asset Management Contracts an…Speculation and Hedging in Segmented Markets (2013)Speculation and Hedging in Se…Relative Wealth Concerns and Complementarities in Information Acquisition (2010)Relative Wealth Concerns and …Herding by foreign investors and emerging market equity returns: Evidence from Korea (2010)Herding by foreign investors …Firm specific and macro herding by professional and amateur investors and their effects on market volatility (2010)Firm specific and macro herdi…Does herding affect volatility? Implications for the Spanish stock market (2010)Does herding affect volatilit…Do fund managers herd to counter investor sentiment? (2010)Do fund managers herd to coun…Together we invest? Individual and institutional investors' trading behaviour in Poland (2009)Together we invest? Individua…The on-the-run liquidity phenomenon (2009)The on-the-run liquidity phen…Institutional ownership, volatility and dividends (2008)Institutional ownership, vola…Does culture influence asset managers’ views and behavior? (2008)Does culture influence asset …Imperfect Competition, Information Heterogeneity, and Financial Contagion (2006)Imperfect Competition, Inform…Investor herding during financial crisis: A clinical study of the Jakarta Stock Exchange (2003)Investor herding during finan…Investment patterns and performance of investor groups in Japan (2003)Investment patterns and perfo…News Events, Information Acquisition, and Serial Correlation (2002)News Events, Information Acqu…Short-Term Investment and the Informational Efficiency of the Market (1995)Short-Term Investment and the…The General Theory of Employment (1937)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The impact of institutional trading on stock prices (1992)The Limits of Arbitrage (1995)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)The monetary dynamics of hyperinflation (1956)Stock Prices and Social Dynamics (1984)Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices (2001)Differences of Opinion, Short-Sales Constraints, and Market Crashes (2003)Fees Versus Royalties and the Private Value of a Patent (1986)The O-Ring Theory of Economic Development (1993)General purpose technologies ‘Engines of growth’? (1995)Aggregate Demand Management in Search Equilibrium (1982)Moral Hazard in Teams (1982)The Financial Accelerator and the Flight to Quality (1996)Returns to Scale in U.S. Production: Estimates and Implications (1997)The General Theory of Employment, Interest and Money. (1936)Does the Stock Market Overreact? (1985)Investor Psychology and Asset Pricing (2001)Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (2001)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)Investor Psychology and Security Market Under‐ and Overreactions (1998)Competing Technologies, Increasing Returns, and Lock-In by Historical Events (1989)A Simple Model of Herd Behavior (1992)Dynamic capabilities and strategic management (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)Increasing Returns and Path Dependence in the Economy (1994)Political Parties and Macroeconomic Policy (1977)Dividend yields and expected stock returns (1988)Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework (2014)
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References

  • 1936The General Theory of Employment, Interest and Money.12,562 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1985Network externalities, competition, and compatibility6,093 cited
  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 1988Herd Behavior and Investment2,815 cited
  • 1985Standardization, Compatibility, and Innovation2,601 cited
  • 1985Multimarket Oligopoly: Strategic Substitutes and Complements2,526 cited
  • 1990Positive Feedback Investment Strategies and Destabilizing Rational Speculation2,197 cited
  • 1988Coordinating Coordination Failures in Keynesian Models1,668 cited
  • 1982Bubbles, Rational Expectations and Financial Markets1,130 cited
  • 1982On the Possibility of Speculation under Rational Expectations959 cited
  • 1989Positive Feedback Investment Strategies and Destabilizing Rational Speculation804 cited
  • 1986Managerial Incentives and Capital Management671 cited
  • 1982Information Acquisition in a Noisy Rational Expectations Economy639 cited
  • 1990Equilibrium Short Horizons of Investors and Firms541 cited
  • 1987

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Informational Externalities and Welfare-Reducing Speculation
433 cited

Cited by

  • 2010Does herding affect volatility? Implications for the Spanish stock market169 cited
  • 2010Firm specific and macro herding by professional and amateur investors and their effects on market volatility166 cited
  • 1995Short-Term Investment and the Informational Efficiency of the Market166 cited
  • 2003Investment patterns and performance of investor groups in Japan143 cited
  • 2010Do fund managers herd to counter investor sentiment?133 cited
  • 2006Imperfect Competition, Information Heterogeneity, and Financial Contagion133 cited
  • 2008Does culture influence asset managers’ views and behavior?131 cited
  • 2003Investor herding during financial crisis: A clinical study of the Jakarta Stock Exchange125 cited
  • 2013Speculation and Hedging in Segmented Markets124 cited
  • 2009The on-the-run liquidity phenomenon123 cited
  • 2008Institutional ownership, volatility and dividends122 cited
  • 2009Together we invest? Individual and institutional investors' trading behaviour in Poland115 cited
  • 2014Asset Management Contracts and Equilibrium Prices109 cited
  • 2002News Events, Information Acquisition, and Serial Correlation91 cited
  • 2010Herding by foreign investors and emerging market equity returns: Evidence from Korea89 cited
  • 2010Relative Wealth Concerns and Complementarities in Information Acquisition80 cited