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Herd behaviour in buyout investments
16 references·2 citing·36 second hop
Herd behaviour in buyout investments (2019)Herd behaviour in buyout investmentsLeveraged Buyouts and Private Equity (2009)Leveraged Buyouts and Private…Downside Risk (2006)Downside RiskPrivate Equity Performance: Returns, Persistence, and Capital Flows (2005)Private Equity Performance: R…The risk and return of venture capital (2004)The risk and return of ventur…Money chasing deals? The impact of fund inflows on private equity valuations (2000)Money chasing deals? The impa…Mutual Fund Herding and the Impact on Stock Prices (1999)Mutual Fund Herding and the I…Career Concerns of Mutual Fund Managers (1999)Career Concerns of Mutual Fun…Career Concerns of Mutual Fund Managers (1998)Career Concerns of Mutual Fun…Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior (1995)Momentum Investment Strategie…The impact of institutional trading on stock prices (1992)The impact of institutional t…Sequential Sales, Learning, and Cascades (1992)Sequential Sales, Learning, a…A Simple Model of Herd Behavior (1992)A Simple Model of Herd Behavi…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …Portfolio Selection: Efficient Diversification of Investments. (1962)Portfolio Selection: Efficien…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Peer Effect in Merger and Acquisition Activities and Its Impact on Corporate Sustainable Development: Evidence from China (2022)Peer Effect in Merger and Acq…Herd Behavior in Venture Capital Market: Evidence from China (2021)Herd Behavior in Venture Capi…Essays in Positive Economics (1954)Does the Stock Market Overreact? (1985)Risk Taking by Mutual Funds as a Response to Incentives (1997)Investor Psychology and Asset Pricing (2001)The Geography of Investment: Informed Trading and Asset Prices (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)The General Theory of Employment, Interest and Money. (1936)Network externalities, competition, and compatibility (1985)Standardization, Compatibility, and Innovation (1985)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)Using Online Conversations to Study Word-of-Mouth Communication (2004)Bank Runs, Deposit Insurance, and Liquidity (1983)Herd Behavior and Investment (1988)An examination of herd behavior in equity markets: An international perspective (2000)Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? (2002)Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)The Financing of R&D and Innovation (2010)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)On Persistence in Mutual Fund Performance (1997)Institutional Investors and Equity Prices (2001)Asset Fire Sales (and Purchases) in Equity Markets (2005)How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)Rational herding in financial economics (1996)What Makes Investors Trade? (2001)On the Industry Concentration of Actively Managed Equity Mutual Funds (2005)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Multifactor Explanations of Asset Pricing Anomalies (1996)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)
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References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 1992A Simple Model of Herd Behavior6,511 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1962Portfolio Selection: Efficient Diversification of Investments.3,621 cited
  • 1992The impact of institutional trading on stock prices2,068 cited
  • 2005Private Equity Performance: Returns, Persistence, and Capital Flows1,951 cited
  • 1999Mutual Fund Herding and the Impact on Stock Prices1,730 cited
  • 1992Sequential Sales, Learning, and Cascades1,301 cited
  • 1995Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior1,177 cited
  • 2006Downside Risk1,039 cited
  • 2009Leveraged Buyouts and Private Equity1,036 cited
  • 2004The risk and return of venture capital909 cited
  • 2000Money chasing deals? The impact of fund inflows on private equity valuations876 cited
  • 1999Career Concerns of Mutual Fund Managers859 cited
  • 1998Career Concerns of Mutual Fund Managers

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Cited by

  • 2021Herd Behavior in Venture Capital Market: Evidence from China18 cited
  • 2022Peer Effect in Merger and Acquisition Activities and Its Impact on Corporate Sustainable Development: Evidence from China18 cited