Market-wide Herding and the Impact of Institutional Investors in the Indian Capital Market

M.V. Lakshman, Sankarshan Basu and R. Vaidyanathan
Additional contact information
M.V. Lakshman: Lakshman M.V., Associate Professor, Administrative Staff College of India, Hyderabad, India.
Sankarshan Basu: Sankarshan Basu (corresponding author), Professor, Finance & Control, Indian Institute of Management, Bangalore, India. E-mail: sankarshanb@iimb.ernet.in
R. Vaidyanathan: R. Vaidyanathan, Professor, Finance & Control, Indian Institute of Management, Bangalore, India.

Journal of Emerging Market Finance, 2013, vol. 12, issue 2, 197-237

Abstract: The article tries to identify the presence of ‘market-wide herding’ in the Indian capital market and whether institutional investors impact such herding. In particular, the article looks at the impact of Foreign Institutional Investors flows as well as mutual funds on herding. The work also looks at the the impact of index return and volatility on herding. JEL Classification: G140, G180, C580, G120

Keywords: Herding; market return; market volatility; institutional investors; foreign institutional investors (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0972652713494046 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:emffin:v:12:y:2013:i:2:p:197-237

DOI: 10.1177/0972652713494046

Access Statistics for this article

More articles in Journal of Emerging Market Finance from Institute for Financial Management and Research
Bibliographic data for series maintained by SAGE Publications ().