Herding among local individual investors: Evidence from online and offline trading

Sujung Choi

Economics Letters, 2016, vol. 144, issue C, 4-6

Abstract: We examine the hypothesis of whether an investor’s decision, such as buying or selling a stock in a given day or month, correlates with the decisions of his or her neighbors. Using the LSV (1992) herding measure, we find that local offline investors show stronger herding than investors across the country.

Keywords: Local herding; Individual investors; Online versus offline trading (search for similar items in EconPapers)
JEL-codes: G11 G14 G15 G19 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176516301409
Full text for ScienceDirect subscribers only

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:eee:ecolet:v:144:y:2016:i:c:p:4-6

DOI: 10.1016/j.econlet.2016.04.030

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().