Does fund manager herding vary over the business cycle?

Hung-Hsi Huang, Rern-Jay Hung, Ching-Ping Wang and Yuan-Pei Hsieh

Applied Economics Letters, 2010, vol. 17, issue 15, 1531-1535

Abstract: This article aims to explore whether business cycle has any bearing on herding by fund mangers. Using the sample of open-end mutual funds in Taiwan from January 2003 to February 2007, the main results are as follows. First, excluding the impact of business indicator, herd behaviours for balanced and growth fund managers are more significant than growth-income and aggressive-growth ones. Next, the business indicator has significantly negative influence on the herding for balanced and growth fund managers. Finally, without considering the impact of business indicator, there are no significant differences of the herding among various types of fund managers.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:17:y:2010:i:15:p:1531-1535

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850903035857

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().