Herding in financial markets: a review of the literature Available to Purchase

– The purpose of this paper is to provide a review of theory and empirical evidence on herding behavior in financial markets.

– Review and discussion of the literature.

– More than two decades of empirical and theoretical research have provided a significant insight on investor herding behavior.

– The discussion indicates that there are still open issues and areas with inconclusive evidence, e.g. the author knows relatively little for markets other than equity markets.

– The paper may need empirical methodologies to evaluate herding that address current limitations.

– The paper reviews recent empirical evidence and identifies open issues for future research.