Is there significant evidence for relative herding towards the market portfolio and/or factors such as growth, size, value, past gainers and losers within the period November 1996 to March 2002?

• Main Authors: Garcia, Christina, Leoncio, Nicasio L., So, Reginald P., Yazon, Frederick Reginald A.
• Format: text
• Language: English
• Published: Animo Repository 2002
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/17260
• Institution: De La Salle University

This thesis is a direct application of Soosung Hwang and Mark Salmon's paper entitled "A NEW MEASURE OF HERDING AND EMPIRICAL EVIDENCE" to the Philippine setting. The framework is the first to be able to empirically distinguish between spurious and intentional herding which has been t...