Can agents sensitive to cultural, organizational and environmental issues avoid herding?

Blasco de las Heras, Natividad (Universidad de Zaragoza) ; Corredor Casado, Pilar ; Ferreruela Garcés, Sandra (Universidad de Zaragoza)

Resumen: Our findings indicate that herding behavior is affected not only by the cultural variables already discussed in the literature but also by other variables associated with organizational and environmental issues such as governance, technology, education and training, business style and conditions, and the development of equity and non-equity markets. Some of these act as catalysts, for example governance and technology. Others may have a corrective effect, such as the development of financial markets, business style, and education and training. If corrective factors are sufficiently developed, intentional herding practices could be reduced in the future.

Idioma: Inglés

DOI: 10.1016/j.frl.2017.01.006

Año: 2017

Publicado en: Finance Research Letters 22 (2017), 114-121
ISSN: 1544-6123

Factor impacto JCR: 1.085 (2017)

Categ. JCR: BUSINESS, FINANCE rank: 59 / 98 = 0.602 (2017) - Q3 - T2

Factor impacto SCIMAGO: 0.565 - Finance (Q2)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S14-2
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45568-R
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2016-77631-R

Tipo y forma: Artículo (PostPrint)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)