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

초록

We examine the hypothesis of whether an, investor's decision, such as buying or selling a stocic in a given day or month, correlates with the decisions of his or her neighbors. Using the LW (1992) herding measure, we find that local offline investors show stronger herding than investors across the country. (C) 2016 Elsevier B.V. All rights reserved.

키워드