Herding behaviour in Spanish equity funds

Authors: Agudo, Luis Ferruz; Sarto, J. L.; Vicente, L.

Source: Applied Economics Letters, Volume 15, Number 7, June 2008 , pp. 573-576(4)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

We analyse the herding phenomenon in the management style of Spanish equity funds. Using the methodology of Lakonishok et al. (1992) and Sharpe's style analysis (1992), we find interesting conclusions in the investment behaviour of fund managers, a barely-explored aspect, especially in the Spanish market.

Document Type: Research article

DOI: http://dx.doi.org/10.1080/13504850600706974

Affiliations: 1: Department of Accounting and Finance, University of Zaragoza, Spain

Publication date: 2008-06-01

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