The influence of the social networks of fund managers on the herding behavior of SIFs in China

• Published in: Humanities & social sciences communications Vol. 10; no. 1; pp. 181 - 14
• Main Authors: Wang, Liang, Wang, Yuanfei, Li, Bixiao
• Format: Journal Article
• Language: English
• Published: London Palgrave Macmillan 01.12.2023; Springer Nature
• Subjects: Asymmetry; Behavior; Behavioral economics; Compensation; Decision making; Hypotheses; Insider trading; Investment advisors; Literature reviews; Reputation management; Social networks; Stocks; China

Abstract This paper explores the influence of fund managers’ social networks on the herding behavior of securities investment funds (SIFs) in China. Using the data of Chinese SIFs in recent years as a sample, it adopts the CSAD model to measure SIFs’ herding behavior. Combining indicators such as so...