Intentional herding in stock markets: an alternative approach in an international context

Blasco de las Heras, Natividad; Corredor Casado, María Pilar; Ferreruela Garcés, Sandra

Intentional herding in stock markets: an alternative approach in an international context

dc.contributor.author	Blasco de las Heras, Natividad
dc.contributor.author	Corredor Casado, María Pilar
dc.contributor.author	Ferreruela Garcés, Sandra
dc.contributor.department	Gestión de Empresas	es_ES
dc.contributor.department	Enpresen Kudeaketa	eu
dc.contributor.department	Institute for Advanced Research in Business and Economics - INARBE	en
dc.contributor.funder	Gobierno de Navarra / Nafarroako Gobernua
dc.date.accessioned	2025-06-18T09:53:52Z
dc.date.available	2025-06-18T09:53:52Z
dc.date.issued	2010
dc.date.updated	2025-06-18T09:44:26Z
dc.description.abstract	One of the issues of greatest concern in the world of finance is trying to understand how investors make decisions. The classic theoretical explanations are based on conditions of investor rationality and the perfection of markets, and the use of information available in the market as a decisive tool. In recent years the branch of behavioural finance has emerged strongly in the field to try to expand this vision of investor behaviour. Factors associated with the psychological and sociological behaviour of individuals have been introduced as significant elements that go some way to explain investor decisions. Thaler (1991) and Shefrin (2000), among others, have incorporated an emotional component into the classic models considering both visions as compatible and complementary. A survey of the history and contributions in this field of finance in recent years can be found in Sewell (2007).	en
dc.description.sponsorship	The authors wish to acknowledge the financial support of the Spanish Ministry of Education and Science (SEJ2006-C03-03/ECON), the Spanish Ministry of Science and Innovation (ECO2009-12819-C03-02), ERDF funds, the Caja de Ahorros de la Inmaculada (Europe XXI Programme) and the Government of Aragon. # The author is grateful for the financial support of the Spanish Ministry of Education and Science (SEJ2006-14809-C03), the Spanish Ministry of Science and Innovation (ECO2009-12819-C03-01), ERDF funds and the Government of Navarra.
dc.format.mimetype	application/pdf
dc.identifier.citation	Blasco, N., Corredor, P., Ferruela, S. (2010). Intentional herding in stock markets: an alternative approach in an international context. In Bruce B. (Ed.), Handbook of behavioral finance (pp. 103-121). Edward Elgar. https://doi.org/10.4337/9781849809108.00014.
dc.identifier.doi	10.4337/9781849809108.00014
dc.identifier.isbn	978-1-84844-651-9
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/54244
dc.language.iso	eng
dc.publisher	Edward Elgar
dc.relation.projectID	info:eu-repo/grantAgreement/MICINN//ECO2009-12819-C03-01/ES/
dc.relation.projectID	info:eu-repo/grantAgreement/MICINN//ECO2009-12819-C03-02/ES/
dc.relation.projectID	info:eu-repo/grantAgreement/MEC//SEJ2006-14809-C03-01/ES/
dc.relation.projectID	info:eu-repo/grantAgreement/MEC//SEJ2006-14809-C03-02/ES/
dc.relation.projectID	info:eu-repo/grantAgreement/MEC//SEJ2006-14809-C03-03/ES/
dc.relation.publisherversion	https://doi.org/10.4337/9781849809108.00014
dc.rights	It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License CC BY-NC-ND 4.0
dc.rights.accessRights	info:eu-repo/semantics/openAccess
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	Efficiency	en
dc.subject	Herd behaviour	en
dc.subject	Behavioural finance	en
dc.title	Intentional herding in stock markets: an alternative approach in an international context	en
dc.type	info:eu-repo/semantics/bookPart
dc.type.version	info:eu-repo/semantics/acceptedVersion
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