Investor mood, herding and the Ramadan effect

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Gavriilidis, Konstantinos; Kallinterakis, Vasileios; Tsalavoutas, Ioannis;

In view of evidence linking herding and social mood, we examine whether the positive mood documented during Ramadan translates into higher herding compared to non-Ramadan days. Drawing on a sample of seven majority Muslim countries, we report significant herding during ... View more
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