Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices

Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks

Kent Daniel, Mark Grinblatt, Sheridan Titman et al. · The Journal of Finance · 1997 · 3.1K citations

Business, Finance, Financial Management +17

Herd Behavior and Investment

David Scharfstein, Jeremy C. Stein · American Economic Review · 1988 · 2.8K citations

Social Sciences, Economics, Agency Theory +14

The impact of institutional trading on stock prices

Josef Lakonishok, Andrei Shleifer, Robert W. Vishny · Journal of Financial Economics · 1992 · 2.1K citations · Full text

Business, Economics, Finance +13

Do Brokerage Analysts' Recommendations Have Investment Value?

Kent L. Womack · The Journal of Finance · 1996 · 1.8K citations

Social Sciences, Economics, Finance +17

A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades

Sushil Bikhchandani, David Hirshleifer, Ivo Welch · Journal of Political Economy · 1992 · 1.8K citations · Full text

Social Sciences, Psychology, Social Psychology +15