Market-Wide Herding and The Impact of Institutional Investors in the Indian Capital Market

41 Pages Posted: 1 Aug 2012

See all articles by S. Basu

S. Basu

Indian Institute of Management (IIMB), Bangalore

Lakshman Vijay Muddu

Indian Institute of Management (IIMB), Bangalore

R. Vaidyanathan

Indian Institute of Management (IIMB), Bangalore

Date Written: December 30, 2011

Abstract

The paper tries to identify the presence of ‘market-wide herding’ in the Indian capital market and whether Institutional Investors impact such Herding. In particular, the paper looks at the impact of FII Flows as well as mutual funds on herding. The work also looks at the impact of index return and volatility on herding.

Suggested Citation

Basu, S. and Muddu, Lakshman Vijay and Vaidyanathan, Ramamurthy, Market-Wide Herding and The Impact of Institutional Investors in the Indian Capital Market (December 30, 2011). IIM Bangalore Research Paper No. 327, Available at SSRN: https://ssrn.com/abstract=2121281 or http://dx.doi.org/10.2139/ssrn.2121281

S. Basu (Contact Author)

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Lakshman Vijay Muddu

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Ramamurthy Vaidyanathan

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, 560076
India

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