Browsing by Author "Kremer, Stephanie"

Now showing items 1-6 of 6

2012-05-22Buch

Correlated Trades and Herd Behavior in the Stock Market

Jurkatis, Simon; Kremer, Stephanie; Nautz, Dieter

Herd behavior is often viewed as a significant threat for the stability and effciency of financial markets. This paper sheds new light on the relevance of herd behavior for observed correlation of trades. We introduce ...
2013-08-07Buch

Herding in financial markets

Bridging the gap between theory and evidence

Boortz, Christopher; Jurkatis, Simon; Kremer, Stephanie; Nautz, Dieter

Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are only loosely connected. This paper attempts to close this gap in the herding literature. From a theoretical ...
2010-04-27Buch

Herding of Institutional Traders

Kremer, Stephanie

This paper sheds new light on herding of institutional investors by using a unique and superior database that identifies every transaction of financial institutions. First, the analysis reveals herding behavior of institutions. ...
2009-07-07Buch

Inflation and Growth

New Evidence From a Dynamic Panel Threshold Analysis

Kremer, Stephanie; Bick, Alexander; Nautz, Dieter

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period ...
2014-05-20Buch

Information Risk, MarketStress and InstitutionalHerding in FinancialMarkets

New EvidenceThrough the Lens of aSimulated Model

Boortz, Christopher; Kremer, Stephanie; Jurkatis, Simon; Nautz, Dieter

This paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory-based predictions for how information risk and market stress influence aggregate herding intensity. We test these ...
2011-03-10Buch

Short-Term Herding of Institutional Traders

New Evidence from the German Stock Market

Kremer, Stephanie; Nautz, Dieter

This paper employs a new and comprehensive data set to investigate short-term herding behavior of institutional investors. Using data of all transactions made by financial institutions in the German stock market, we show ...