Herding behavior

In this study, I argue that independent directors tend to follow a board leader. I theoretically analyze this behavior and show that under normal circumstances there is a tendency for board members to herd. Herding is inefficient because the information contained in the signals that directors¿ recei...

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Detalles Bibliográficos
Autor Principal: González, M.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: 2020
Acceso en línea:http://hdl.handle.net/1992/46761