羊群效应

市场系统性风险结构和羊群效应本身是有内在联系的。

There has been a relation between the herd effect and systematic structure .

投资基金羊群效应分析

The Herd Effect in Investment Funds

经济行为的另一个具有深厚进化论根基的例子，就是引起金融泡沫的“羊群效应”。

Another example of economic behaviour that may have deep evolutionary roots is the " herd " mentality that contributes to financial bubbles .

基于Malmquist指数的中国股市羊群效应测度研究

Study on Measuring Herd Behavior in China Stock Market Based on Malmquist Index

同时，作者尝试用时机选择理论、羊群效应理论和托宾Q理论来解释牛熊市长期并购绩效的差异，发现托宾Q理论能够更好地解释这一现象。

At the same time , the author tries to apply timing theory , managerial herding theory and Tobin ' Q theory in explaining the long-term performance of M & A under different market status .

本文通过投资强度聚合模型计算了中国投资基金自2001年第二季度到2007年第4季度共27个季度区间内度量投资基金行业投资策略羊群效应的指标HB指数。

The paper calculates the HB index of Mutual Fund investment strategies of Chinese from the second quarter of 2001 to the fourth quarter of 2007 using a special model .

目前已经有很多学者通过LSV模型对我国证券投资基金的羊群效应进行了研究，并得出羊群效应很高的一致结论。

There are many scholars use LSV model to study herd behavior in China securities investment fund and have a unanimous conclusion .

CH方法和CCK方法都是检验投资者之间羊群效应的方法，CH方法认为，当股市存在羊群效应时，个股收益率的横截面标准偏差CSSD随绝对市场收益率的增大而减小。

CH method and CCK method both test herding effect in investors , CH method thinks that the cross section with the standard deviation CSSD of stock returns will decrease as the absolute market yield increases when the stock market exists herding effect .

到目前为止，学界有较多对投资者羊群效应的分析和研究，关于各种市场的羊群效应的检验也是收获颇丰。

And herding studies on various markets are also productive .

个体投资者羊群效应的非理性影响因素研究

The Research on the Irrational Factors Impacting on Herding of Individual Investors

但这也反映出了金融市场的羊群效应。

But it also reflects herd behaviour in financial markets .

结论表明即便在一维不确定性下，交易者之间存货的变化可能引起羊群效应。

The result indicated that the inventory change can originate herd behavior .

中国电力投资市场羊群效应的博弈模型

Research on Game Models of Herding in Electricity Investment Market in China

这就导致对市场信息的反馈不理性，羊群效应明显。

This leads to market information feedback is not rational , herding obvious .

道德风险和羊群效应是自然的结果。

Moral hazard and herd behaviour are natural consequences .

许多市场的一个核心问题是短视和羊群效应。

A central problem in many markets has been short-termism and herd behaviour .

面对市场冲击，金融机构的反应素以羊群效应著称。

Financial institutions are notorious for responding to market shocks in a herd .

依据此结论，构建了非理性因素条件下个体投资者的羊群效应模型。

We construct the herding model of the individual investors under the irrational condition .

我国证券市场开放式基金羊群效应研究

The Analysis of Chinese Open-end Funds Herding Behavior

但企业成长性对管理者羊群效应的影响不显著。

The effect of the business growth on manager 's herding is not significant .

中国股市个人与机构投资者的羊群效应

Herding behavior of Chinese individual and institutional investors

这种未知状态容易带来羊群效应，对消费者和投资者都是如此。

This ignorance makes people susceptible to Herding Behaviour , both as consumers and investors .

另一方面，非理性因素对羊群效应究竟有一个怎样的影响路径，目前的研究都未涉及。

On the other hand , studies have never involved how irrational factors influence herding .

证券投资中的羊群效应分析

Analysis of Herd Behavior in Portfolio Investment

民营企业境外上市中的羊群效应：临沂案例

Herding Behavior of Private Enterprises Listing in Overseas Market : A Case Study from Linyi

各行业中以工业类股票的羊群效应最显著；

And among various sectors , the herding in Industrial stocks is the most significant one .

除建筑业外，其他行业上市公司的自愿披露并未呈现出“羊群效应”。

Except for construction industry , other industries do not exhibit herding behavior in disclosing operating strategy .

我们认为这种动态行为是投资者的羊群效应对金融证券作用的直接反映。

We believe that this dynamic behavior is a direct reflection of investors ' herding on security prices .

本文首先对羊群效应的基本概念进行阐述，并从博弈论的角度对其成因进行分析。

The thesis firstly illustrates the definition of sheep-flock effect and analyzes it from the angle of game theory .

此外，可以说，机构投资行业最大的问题，是会造成大规模羊群效应的不当激励机制。

Also the largest problem in the institutional investment industry arguably is misaligned incentives , which causes massive herding .