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Mutual Fund Herding and the Impact on Stock Prices The Journal of Finance 54 (2): 581-622.1309-11232529-002910.14784/marufacd.502166https://gcris.yasar.edu.tr/handle/123456789/10878https://search.trdizin.gov.tr/en/yayin/detay/392750Bu çalışmada Türkiyedeki fon yöneticilerinin aylık veri kullanılarak Mart 2014-Nisan 2017 aralığında sürü davranışları araştırılmıştır. Veriler 18 hisse senedi yatırım fonunun aylık raporlarından elde edilmiştir. Öncelikle Lakonishok Shleifer ve Vishny (1992) tarafından geliştirilen sürü davranışı göstergesi (Hi t) kullanarak hisse seçimi sürü davranışının varlığı ardından hisse seçiminin yönünü görmek için Wermers (1999) tarafından ortaya konan alma ve satma yönlü sürü davranışı göstergeleri incelenmiştir. Ayrıca Oehler’in (1998) sunduğu yatırım fonları arasındaki genel sürü davranışı (piyasa çapında sürü davranışı) varlığı incelenmiştir. Sonuçlar hisse seçimi açısından anlamlı bir sürü davranışına işaret etmezken piyasa çapında sürü davranışının var olduğunu göstermektedir.İngilizceinfo:eu-repo/semantics/openAccessİşletmeArticle