Some Evidence on 'Herding' Behavior of U.S. Banks
The authors examine the international lending decisions of U.S. commercial banks of different sizes from 1977 to 1982 for evidence ofthe ex istence of "herding" behavior. Granger-Sims causality tests for the loans gran ted by the top nine, the next fifteen, and the remaining U.S. banks provide no c lear evidence of herding between the top nine and the next fifteen banks. There is, however, evidence that the remaining banks (mostly small ones) herded behind the top twenty-four banks. Overall, the analysis presented here points to a very weak herding behavior. Copyright 1987 by Ohio State University Press.
Volume (Year): 19 (1987)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879|
When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:19:y:1987:i:1:p:78-89. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.