{"id":"https://openalex.org/W2993710290","doi":"https://doi.org/10.1007/s11187-019-00284-0","title":"Do investors in SMEs herd? Evidence from French and UK equity markets","display_name":"Do investors in SMEs herd? Evidence from French and UK equity markets","publication_year":2019,"publication_date":"2019-12-06","ids":{"openalex":"https://openalex.org/W2993710290","doi":"https://doi.org/10.1007/s11187-019-00284-0","mag":"2993710290"},"language":"en","primary_location":{"id":"doi:10.1007/s11187-019-00284-0","doi":"https://doi.org/10.1007/s11187-019-00284-0","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s11187-019-00284-0","pdf_url":null,"source":{"id":"https://openalex.org/S41869786","display_name":"Small Business Economics","issn_l":"0921-898X","issn":["0921-898X","1573-0913"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","ki-jl-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Small Business Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024212389","display_name":"Ramzi Benkraiem","orcid":"https://orcid.org/0000-0002-3931-0546","observed_orcids":["https://orcid.org/0000-0002-3931-0546"]},"institutions":[{"id":"https://openalex.org/I161463649","display_name":"Audencia Business School","ror":"https://ror.org/000axn811","country_code":"FR","type":"education","lineage":["https://openalex.org/I161463649"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Ramzi Benkraiem","raw_affiliation_strings":["Audencia Business School, Nantes, France"],"raw_orcid":"https://orcid.org/0000-0002-3931-0546","affiliations":[{"raw_affiliation_string":"Audencia Business School, Nantes, France","institution_ids":["https://openalex.org/I161463649"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5027386294","display_name":"Mondher Bouattour","orcid":"https://orcid.org/0000-0001-5902-0485","observed_orcids":["https://orcid.org/0000-0001-5902-0485"]},"institutions":[{"id":"https://openalex.org/I4210142311","display_name":"Excelia Business School","ror":"https://ror.org/051gb6s93","country_code":"FR","type":"education","lineage":["https://openalex.org/I4210142311"]},{"id":"https://openalex.org/I4405258862","display_name":"Universit\u00e9 de Toulouse","ror":"https://ror.org/01ahyrz84","country_code":"FR","type":"education","lineage":["https://openalex.org/I4405258862"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Mondher Bouattour","raw_affiliation_strings":["La Rochelle Business School \u2013 Excelia Group, CERIIM & LGCO University of Toulouse, Toulouse, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"La Rochelle Business School \u2013 Excelia Group, CERIIM & LGCO University of Toulouse, Toulouse, France","institution_ids":["https://openalex.org/I4210142311","https://openalex.org/I4405258862"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040123574","display_name":"Emilios Galariotis","orcid":"https://orcid.org/0000-0002-8575-894X","observed_orcids":["https://orcid.org/0000-0002-8575-894X"]},"institutions":[{"id":"https://openalex.org/I161463649","display_name":"Audencia Business School","ror":"https://ror.org/000axn811","country_code":"FR","type":"education","lineage":["https://openalex.org/I161463649"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Emilios Galariotis","raw_affiliation_strings":["Audencia Business School, Nantes, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Audencia Business School, Nantes, France","institution_ids":["https://openalex.org/I161463649"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5047520105","display_name":"Anthony Miloudi","orcid":"https://orcid.org/0000-0003-0126-5783","observed_orcids":["https://orcid.org/0000-0003-0126-5783"]},"institutions":[{"id":"https://openalex.org/I32881790","display_name":"Universit\u00e9 de Poitiers","ror":"https://ror.org/04xhy8q59","country_code":"FR","type":"education","lineage":["https://openalex.org/I32881790"]},{"id":"https://openalex.org/I4210142311","display_name":"Excelia Business School","ror":"https://ror.org/051gb6s93","country_code":"FR","type":"education","lineage":["https://openalex.org/I4210142311"]},{"id":"https://openalex.org/I4405268160","display_name":"Laboratoire d\u2019Economie de Poitiers","ror":"https://ror.org/002a9ne93","country_code":"FR","type":"facility","lineage":["https://openalex.org/I32881790","https://openalex.org/I4405268160"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Anthony Miloudi","raw_affiliation_strings":["La Rochelle Business School \u2013 Excelia Group, CERIIM & CRIEF University of Poitiers, Poitiers, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"La Rochelle Business School \u2013 Excelia Group, CERIIM & CRIEF University of Poitiers, Poitiers, France","institution_ids":["https://openalex.org/I32881790","https://openalex.org/I4210142311","https://openalex.org/I4405268160"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5024212389"],"corresponding_institution_ids":["https://openalex.org/I161463649"],"apc_list":{"value":2690,"currency":"USD","value_usd":2690},"apc_paid":null,"fwci":2.1512,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.88500013,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":92,"max":97},"biblio":{"volume":"56","issue":"4","first_page":"1619","last_page":"1637"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investor-herding","display_name":"investor herding","score":0.9480000138282776},{"id":"https://openalex.org/keywords/small-and-medium-sized-enterprises","display_name":"small and medium-sized enterprises","score":0.843999981880188},{"id":"https://openalex.org/keywords/listed-smes","display_name":"listed SMEs","score":0.7360000014305115},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.8610000014305115},{"id":"https://openalex.org/keywords/social-learning","display_name":"social learning","score":0.9440000057220459},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.5950000286102295},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"market liquidity","score":0.7910000085830688},{"id":"https://openalex.org/keywords/french-stock-market","display_name":"French stock market","score":0.6320000290870667},{"id":"https://openalex.org/keywords/uk-stock-market","display_name":"UK stock market","score":0.9959999918937683}],"concepts":[{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.9414256811141968},{"id":"https://openalex.org/C102235558","wikidata":"https://www.wikidata.org/wiki/Q1609678","display_name":"Herd behavior","level":3,"score":0.6710509061813354},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6498514413833618},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5869617462158203},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.5805615186691284},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5778722763061523},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.5227441787719727},{"id":"https://openalex.org/C194775826","wikidata":"https://www.wikidata.org/wiki/Q209542","display_name":"Herd","level":2,"score":0.5093420743942261},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.42926979064941406},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.42398571968078613},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3667091131210327},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.36015474796295166},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.25360673666000366},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C42972112","wikidata":"https://www.wikidata.org/wiki/Q170201","display_name":"Veterinary medicine","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1007/s11187-019-00284-0","doi":"https://doi.org/10.1007/s11187-019-00284-0","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s11187-019-00284-0","pdf_url":null,"source":{"id":"https://openalex.org/S41869786","display_name":"Small Business Economics","issn_l":"0921-898X","issn":["0921-898X","1573-0913"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","ki-jl-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Small Business Economics","raw_type":"journal-article"},{"id":"mag:3170025485","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/hal/journl/hal-03211958.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:HAL:hal-03211958v1","doi":null,"is_oa":false,"landing_page_url":"https://audencia.hal.science/hal-03211958","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Small Business Economics, 2021, 56 (4), pp.1619-1637. ⟨10.1007/s11187-019-00284-0⟩","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:HAL:halshs-04725404v1","doi":null,"is_oa":false,"landing_page_url":"https://shs.hal.science/halshs-04725404","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Small Business Economics, 2019, 56 (4), pp.1619-1637. ⟨10.1007/s11187-019-00284-0⟩","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:kap:sbusec:v:56:y:2021:i:4:d:10.1007_s11187-019-00284-0","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s11187-019-00284-0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:oskar-bordeaux.fr:20.500.12278/36926","doi":null,"is_oa":false,"landing_page_url":"https://oskar-bordeaux.fr/handle/20.500.12278/36926","pdf_url":null,"source":{"id":"https://openalex.org/S4306402569","display_name":"Oskar-Bordeaux (Universite de Bordeaux)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I15057530","host_organization_name":"Universit\u00e9 de Bordeaux","host_organization_lineage":["https://openalex.org/I15057530"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article de revue"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":74,"referenced_works":["https://openalex.org/W571656851","https://openalex.org/W1489293997","https://openalex.org/W1513172979","https://openalex.org/W1559199599","https://openalex.org/W1573257242","https://openalex.org/W1965645085","https://openalex.org/W1965898788","https://openalex.org/W1976868103","https://openalex.org/W1982761352","https://openalex.org/W1991649273","https://openalex.org/W1992342059","https://openalex.org/W1993443607","https://openalex.org/W1999940888","https://openalex.org/W2001589777","https://openalex.org/W2003498865","https://openalex.org/W2005294649","https://openalex.org/W2007245593","https://openalex.org/W2009957539","https://openalex.org/W2029806599","https://openalex.org/W2031798454","https://openalex.org/W2034874274","https://openalex.org/W2037155887","https://openalex.org/W2039682891","https://openalex.org/W2046519558","https://openalex.org/W2047496486","https://openalex.org/W2047803175","https://openalex.org/W2062907497","https://openalex.org/W2064392635","https://openalex.org/W2083376165","https://openalex.org/W2089994424","https://openalex.org/W2095673494","https://openalex.org/W2096185858","https://openalex.org/W2099081789","https://openalex.org/W2114279083","https://openalex.org/W2119780569","https://openalex.org/W2126067694","https://openalex.org/W2128105362","https://openalex.org/W2136648434","https://openalex.org/W2140950724","https://openalex.org/W2148876341","https://openalex.org/W2160671156","https://openalex.org/W2162886930","https://openalex.org/W2163685283","https://openalex.org/W2166382306","https://openalex.org/W2170305664","https://openalex.org/W2180736400","https://openalex.org/W2284219800","https://openalex.org/W2497523688","https://openalex.org/W2527229625","https://openalex.org/W2534281013","https://openalex.org/W2550634690","https://openalex.org/W2568739981","https://openalex.org/W2580430449","https://openalex.org/W2603177426","https://openalex.org/W2607357530","https://openalex.org/W2786696228","https://openalex.org/W2896890402","https://openalex.org/W3021190191","https://openalex.org/W3022151259","https://openalex.org/W3022284752","https://openalex.org/W3121401171","https://openalex.org/W3121453935","https://openalex.org/W3121652921","https://openalex.org/W3122000667","https://openalex.org/W3122701877","https://openalex.org/W3122709279","https://openalex.org/W3123436100","https://openalex.org/W3123777478","https://openalex.org/W3123853429","https://openalex.org/W3124277734","https://openalex.org/W3125754252","https://openalex.org/W3126001324","https://openalex.org/W4241785331","https://openalex.org/W4251135403"],"related_works":["https://openalex.org/W2367980896","https://openalex.org/W2166382306","https://openalex.org/W2765115141","https://openalex.org/W2370521423","https://openalex.org/W4414093535","https://openalex.org/W7219968716","https://openalex.org/W2945971369","https://openalex.org/W7115177224","https://openalex.org/W2279697361","https://openalex.org/W2353818512"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2019-12-13T00:00:00"}