Working Paper | 1990

Herd on the Street: Informational Inefficiencies in a Market with Short-term Speculation

by Kenneth A. Froot, J. Stein and David S. Scharfstein

Citation:

Froot, Kenneth A., J. Stein, and David S. Scharfstein. "Herd on the Street: Informational Inefficiencies in a Market with Short-term Speculation." NBER Working Paper Series, No. 3250, February 1990. (Revised in Journal of Finance 47 (September 1992): 1461-1484.)