1、Grinblatt, Titman 的"Momentum investment strategies portfolio performance and herding: a study of mutual fund behavior"

2、Nofsinger 和Sias 的"Herding and feedback trading by institutional and individual investor"

3、Lakonishok和Shleifer的“Impact of institutional investor on stock prices"

4、Huang和Christie的“Following the pied piper:Do individual returns herd around the market"