Table 5 Regression results from the perspective of heterogeneity of herding behavior degree.
From: The influence of the social networks of fund managers on the herding behavior of SIFs in China
Group\variables | (1) | (2) |
|---|---|---|
High | Low | |
FreeClo | 247.284 | 20.234 |
(168.811) | (28.784) | |
ValClo | −7.449 | −0.676 |
(4.468) | (0.766) | |
Const | −29.815 | −0.797 |
(30.768) | (5.314) | |
Size | 27.713** | 1.795 |
(12.742) | (1.984) | |
Sex | −22.248 | −0.951 |
(36.981) | (5.207) | |
Dip | 5.771 | 1.560 |
(16.136) | (2.619) | |
Jnum | −14.659 | −0.539 |
(23.450) | (4.007) | |
Snum | −0.113 | 0.140 |
(4.444) | (0.622) | |
Soum | −0.369* | 0.013 |
(0.208) | (0.042) | |
Garr | −0.613 | 0.068 |
(0.892) | (0.190) | |
Constant | −408.116 | −84.932 |
(367.919) | (60.094) | |
Observations | 50 | 50 |
R-squared | 0.248 | 0.073 |
