Choi, Ki-hong; Yoon, Seong-min - In: International Journal of Financial Studies 8 (2020) 2, pp. 1-14
This paper investigates herding behavior and the connection between herding behavior and investor sentiment. We apply a … Cross-Sectional Absolute Deviation (CSAD) approach and the quantile regression method to capture herding behavior in the … KOSPI and KOSDAQ stock markets. The analysis results are outlined as follows. First, we find that herding behavior is …