Ulussever, Talat; Demirer, Rıza - In: Central Bank Review (CBR) 17 (2017) 3, pp. 77-89
This paper scrutinizes the effect of crude oil prices on herd behavior among investors in the Gulf Cooperation Council (GCC) stock markets. Using firm level data from Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Dubai and Abu Dhabi stock exchanges, we examine equity return dispersions within...