Balcilar, Mehmet; Demirer, Rıza; Hammoudeh, Shawkat - In: Journal of International Financial Markets, … 23 (2013) C, pp. 295-321
This paper proposes a dynamic herding approach which takes into account herding under different market regimes, with concentration on the Gulf Arab stock markets – Abu Dhabi, Dubai, Kuwait, Qatar and Saudi Arabia. Our results support the presence of three market regimes (low, high and extreme...