conditional correlation multivariate GARCH model to ascertain the contagious effect of the US to the selected African markets. By … the returns of the US market and the African markets. The inspection of the pre-crisis, crisis, post-crisis mean and … shock experienced in the US posed a threat to the African markets being examined. Further, evidence revealed that in the …

This paper provides new evidence of herding in global equity markets. Using quantile regressions applied to daily data … for 33 countries, we investigate herding during the Eurozone crisis, China's market crash in 2015-2016, and in the … aftermath of the Brexit vote. We find significant evidence of herding behavior driven by negative tail market conditions for …

In this study, we test for the presence of investor herding behavior in the Tunisian stock market. Further, we explore … the explanatory factors of the occurrence of the probability of stock market booms and busts by combining herding behavior … of investors and economic and financial fundamentals. We find that investors exhibit different levels of herding behavior …