Purpose: This paper aims to examine the presence of herd behaviour in the Islamic Gulf Cooperation Council (GCC) stock markets following the methodology given by Chiang and Zheng (2010). Generalized auto regressive conditional heteroskedasticity (GARCH)-type models and quantile regression...

This study examines herding behavior in four sectors of the Gulf Islamic stock markets. Based on the methodology of Chiang and Zheng (2010), results showed evidence of herding among investors in major sectors for the Gulf Cooperation Council (hereinafter GCC) Islamic stock market during falling...

Purpose: The purpose of this paper is to examine the herding behavior in GCC Islamic stock markets. Design/methodology/approach: The authors followed the methodology developed by Chiang and Zheng (2010) to test herding behavior. Cross-sectional tests have been considered in this paper. The...

Behavioral finance attempts to give some explanations to the psychological and emotional factors involved in the stock market and that affect the behavior of investors and the market efficiency. In this paper we study the influence of these psychological and emotional factors on the behavior of...