Ng Sin Huei; Zhuang, Zhehan; Toh, Moau Yong; San, Ong Tze; … - In: Journal of applied economics 25 (2022) 1, pp. 523-542
We adopt the cross-sectional absolute deviation model (CSAD) to test the herding behavior of ChiNext, a decade-old NASDAQ-style stock market in China, based on its stocks from 2015-2019. Our findings show that the herding behavior is prevalent, implying that such behavior is widespread in a...