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In this paper, we introduce two classes of indices which can be used to measure the market perception concerning the degree of dependency that exists between a set of random variables, representing different stock prices at a fixed future date. The construction of these measures is based on the...
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This study aims to test the herding phenomenon on the Indonesia Stock Exchange. The test is conducted on two categories …) over the spans of 2011-2016. Using the record of buying and selling transactions, the herding is measured using LSV methods … and tested using a standard t-test to prove the existence of herding and independent t-test to test the differences of …
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, recent market incidents witnessed investors’ decision-making process is fueled with irrational behaviour like herding …. Herding behaviour is a dominant behavioural bias that depicts investors make decisions based on imitating other investors …’ behaviour. The lack of research regarding herding, done in emerging markets especially in the Sri Lankan context and the …
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of the major areas of behavioral finance. Herding, basically, implies trading by a large group of investors in the same … for asymmetric returns, herding is indicated by both the markets. Further, inclusion of CSAD of DJIA as an explanatory …
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-old NASDAQ-style stock market in China, based on its stocks from 2015-2019. Our findings show that the herding behavior is …We adopt the cross-sectional absolute deviation model (CSAD) to test the herding behavior of ChiNext, a decade … enterprises and dominated by individual investors instead of institutional investors. Moreover, we find that herding tends to be …
Persistent link: https://www.econbiz.de/10013177036