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 … dominant influence during both falling and rising market periods. We also found evidence of herding around the conventional …

Although social mood can motivate herding towards new industries, the extent to which regulators cater to social mood … may affect that herding. We explore this issue in the context of the nascent cannabis industry by examining herding among … the prevailing social mood on cannabis' legalization. Canadian-listed cannabis stocks entail strong herding across all …

We investigate herding in eight African frontier stock markets between January 2002 and July 2015, given the limited … evidence on herding in frontier markets. Herding appears significant throughout the 2002-2015 period for all markets, with … smaller stocks found to enhance its magnitude. Herding entails no clear asymmetries conditional on market performance …

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 …

We investigate herding in ten equity markets during the COVID-19 pandemic using a methodology that considers movements … in assets due to changes in fundamentals. We find heterogeneous patterns in herding across the ten countries and little … evidence of herding during the pandemic. The initial stages of the pandemic (the first half of 2020) are marked by anti-herding …

negatively impacts stock returns on average. From December 1992 to December 2020, the mean returns following an intense herding … state are 0.26% lower per month over a six-month holding period than following an adverse herding state. Our results are … robust to using risk-adjusted returns and a continuous herding variable. Intense herding emerges during periods of lower …

herding behavior of the stock markets from the top economies of the world (known as G20 countries). We classify stock market …