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Is anti-herding behavior spurious?
Finance Research Letters, 2019Abstract Herding behavior has been in the epicenter of a heated debate over the past three decades across traditional and alternative asset markets. Establishing the existence of herding relies on a standard regression-based testing procedure. Employing Monte Carlo simulations we show that spurious anti-herding behavior might emerge even if the ...
Stavros Stavroyiannis +3 more
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Herding Behavior Model in Investment Decision on Emerging Markets: Experimental in Indonesia
, 2021This research aims to examine the model of investor herding behavior in making investment decisions in the Indonesian capital market, which is influenced by social and information impacting on the value of the Book Value Per Share (BVPS).
S. Rahayu, Abdul Rohman, P. Harto
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Herding and Contrarian Behavior in Financial Markets [PDF]
Econometrica, 2009 Rational herd behavior and informationally efficient security prices have long been considered to be mutually exclusive but for exceptional cases. In this paper we describe the conditions on the underlying information structure that are necessary and sufficient for informational herding and contrarianism. In a standard sequential security trading model,
Park, A., Sabourian, H.
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What Drives Herding Behavior in the Cryptocurrency Market?
Journal of Behavorial Finance, 2020This paper uses the cross-sectional absolute deviation (CSAD) in static and time-varying versions to examine herding in the cryptocurrency market from April 2013 to November 2019.
Mouna Youssef
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Asymmetry risk and herding behavior: a quantile regression study of the Egyptian mutual funds
The Journal of Risk FinancePurposeThis paper deeply investigates the herd behavior of the Egyptian mutual funds under changing and different conditions of the market pre- and post-events and compares the impact of asymmetric risk conditions on the herding behavior of the Egyptian ...
Noura Metawa +3 more
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Herding Behavior and Liquidity in the Cryptocurrency Market
Asia Pac. J. Oper. Res., 2021In view of explosive trends and excessive trades in the cryptocurrency markets, this paper contributes to the existing literature by bringing in the limelight the effect of liquidity on the herding...
Sonia Arsi, K. Guesmi, Elie Bouri
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Herd Behavior in Artificial Stock Markets
2004Herd behavior in Economics can be fruitfully represented by a generalization of the well-known Ehrenfest urn model to correlated clustering. The strategies of an agent in a stock market (planning to buy, to sell or to be inactive) are represented by three urns, and the accommodation of each agent in one of them is ruled by a random mechanism that may ...
U. Garibaldi +2 more
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Herding Behavior in Chinese Stock Markets during COVID-19
, 2020This paper investigates herding behavior in the Chinese stock markets during the COVID-19 pandemic. We find that herding behavior is significantly lower than usual in Chinese stock markets during the COVID-19 period.
Guofeng Wu, Boguang Yang, Ningru Zhao
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Analyst Forecasts and Herding Behavior:
Review of Financial Studies, 1994The use of analyst forecasts as proxies for investors' earnings expectations is commonplace in empirical research. An implicit assumption behind their use is that they reflect analysts' private information in an unbiased manner. As demonstrated here, this assumption is not necessarily valid.
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Applied Animal Behaviour Science, 1991
Abstract Herding behavior in ungulates is executed mainly by males. There are several forms of herding: guarding a single estrous female; rounding up a bunch of females during the rutting season; territorial herding by which a male keeps females inside his territory; herding of a moving, permanent, harem group; social herding in which group members ...
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Abstract Herding behavior in ungulates is executed mainly by males. There are several forms of herding: guarding a single estrous female; rounding up a bunch of females during the rutting season; territorial herding by which a male keeps females inside his territory; herding of a moving, permanent, harem group; social herding in which group members ...
openaire +2 more sources