Herding Behavior
Information Asymmetry and Herding Behavior
... Secara konseptual, dalam jangka panjang pasar modal bersifat efisien bentuk kuat. Namun, dalam praktik, terdapat berbagai bentuk anomali pasar yang menurunkan akurasi dari hipotesis pasar efisien. Salah satu faktor yang ...
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Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets
... of herding slightly higher than those obtained for the other developed financial ...of herding is based on the shares returns (Christie and Huang, 1995; Chang et ...the herding behavior; ...
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Herding Behavior in Futures Market: An Empirical Analysis from India
... of herding behavior has drawn extensive attention in beha- vioral finance literature in recent ...Basically herding behavior is termed as convergence behavior, when market participants ...
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Herding behavior in Ramadan and financial crises: the case of the Pakistani stock market
... the herding behavior during Month of ...s behavior (Loewenstein et ...and behavior of individuals; Frieder and Subrahmanyam (2004) studied the effect of Jewish High Holidays on US dollar ...
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Herding Behavior Post Initial Public Offering In Indonesia Stock Exchange
... post-IPO herding behavior is also suspected due to investors' optimism regarding the underpricing phenomenon so that investors are gaining investment in post-IPO ...a herding behavior on stock ...
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Herding Behavior and Trading Volume: Evidence from the American Indexes
... on herding behavior. The first empirical survey of herding that accounted for trading volume effect was the LSV model developed by Lakonishok, Shleifer, & Vishny ...of herding on stock ...
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Applying an alternative test of herding behavior: a case study of the Indian stock market
... the herding behavior using symmetric properties of the ensemble return ...of herding witnessed by the Indian equity market during the sample period and significantly, the years of major crashes have ...
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The Experiences of Fund Managers, Herding Behavior and Stock Market Bubbles:An Empirical Study on Chinese Fund Industry
... of herding behavior to explain why fund managers that hold different experiences become trend followers and the root that causes their influences on the stock market ...
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Herding behavior in the Indonesian Stock Exchange: the roles and contributions of foreign investors during the period 2006 to 2011
... Other studies on market participants’ herding behavior were conducted by Chen (2001) in Taiwan. Chen’s research (2001) concluded that before the Asian economic crisis, foreign trading could affect the index ...
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Decision-Making Processes Underlying Pedestrian Behaviors at Signalized Crossings: Part 2. Do Pedestrians Show Cultural Herding Behavior?
... This study highlighted that only two human variables, namely intrinsic probability and in particular mimetism, were sufficient and adequate to explain the departure latencies of pedestrians but also the rate of rule ...
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To what extent do financing constraints, herding behavior and ownership affect firms’ innovation activities? Evidence from China
... of herding has been largely examined in the stock market that it generally destabilizes stock price, increases the volatility on stock return, and even cause temporary price bubbles (Shiller et ...fragile ...
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Herding behavior in the Egyptian stock market
... that herding behavior would exist in the Egyptian stock market after the revolution due to the high uncertainty levels and economic and political disturbance in the ...adverse herding existed in all ...
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Herding Behavior by Equity Foreign Investors on Emerging Markets
... the herding behavior of all foreign investors of 9 emerging markets, while previous papers either were focused on single countries only (Bowe and Domuta (2004), Kim and Wei (2002)) or use data only from ...
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The market for lemmings: The herding behavior of pension funds
... widespread herding behavior by ...while herding seems to be a drag on fund performance, this effect is economically ...on herding, supports anecdotal evidence that pension funds herd around ...
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Herding Behavior and Market Overreaction in Chinese Stock Market
... The herding behavior on the financial markets can lead to significant mispricing of the assets. Investors may herd and rush to buy a security whose fundamentals do not really support the price of A-share or ...
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Elephant Herding Optimization for Energy-Based Localization
... Elephant herding optimization algorithm (EHO), initially proposed by Wang et. al [30] is a swarm based metaheuristic search method for solving optimization problems. The algorithm emulates the herding ...
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Herding and contrarian behavior in financial markets : an experimental analysis
... While we believe that our data indicates that people act in the spirit of the rational model with risk neutrality, we examine numerous behavioral explanations for any observed irrationality. In particular we study ...
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Investor herding in the Finnish stock market
... study herding in the Finnish stock market between 2005 and ...hand, herding can be seen as irrational, since in classical economic theory all investment decisions should reflect the agents’ rationally ...
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Is There Herding Bias in Tax Amnesy? The Indonesian Case
... define herding as ones’ tendency to follow others’ behavior. Herding exists because individuals ignore their personal beliefs and follow others’ without further consideration (Devenow dan Welch, ...
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Herding to A Side of Order Book Balance
... From here, we can clearly see the fact that balance of supply and demand in the order book play an important role for traders’ decision making, of course, together with the emerging (historical) price dynamics. In the ...
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