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Journal of Behavioral Finance Volume 14, 2013 - Issue 3
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ARTICLES

Do Investors Herd in Global Stock Markets?

Tao Chen Open University of Hong Kong
Pages 230-239 | Received 20 Jun 2011, Accepted 13 Jan 2012, Published online: 25 Aug 2013

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Read on this site (17)

Petros Messis, Antonis Alexandridis & Achilleas Zapranis. (2023) The Effects of Herding on Betas and Idiosyncratic Risk. Journal of Behavioral Finance 24:2, pages 131-146.
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Zhilu Lin, Wentao Wu & Haoran Zhang. (2023) Momentum, Information, and Herding. Journal of Behavioral Finance 24:2, pages 219-237.
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Tao Chen, Robert K. Larson & Han Mo. (2022) Investor Herding and Price Informativeness in Global Markets: Evidence from Earnings Announcements. Journal of Behavioral Finance 0:0, pages 1-19.
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Sandra Ferreruela, Vasileios Kallinterakis & Tania Mallor. (2022) Cross-Market Herding: Do ‘Herds’ Herd with Each Other?. Journal of Behavioral Finance 0:0, pages 1-21.
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Konstantinos Gavriilidis & Vasileios Kallinterakis. (2021) Herding in Imperial Russia: Evidence from the St. Petersburg Stock Exchange (1865–1914). Journal of Behavioral Finance 0:0, pages 1-15.
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Tao Chen. (2021) Does Country Matter to Investor Herding? Evidence from an Intraday Analysis. Journal of Behavioral Finance 22:1, pages 56-64.
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Gerson De Souza Raimundo Júnior, Marcelo Cabus Klotzle, Antonio Carlos Figueiredo Pinto & André Luis Leite. (2020) Political risk, fear, and herding on the Brazilian stock exchange. Applied Economics Letters 27:9, pages 759-763.
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Tao Chen. (2020) Country herding in the global market. Journal of Behavioral Finance 21:2, pages 174-185.
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Chaiyuth Padungsaksawasdi. (2020) Herd behavior and firm-specific information. Cogent Economics & Finance 8:1.
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Stephen Bahadar, Haroon Mahmood & Rashid Zaman. (2019) The Herds of Bulls and Bears in Leveraged ETF Market. Journal of Behavioral Finance 20:4, pages 408-423.
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Yong Tang, Jason Jie Xiong, Yong Luo & Yi-Cheng Zhang. (2019) How Do the Global Stock Markets Influence One Another? Evidence from Finance Big Data and Granger Causality Directed Network. International Journal of Electronic Commerce 23:1, pages 85-109.
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Muhammad Imran Chaudhry & Abdoul G. Sam. (2018) Herding behaviour and the declining value relevance of accounting information: evidence from an emerging stock market. Applied Economics 50:49, pages 5335-5353.
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Fotini Economou, Christis Hassapis & Nikolaos Philippas. (2018) Investors’ fear and herding in the stock market. Applied Economics 50:34-35, pages 3654-3663.
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Maria-Miruna Pochea, Angela-Maria Filip & Andreea-Maria Pece. (2017) Herding Behavior in CEE Stock Markets Under Asymmetric Conditions: A Quantile Regression Analysis. Journal of Behavioral Finance 18:4, pages 400-416.
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Tao Chen. (2017) Investor Attention and Global Stock Returns. Journal of Behavioral Finance 18:3, pages 358-372.
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María José Muñoz Torrecillas, Rossitsa Yalamova & Bill McKelvey. (2016) Identifying the Transition from Efficient-Market to Herding Behavior: Using a Method from Econophysics. Journal of Behavioral Finance 17:2, pages 157-182.
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Johannes M. Lehner. (2015) Making sense in asset markets: Strategies for Implicit Organizations. Cogent Economics & Finance 3:1.
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Guiqiang Shi, Dehua Shen & Zhaobo Zhu. (2023) Herding towards carbon neutrality: The role of investor attention. International Review of Financial Analysis, pages 103049.
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Achraf Ghorbel, Yasmine Snene & Wajdi Frikha. (2022) Does herding behavior explain the contagion of the COVID-19 crisis?. Review of Behavioral Finance 15:6, pages 889-915.
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Yusuf GÜNEYSU & Salih AYDIN. (2023) ANALYZING THE BEHAVIORAL BIASES OF BANK CUSTOMERS WITH THE FUZZY AHP METHODBANKA MÜŞTERİLERİNİN SERGİLEDİKLERİ DAVRANIŞSAL EĞİLİMLERİN BULANIK AHP YÖNTEMİ İLE ANALİZİ. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 8:3, pages 759-773.
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Jeferson Carvalho, Paulo Vitor Jordão da Gama Silva & Marcelo Cabus Klotzle. (2023) Herding and Google search queries in the Brazilian stock market. Review of Behavioral Finance.
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Henry Infant Sebastian Paul & Natarajan Sundaram. (2023) Behavioral Biases and their Influence on Investment Decision-Making: A Systematic Literature Review and Future Research Agenda. Journal of Law and Sustainable Development 11:4, pages e904.
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Xue Gong, Xin Zeng, Weijun Xu & Weiguo Zhang. (2023) Asymmetric risk spillovers and its determinants in global equity markets. Physica A: Statistical Mechanics and its Applications 624, pages 128926.
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Xing Yu, Xilin Shen, Yanyan Li & Xue Gong. (2023) Selective hedging strategies for crude oil futures based on market state expectations. Global Finance Journal 57, pages 100845.
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Christos Alexakis, Antonios Chantziaras, Fotini Economou, Konstantinos Eleftheriou & Christos Grose. (2023) Animal Behavior in Capital markets: Herding formation dynamics, trading volume, and the role of COVID-19 pandemic. The North American Journal of Economics and Finance 67, pages 101946.
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Yen Vy Bao Nguyen & An Hoang Kim Vo. (2023) Herding behavior before and after COVID-19 pandemic: evidence from the Vietnam stock market. Journal of Economic Studies.
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Ooi Kok Loang & Zamri Ahmad. (2023) Economic and political factors on herding in Islamic GCC stock markets during COVID-19 pandemic. International Journal of Islamic and Middle Eastern Finance and Management.
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N. Blasco, P. Corredor & N. Satrústegui. (2022) The witching week of herding on bitcoin exchanges. Financial Innovation 8:1.
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Petar Sorić, Blanka Škrabić Perić & Marina Matošec. (2022) Breaking new grounds: a fresh insight into the leading properties of business and consumer survey indicators. Quality & Quantity 56:6, pages 4511-4535.
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Naina & Kapil Gupta. (2022) Sentimental Herding in Stock Market: Evidence from India. Vision: The Journal of Business Perspective.
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Júlio Lobão. (2022) Herding Behavior in the Market for Green Cryptocurrencies: Evidence from CSSD and CSAD Approaches. Sustainability 14:19, pages 12542.
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Tao Chen. (2020) A cross‐country study on informed herding . International Journal of Finance & Economics 27:4, pages 4336-4349.
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Siniša Bogdan, Natali Suštar & Bojana Olgić Draženović. (2022) Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic. Journal of Risk and Financial Management 15:9, pages 400.
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Puput Tri Komalasari, Marwan Asri, Bernardinus M. Purwanto & Bowo Setiyono. (2021) Herding behaviour in the capital market: What do we know and what is next?. Management Review Quarterly 72:3, pages 745-787.
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Maqsood Ahmad & Qiang Wu. (2022) Does herding behavior matter in investment management and perceived market efficiency? Evidence from an emerging market. Management Decision 60:8, pages 2148-2173.
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Maqsood Ahmad. (2022) The role of cognitive heuristic-driven biases in investment management activities and market efficiency: a research synthesis. International Journal of Emerging Markets.
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Aleem Ansari & Valeed Ahmad Ansari. (2021) Do investors herd in emerging economies? Evidence from the Indian equity market. Managerial Finance 47:7, pages 951-974.
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Endrit Kromidha & Paul JA Robson. (2020) The role of digital presence and investment network signals on the internationalisation of small firms. International Small Business Journal: Researching Entrepreneurship 39:2, pages 109-129.
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Jing Zhang & Ya-ming Zhuang. (2021) Cross-Market Infection Research on Stock Herding Behavior Based on DGC-MSV Models and Bayesian Network. Complexity 2021, pages 1-8.
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Munkh-Ulzii Batmunkh, Enkhbayar Choijil, João Paulo Vieito, Christian Espinosa-Méndez & Wing-Keung Wong. (2020) Does herding behavior exist in the Mongolian stock market?. Pacific-Basin Finance Journal 62, pages 101352.
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Phasin Wanidwaranan & Chaiyuth Padungsaksawasdi. (2020) The effect of return jumps on herd behavior. Journal of Behavioral and Experimental Finance 27, pages 100375.
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Oiping Chong, A.N. Bany- Ariffin, Bolaji Tunde Matemilola & C.B. McGowanJr.Jr.. (2020) Can China’s cross-sectional dispersion of stock returns influence the herding behaviour of traders in other local markets and China’s trading partners?. Journal of International Financial Markets, Institutions and Money 65, pages 101168.
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Lars Kaiser & Sebastian Stöckl. (2020) Cryptocurrencies: Herding and the transfer currency. Finance Research Letters 33, pages 101214.
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Yue Dong, Yuhao Zhang, Jinnan Pan & Tingqiang Chen. (2020) Evolutionary Game Model of Stock Price Synchronicity from Investor Behavior. Discrete Dynamics in Nature and Society 2020, pages 1-9.
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Styliani-Iris Krokida, Panagiota Makrychoriti & Spyros Spyrou. (2020) Monetary policy and herd behavior: International evidence. Journal of Economic Behavior & Organization 170, pages 386-417.
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Chamil W. Senarathne. (2019) Do Fama–French common risk-factor portfolio investors herd on a daily basis? Implications for common risk-factor regressions. Journal of Capital Markets Studies 3:2, pages 137-156.
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Fotini Economou. (2019) Herding in frontier markets: evidence from the Balkan region. Review of Behavioral Finance 12:2, pages 119-135.
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Xueping Zhen, Gangshu (George) Cai, Reo Song & Sungha Jang. (2019) The effects of herding and word of mouth in a two-period advertising signaling model. European Journal of Operational Research 275:1, pages 361-373.
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Nha Duc Bui, Loan Thi Bich Nguyen, Nhung Thi Tuyet Nguyen & Gordon Frederick Titman. (2017) Herding in frontier stock markets: evidence from the Vietnamese stock market. Accounting & Finance 58:S1, pages 59-81.
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Ganesh R.Naresh G.Thiyagarajan S.. (2018) Mimicking behaviour in bulk and block trading of institutional investors in the stock market. Benchmarking: An International Journal 25:7, pages 2414-2426.
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Daniel Liston-Perez, Patricio Torres-Palacio & Sidika Gulfem Bayram. (2018) Does investor sentiment predict Mexican equity returns?. International Journal of Managerial Finance 14:4, pages 484-502.
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TAO CHEN. (2018) DOES INVESTOR ATTENTION MATTER TO RENMINBI TRADING?. The Singapore Economic Review 63:03, pages 667-689.
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Vaalmikki Arjoon & Chandra Shekhar Bhatnagar. (2017) Dynamic herding analysis in a frontier market. Research in International Business and Finance 42, pages 496-508.
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Houda Litimi. (2017) Herd behavior in the French stock market. Review of Accounting and Finance 16:4, pages 497-515.
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Alan Meng Li, Dharmendra Naidu, Farshid Navissi & Kumari Ranjeeni. (2017) Net stock issuance anomaly and cash flow explanation: A research note. Australian Journal of Management, pages 031289621771730.
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M. FERNÁNDEZ-MARTÍNEZ, M. A. SÁNCHEZ-GRANERO, M. J. MUÑOZ TORRECILLAS & BILL MCKELVEY. (2017) A COMPARISON OF THREE HURST EXPONENT APPROACHES TO PREDICT NASCENT BUBBLES IN S&P500 STOCKS. Fractals 25:01, pages 1750006.
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Styliani-Iris A. Krokida, Spyros I. Spyrou & Dimitris A. Tsouknidis. 2017. Handbook of Investors' Behavior During Financial Crises. Handbook of Investors' Behavior During Financial Crises 319 333 .
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A. Erdenetsogt & V. Kallinterakis. 2016. Handbook of Frontier Markets. Handbook of Frontier Markets 233 249 .
N. Blasco, P. Corredor & S. Ferreruela. 2016. Handbook of Frontier Markets. Handbook of Frontier Markets 191 212 .
Ashish Kumar Garg & Subrata Kumar Mitra. (2015) A study of lead-lag relation between FIIs herding and stock market returns in emerging economies: evidence from India. DECISION 42:3, pages 279-292.
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Markella Karadede–Bouras & Nikiforos T. Laopodis. (2015) Dynamics among Traditional and Alternative Assets: Implications for Diversification and Risk . The Journal of Wealth Management 18:2, pages 13-34.
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Markella Karadede-Bouras & Nikiforos T. Laopodis. (2015) Dynamics among Traditional and Alternative Assets: Implications for Diversification and Risk . The Journal of Wealth Management, pages 150709201733002.
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Fotini Economou, Konstantinos Gavriilidis, Abhinav Goyal & Vasileios Kallinterakis. (2015) Herding dynamics in exchange groups: Evidence from Euronext. Journal of International Financial Markets, Institutions and Money 34, pages 228-244.
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Achraf Ghorbel, Mouna Abbes Boujelbene & Younes Boujelbene. (2014) Behavioral explanation of contagion between oil and stock markets. International Journal of Energy Sector Management 8:1, pages 121-144.
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Aleem Ansari. (2020) Investor Herding Behaviour in the Indian Equity Market: Evidence From Quantile Regression. SSRN Electronic Journal.
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