1 |
Bharti, B., & Kumar, A. (2019). Do banking sector stocks herd? An anecdote from India. Effulgence, 17(2), 37-51. https://dx.doi.org/10.33601/effulgence.rdias/v17/i2/2019/37-51
DOI
|
2 |
Bikhchandani, S., & Sharma, S. (2000). Herd behavior in financial markets: A review. IMF Staff Papers, 47(3), 279-310. Washington, DC: International Monetary Fund. http://www.imf.org/External/Pubs/FT/staffp/2001/01/pdf/bikhchan.pdf
|
3 |
Cakan, E., & Balagyozyan, A. (2015). Sectoral herding: evidence from an emerging market. Journal of Applied Economics Letters, 21(2), 75-79.
DOI
|
4 |
Candelon, B., Piplack, J., & Straetmans, S. (2008). On measuring synchronization of bulls and bears: The case of East Asia. Journal of Banking and Finance, 32, 1022-1035. https://doi.org/10.1016/j.jbankfin.2007.08.003
DOI
|
5 |
Caparrelli, F., D'Arcangelis, A. M., & Cassuto, A. (2004). Herding in the Italian stock market: A case of behavioral finance. The Journal of Behavioral Finance, 5(4), 222-230. https://doi.org/10.1207/s15427579jpfm0504_5
DOI
|
6 |
Caporale, G. M., Economou, F., & Philippas, N. (2008). Herd behavior in extreme market conditions: The case of the Athens stock exchange. Economics Bulletin, 7(17), 1-13.
|
7 |
Chang, E. C., Cheng, J. W., & Khorana, A. (2000). An examination of herd behavior in equity markets: An international perspective. Journal of Banking and Finance, 24(10), 1651-1679. https://doi.org/10.1016/S0378-4266(99)00096-5
DOI
|
8 |
Chiang, T. C., & Zheng, D. (2010). An empirical analysis of herd behavior in global stock markets. Journal of Banking and Finance, 34(8), 1911-1921. https://doi.org/10.1016/j.jbankfin.2009.12.014
DOI
|
9 |
Choi, N., & Sias, R. W. (2009). Institutional industry herding. Journal of Financial Economics, 94(3), 469-491. https://doi.org/10.1016/j.jfineco.2008.12.009
DOI
|
10 |
Lee, C. C, Chen, P., & Hsieh, K. M. (2013). Industry herding and market states: Evidence from Chinese stock markets. Quantitative Finance, 13(7), 1091-1113. https://doi: 10.1080/14697688.2012.740571
DOI
|
11 |
Loewenstein, G., Weber, E. U., Hsee, C. K., & Welch, N. (2001). Risk as feelings. Psychological Bulletin. 127(2), 267-286. https://doi.org/10.1037/0033-2909.127.2.267 .
DOI
|
12 |
Rubinstein, M. (2001). Rational markets: yes or no? The affirmative case. Financial Analyst Journal, 57(3), 15-29. https://doi.org/10.2469/faj.v57.n3.2447
DOI
|
13 |
Pierdzioch, C., Rulke, J. C., & Stadtmann, G. (2013). Forecasting metal prices: do forecasters herd?. Journal of Banking and Finance, 37(1), 150-158. https://doi.org/10.1016/j.jbankfin.2012.08.016
DOI
|
14 |
Pochea, M. M., Filip, A. M., & Pece, A. M. (2017). Herding behavior in CEE stock markets under asymmetric conditions: A quantile regression analysis. Journal of Behavioral Finance, 18(4), 400-416. https://10.1080/15427560.2017.1344677
DOI
|
15 |
Prechter, R. R., & Parker, W. D. (2007). The financial/economic dichotomy in social behavioral dynamics: The socionomic perspective. Journal of Behavioral Finance, 8(2), 84-10. https://doi.org/10.1080/15427560701381028
DOI
|
16 |
Scharfstein, D. S., & Stein, J. C. (1990). Herd behavior and investment. The American Economic Review, 80(3), 465-479. https://doi.org/ 10.1257/aer.90.3.705
|
17 |
Sewell, M. (2010). Behavioral finance. Working Paper. Cambridge, UK: University of Cambridge.
|
18 |
Shah, S. S. H., Khan, M. A., Meyer, N., Meyer, D. F., & Olah, J. (2019). Does herding bias drive the firm value? Evidence from the Chinese equity market. Sustainability, 11(20), 5583. https://doi:10.3390/su11205583
DOI
|
19 |
Shiller, R. (2003). From efficient markets theory to behavioral finance. The Journal of Economic Perspectives, 17(1), 83-104. https://doi.org/10.1257/089533003321164967
DOI
|
20 |
Christie, W. G., & Huang, R. D. (1995). Following the pied piper: Do individual returns herd around the market?. Financial Analysts Journal, 51(4), 31-37. https://doi.org/10.2469/faj.v51.n4.1918
DOI
|
21 |
Daniel, K. D., & Titman, S. (1999). Market efficiency in an irrational world. Financial Analysts Journal, 55(6), 28-40. https://doi.org/10.2469/faj.v55.n6.2312
DOI
|
22 |
Dehghani, P., & Sapian, R. Z. Z. (2014). Sectoral herding behavior in the aftermarket of Malaysian IPOs. Venture Capital, 16(3), 227-246. https://doi.org/10.1080/13691066.2014.921100
DOI
|
23 |
Demirer, R., & Kutan, A. M. (2006). Does herding behavior exist in Chinese stock markets? Journal of International Financial Markets, Institutions and Money, 16(2), 123-142. https://doi.org/10.1016/j.intfin.2005.01.002
DOI
|
24 |
Diermeier, J., & Solnik, B. (2001). Global pricing of equity. Financial Analyst Journal,57, 37-47. https://doi.org/ 10.2469/faj.v57.n4.2464
DOI
|
25 |
Economou, F., Kostakis, A., & Philippas, N. (2011). Crosscountry effects in herding behavior: Evidence from four South European markets. Journal of International Financial Markets, Institutions and Money, 21, 443-460. https://doi.org/10.1016/j.intfin.2014.05.008
DOI
|
26 |
Fernandez, B., Garcia-Merino, M., Mayoral, R., Santos, M., & Vallelado, G. (2011). Herding, information uncertainty and investors' cognitive profile. Qualitative Research in Financial Markets, 3(1), 7-33. https://doi10.1108/17554171111124595
DOI
|
27 |
Fu, T., & Lin, M. (2010). Herding in China equity market. International Journal of Economics and Finance, 2(2), 148-156. https://doi.org/ 0.5539/ijef.v2n2p148
|
28 |
Statman, M. (1999). Behavioral finance: Past battles and future engagements. Financial Analysts Journal, 55(6), 18-27. https://doi.org/ 10.2469/faj.v55.n6.2311
DOI
|
29 |
Ganesh, R., Naresh, G., & Thiyagarajan, S. (2016). Industry herding behavior in Indian stock market. American Journal of Finance and Accounting, 4(3/4), 284-308. https://doi.org/10.1504/AJFA.2016.080734
DOI
|
30 |
Garg, A., & Gulati, R. (2013). Do investors herd in Indian market? Decision, 40(3), 181-196. https://doi.org/10.1007/s40622-013-0015-z
DOI
|
31 |
Tu, T.-T., & Liao, C.-W. (2020). Block trading based volatility forecasting: An application of VACD-FIGARCH model. Journal of Asian Finance, Economics and Business, 7(4), 59-70. https://doi.org/10.13106/jafeb.2020.vol7.no4.59
DOI
|
32 |
Yao, J., Ma, C., & He, W.P. (2014). Investor herding behavior of Chinese stock market. International Review of Economics and Finance, 29(Jan.), 12-29. https://doi:10.1016/j.iref.2013.03.002
DOI
|
33 |
Zheng, D., Li, H., & Chiang, T. (2017). Herding within industries: Evidence from Asian stock markets. International Review of Economics and Finance, 51(C), 487-509. https://doi: 10.1016/j.iref.2017.07.005
DOI
|
34 |
Harding, D., & Pagan, A.P. (2006). Synchronization of cycles. Journal of Econometrics, 132(1), 59-79. https://doi.org/10.1016/j.jeconom.2005.01.023
DOI
|
35 |
Gebka, B., & Wohar, M. (2013). International herding: does it differ across sectors? Journal of International Financial Markets, Institutions and Money, 23(C), 55-84. https://doi.org/10.1016/j.intfin.2012.09.003
DOI
|
36 |
Go, Y.-H., & Lau, W.-Y. (2014). Asymmetric information spillovers between trading volume and price changes in Malaysian futures market. Journal of Asian Finance, Economics and Business, 1(3), 5-16. https://doi.org/10.13106/jafeb.2014.vol1.no3.5
DOI
|
37 |
Gumbel, A. (2005). Herding in delegated portfolio management: When is comparative performance information desirable? European Economic Review, 49(3), 599-626. https://doi.org/10.1016/j.euroecorev.2003.08.009
DOI
|
38 |
Hedesstrom, M., Gärling, T., Andersson, M., & Biel, A. (2015). Effects of bonuses on diversification in delegated stock portfolio management. Journal of Behavioral and Experimental Finance, 7, 60-70. https://doi.org/ 10.1016/j.jbef.2015.07.001
DOI
|
39 |
Henker, J., Henker, T., &Mitsios, A. (2006). Do investors herd intraday in Australian equities? International Journal of Managerial Finance, 2(3), 196-219. https://doi.org/10.1108/17439130610676475
DOI
|
40 |
IBEF. (2020). Indian FMCG industry in India industry report. Retrieved April 20, 2020 from https://www.ibef.org/industry/fmcg.aspx
|
41 |
Indars, E. R., Savin, A., & Lubloy, A. (2019). Herding behavior in an emerging market: evidence from the Moscow Exchange. Corvinus Economics Working Papers CEWP No. 2019/01. Corvinus University of Budapest, Budapest, Hungary. Retrieved April 20, 2020 from: http://unipub.lib.uni-corvinus.hu/3865/
|
42 |
Jalal, R. N. U. D., Sargiacomo, M., Sahar, N. S., & Fayyaz, U. E. R. (2020). Herding Behaviour and Cryptocurrency: Market Asymmetries, Inter-Dependency and Intra-Dependency. Journal of Asian Finance, Economics and Business, 7(7), 27-34. https://doi.org/10.13106/jafeb.2020.vol7.no7.027
DOI
|
43 |
Banerjee, A. (1992). A simple model of herd behavior. Quarterly Journal of Economics, 107, 797-818.
DOI
|
44 |
Akbar, U. S., Kumar, S., Rajput, O., & Bhutto, N. A. (2019). Do investors herd with industries or markets? Evidence from Pakistan stock exchange. Cogent Economics and Finance, 7(1), 1698089. https://doi.org/10.1080/23322039.2019.1698089
DOI
|
45 |
Andrikopoulos, P., Kallinterakis, V., Ferreira, M. P. L., & Verousis, T. (2017). Intraday herding on a cross-border exchange. International Review of Financial Analysis, 53, 25-36. https://doi.org/10.1016/j.irfa.2017.08.010
DOI
|
46 |
Baddeley, M. (2010). Herding, social influence and economic decision-making: Socio-psychological and neuroscientific analyses. Philosophical Transactions, The Royal Society B, 365(1538), 281-290.
DOI
|
47 |
Keynes, J. M. (1930). A treatise on money. San Diego, CA: Harcourt, Brace and Company
|
48 |
Jalal, R. N. U. D., Zeb, N., & Fayyaz, U. E. R. (2019). The effect of personality traits on employee job satisfaction with moderating role of Islamic work ethics. Journal of Asian Finance, Economics and Business, 6(2), 161-171. https://doi.org/doi:10.13106/jafeb.2019.vol6.no2.161
DOI
|
49 |
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263-291. https://doi.org/10.2307/1914185
DOI
|
50 |
Kapusuzoglu, A. (2011). Herding in the Istanbul stock exchange (ISE): A case of behavioral finance. African Journal of Business Management, 5, 11210-11218. https://doi.org/10.5897/AJBM11.1984
|
51 |
Kumar, A., & Bharti, (2017). Herding in Indian stock markets: An evidence from information technology sector. IOSR Journal of Economics and Finance, 8(1), 01-07.
DOI
|
52 |
Khoshirat, M., & Salari, M. (2011). A study on behavioral finance in Tehran stock exchange: Examination of herd formation. European Journal of Economics, Finance and Administrative Sciences, 32(1), 168-183.
|
53 |
Koenker, R., & Bassett, G. (1978). Regression quantiles. Econometrica, 46(1), 33-50. https://doi:10.2307/1913643
DOI
|
54 |
Kultti, K., & Miettinen, P. (2006). Herding with costly information. International Game Theory Review, 8(1), 21-31. https://doi.org/10.1142/S021919890600076X
DOI
|
55 |
Lakonishok, J., Shleifer, A., & Vishny, R. W. (1992). The impact of institutional trading on stock prices. Journal of Financial Economics, 32(1), 23-43. https://doi.org/10.1016/0304-405X(92)90023-Q
DOI
|
56 |
Lao P., & Singh, H.(2011). Herding behavior in the Chinese and Indian stock markets. Journal of Asian Economics, 22(6), 495-506. https://doi.org/10.1016/j.asieco.2011.08.001
DOI
|