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Status已發表Published
Country herding in the global market
Tao Chen
2020-04
Source PublicationJournal of Behavioral Finance
ABS Journal Level2
ISSN1542-7560
Volume21Issue:2Pages:174-185
Abstract

Using the tick-by-tick transaction data for 41 stock markets, the authors examine whether investors follow each other into and out of the same countries, dubbed country herding. Empirical evidence is sought to substantiate the existence of country herding in international markets regardless of retail and institutional investors. Additional tests suggest that country herding is not simply a reflection of stock herding, industry herding, and market co-movements. Finally, the findings demonstrate that country herding may be partly driven by investigative herding, market stresses, and investor sentiments.

KeywordCountry Herding Brexit Correlated Signals Investor Sentiments
DOI10.1080/15427560.2019.1663852
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics
WOS SubjectBusiness, Finance ; Economics
WOS IDWOS:000490465600001
PublisherTaylor and Francis
Fulltext Access
Citation statistics
Cited Times [WOS]:8   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorTao Chen
AffiliationUniversity of Macau
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Tao Chen. Country herding in the global market[J]. Journal of Behavioral Finance,2020,21(2):174-185.
APA Tao Chen.(2020).Country herding in the global market.Journal of Behavioral Finance,21(2),174-185.
MLA Tao Chen."Country herding in the global market".Journal of Behavioral Finance 21.2(2020):174-185.
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