Does herding behavior exist in Chinese stock markets

By Riza Demirer, Ali M. Kutan. 2006

447 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/9d894b3ad072464338c71b6985fe27997026df3c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. T. C. Chiang
2. A. Mobarek
3. Kevin Keasey
4. Sabur Mollah
5. Dazhi Zheng
6. Shu-Fan Hsieh
7. Jiandong Li
8. Lin Tan

In Finance

1. T. C. Chiang
2. A. Mobarek
3. Kevin Keasey
4. Sabur Mollah
5. Dazhi Zheng
6. Jiandong Li
7. Lin Tan
8. Edward F. Nelling

Citations in the corpus

• Does herding affect volatility? Implications for the Spanish stock market (2012, background): “Some authors have recently suggested new explanations such as the degree of institutional ownership, the quality of the information released, dispersion of investor beliefs or the presence of uninformed investors, among others (Demirer and Kutan 2006 , Henker et al .”
• Impact of herding behavior and overconfidence bias on investors’ decision-making in Pakistan (2019, unknown): “Demirer and Kutan (2006) studied the impact of herding information in Chinese market by using individual and sector level data.”
• Differences in herding: Individual vs. institutional investors (2017, unknown): “Notably, using return-based herding measure of Christie and Huang (1995), Demirer and Kutan (2006) find no evidence of herding in the Chinese A share markets between 1999 and 2002.”
• An empirical analysis of herd behavior in global stock markets (2010, methodology): “Turing to the Chinese markets, Demirer and Kutan (2006) investigate whether investors in Chinese markets, in making their investment decisions, are following market consensus rather than private information during periods of market stress.”
• Do investors exhibit behavioral biases in investment decision making? A systematic review (2018, methodology): “Besides this, cross-sectional standard deviation (Demirer and Kutan, 2006), multivariate regression (Kothari, 2009, p. 130, pp. 318-319) augmented dickey-fuller (ADF) test (Stock andWatson, 2004), Mann–Whitney test (Levin and Rubin, 2001, p. 793, p. 801, p. 802, p. 839), Kolmogorov–Smirnov test…”
• Herding behaviour in energy stock markets during the Global Financial Crisis, SARS, and ongoing COVID-19* (2020, unknown): “, 2014, 2017 [45]; Ulussever and Demirer, 2017) [21].”
• Cross-country effects in herding behaviour: Evidence from four south European markets (2011, unknown): “well undermine financial stability (Demirer and Kutan, 2006). Pedersen (2009) provides a”
• Individual and institutional herding and the impact on stock returns: Evidence from Taiwan stock market (2013, background): “One group of the literature examines the existence of herding from the view of the whole market (e.g., Chang, Cheng, & Khorana, 2000; Chiang & Zheng, 2010; Christie & Huang, 1995; Demirer & Kutan, 2006; Lao & Singh, 2011).”
• A cross-country analysis of herd behavior in Europe (2014, methodology): “We mainly follow Economou et al. (2011), who apply the Chang et al.”
• Empirical investigation of herding behavior in Chinese stock markets: Evidence from quantile regression analysis (2010, background): “to the report provided by Demirer and Kutan (2006), who find no evidence of herding when they apply daily data for 375 Chinese stocks from 1999 to 2002.”
• Dynamic Herding Behavior in Pacific-Basin Markets: Evidence and Implications (2013, background): “Detecting herding behavior by investors Conventional studies in the herding literature (Christie and Huang, 1995; Chang et al., 2000; Hwang and Salmon, 2004; Gleason, et al., 2004; Demirer and Kutan, 2006; and Tan et al., 2008) assume that investors act on common beliefs emerging from the market or ”