EN
Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets
Abstract
This study presents four main contributions to the literature of behavior herding. Firstly, it extends the behavioral researches of herding of the investors on a developed market and mainly on a European market as a whole. Secondly, we are interested in examination of herding behavior at the level of sectors by using data at the levels of companies. Thirdly, this document estimates the implications of herding behavior in terms of returns, volatility and volume of transaction. Fourthly, the herding behavior is revealed as well during the period of the recent global financial crisis in 2007-2008 and of Asian crisis. Our results reveal a strong evidence of herding behavior sharply contributed to a bearish situation characterized by a strong volatility and a trading volume. The repercussion of herding during the period of the recent financial crisis is clearly revealed for the sectors of the finance and the technology.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
March 1, 2013
Submission Date
March 1, 2013
Acceptance Date
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Published in Issue
Year 2013 Volume: 3 Number: 1
APA
Ouarda, M., Bouri, A. E., & Bernard, O. (2013). Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. International Journal of Economics and Financial Issues, 3(1), 214-228. https://izlik.org/JA47WY99EH
AMA
1.Ouarda M, Bouri AE, Bernard O. Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. IJEFI. 2013;3(1):214-228. https://izlik.org/JA47WY99EH
Chicago
Ouarda, Moatemri, Abdelfatteh El Bouri, and Olivero Bernard. 2013. “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”. International Journal of Economics and Financial Issues 3 (1): 214-28. https://izlik.org/JA47WY99EH.
EndNote
Ouarda M, Bouri AE, Bernard O (March 1, 2013) Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. International Journal of Economics and Financial Issues 3 1 214–228.
IEEE
[1]M. Ouarda, A. E. Bouri, and O. Bernard, “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”, IJEFI, vol. 3, no. 1, pp. 214–228, Mar. 2013, [Online]. Available: https://izlik.org/JA47WY99EH
ISNAD
Ouarda, Moatemri - Bouri, Abdelfatteh El - Bernard, Olivero. “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”. International Journal of Economics and Financial Issues 3/1 (March 1, 2013): 214-228. https://izlik.org/JA47WY99EH.
JAMA
1.Ouarda M, Bouri AE, Bernard O. Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. IJEFI. 2013;3:214–228.
MLA
Ouarda, Moatemri, et al. “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”. International Journal of Economics and Financial Issues, vol. 3, no. 1, Mar. 2013, pp. 214-28, https://izlik.org/JA47WY99EH.
Vancouver
1.Moatemri Ouarda, Abdelfatteh El Bouri, Olivero Bernard. Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. IJEFI [Internet]. 2013 Mar. 1;3(1):214-28. Available from: https://izlik.org/JA47WY99EH