BibTex RIS Cite

Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets

Year 2013, Volume: 3 Issue: 1, 214 - 228, 01.03.2013

Moatemri Ouarda Abdelfatteh El Bouri Olivero Bernard

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

Herding behavior European financial markets Financial crisis Cross-sectional returns

Year 2013, Volume: 3 Issue: 1, 214 - 228, 01.03.2013

Moatemri Ouarda Abdelfatteh El Bouri Olivero Bernard

Abstract

There are 0 citations in total.

Details

Other ID JA38SR63ST
Journal Section Research Article
Authors

Moatemri Ouarda This is me

Abdelfatteh El Bouri This is me

Olivero Bernard This is me

Publication Date March 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 1

Cite

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.
AMA Ouarda M, Bouri AE, Bernard O. Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. IJEFI. March 2013;3(1):214-228.
Chicago Ouarda, Moatemri, Abdelfatteh El Bouri, and Olivero Bernard. “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”. International Journal of Economics and Financial Issues 3, no. 1 (March 2013): 214-28.
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 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, 2013.
ISNAD Ouarda, Moatemri et al. “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”. International Journal of Economics and Financial Issues 3/1 (March 2013), 214-228.
JAMA 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, 2013, pp. 214-28.
Vancouver Ouarda M, Bouri AE, Bernard O. Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets. IJEFI. 2013;3(1):214-28.