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

Moatemri Ouarda; Abdelfatteh El Bouri; Olivero Bernard

EN

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

Öz

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.

Anahtar Kelimeler

Herding behavior, European financial markets, Financial crisis, Cross-sectional returns

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Moatemri Ouarda Bu kişi benim

Abdelfatteh El Bouri Bu kişi benim

Olivero Bernard Bu kişi benim

Yayımlanma Tarihi

1 Mart 2013

Gönderilme Tarihi

1 Mart 2013

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2013 Cilt: 3 Sayı: 1

IZ

https://izlik.org/JA47WY99EH

Kaynak Göster

RIS / Bibtex

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, ve 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 (01 Mart 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, ve O. Bernard, “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”, IJEFI, c. 3, sy 1, ss. 214–228, Mar. 2013, [çevrimiçi]. Erişim adresi: 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 (01 Mart 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, vd. “Herding Behavior Under Markets Condition: Empirical Evidence on the European Financial Markets”. International Journal of Economics and Financial Issues, c. 3, sy 1, Mart 2013, ss. 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]. 01 Mart 2013;3(1):214-28. Erişim adresi: https://izlik.org/JA47WY99EH