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Herd Behavior in Global Equity Markets by Sivakumar Ganesan is a document available to read on EtoBox.
This paper investigates herd behavior among equity market participants in various international markets, including the U.S., Hong Kong, Japan, South Korea, and Taiwan. The findings indicate no significant herding in the U.S. and Hong Kong, partial evidence in Japan, and strong evidence of herding in the emerging markets of South Korea and Taiwan, particularly influenced by macroeconomic information. The study also highlights that during market upswings, the rate of increase in return dispersion is greater t
- Author
- Sivakumar Ganesan
- Language
- EN