...Manuel Lobato; Javier Rodríguez; Herminio Romero-Perez Purpose This study aims to examine the herding behavior of socially responsible exchange traded funds (SR ETFs) in comparison to conventional ETFs during the COVID-19 pandemic. Design/methodology/approach To test for herding behavior...

.... This process is suited for estimating behavioural parameters of the agents, i.e. long-term mean, speed of mean reversion and herding behaviour. These parameters are used in the forecast of speculative bubbles and realised volatility. Sentiment indicator Behavioural models Herding Speculative bubbles...

... finance seems to be timely and particularly important in terms of providing a guide for future research. Key topics include an extent review on the issue of herding behaviour amongst cryptocurrencies, momentum effects and overreaction, contagion effect, sentiment and uncertainty, along with studies...

...Preeti Goyal; Poornima Gupta; Vanita Yadav Purpose The purpose of this paper is to explore how heuristics are formed and whether herding and prospect theory act as antecedents to heuristics. The relationship is explored specifically for millennials. Design/methodology/approach The proposed...

...Muskan Sachdeva; Ritu Lehal; Sanjay Gupta; Aashish Garg Purpose In recent years, significant research has focused on the question of whether severe market periods are accompanied by herding behavior. As herding behavior is a considerable cause of the speculative bubble and leads to stock market...

... patterns and behavioural fallacies in the crypto market. Therefore, the present study aims to examine the herd behaviour in a newly evolved cryptocurrency market during normal, skewed, Bitcoin bubble and COVID-19 phases. It, then, investigates the significance of Bitcoin in driving herding bias...

...Nektarios Gavrilakis; Christos Floros Purpose The purpose of this paper is to identify whether heuristic and herding biases influence portfolio construction and performance in Greece. The current research determines the situation among investors in Greece, a country with several economic problems...

...Vijay Kumar Shrotryia; Himanshi Kalra Purpose The present study looks into the mimicking behaviour in both normal and asymmetric scenarios. It, then, considers the contagion between the USA and the BRICS stock markets. Finally, it examines herd behaviour in the wake of a major banking policy...

.... (2000) measure to calculate herding that is based on cross-section absolute dispersion of stock returns (CSAD). We further analyse the nature of the same in different market regimes, that is up market, down market, high volatile market, low volatile market etc. Findings Applying different...

... are quite sensitive to market conditions but the crash of momentum returns is partly predictable. Return seasonality, risk and herding also provide partial explanation of the momentum profits. Originality/value The authors are the first to compare the performances of the pairs trading strategy of Gatev...

...Saurabh Gupta; Saumitra N. Bhaduri Purpose The purpose of this paper is to investigate investor behavior under two broad categories, market-wide sentiment and herding. Design/methodology/approach Using a dynamic factor model, that extracts distinct latent factors representing fluctuations...

...Fotini Economou Purpose The purpose of this paper is to examine herding in four frontier markets in the Balkan region, namely, Bulgaria, Croatia, Romania and Slovenia, from October 2000 to December 2016. Design/methodology/approach The author employs Chang et al.’s (2000) cross...

...Stavros Stavroyiannis; Vassilios Babalos Purpose Motivated by the ongoing debate on the existence and magnitude of herding in financial markets, the purpose of this paper is to examine Eurozone stock markets for herding behavior. In the context of the present study, the authors seek for herding...

...Josine Uwilingiye; Esin Cakan; Riza Demirer; Rangan Gupta Purpose The purpose of this paper is to examine intentional herding among institutional investors with a particular focus on the technology sector that was the driver of the “New Economy” in the USA during the dot-com bubble of the 1990s...

.... Findings Many financial settings foster situations where informational cascades and herding are likely. Cascades remain mainly an area of experimental research, leaving the empirical evidence inconclusive. Existing measures have limitations that do not allow for a direct test of cascading behaviour. More...

...Panagiotis Andrikopoulos; Andreas Albin Hoefer; Vasileios Kallinterakis Purpose – The purpose of this paper is to present and empirically test for the first time the hypothesis that herding in a market increases following the market's merger in an exchange group. Design/methodology/approach...

...Spyros Spyrou Purpose – The purpose of this paper is to provide a review of theory and empirical evidence on herding behavior in financial markets. Design/methodology/approach – Review and discussion of the literature. Findings – More than two decades of empirical and theoretical...

... herding in business professionals. Design/methodology/approach – The paper adopts the Hirshleifer and Hong Teoh (2003) definition of herding as “any behavior similarity/dissimilarity brought about by the interaction of individuals.” In the controlled environment of a professional business seminar...