This article examines the impact of the invasion of Ukraine on the cryptocurrency market and herding behavior. We find that during the invasion period, the cryptocurrency market exhibited herding behavior, whereas beforehand, it was not the case. We also examine the interaction between the...

This study tried to document Herding Behavior in the stock market of Bangladesh following the investigation of Paulo Leo and Harmindar Singh (2010). Following the methodology and approach of Chang et al. (2000) and Tan et al. (2008), this study used the Cross-Sectional Absolute Deviation (CSAD)...

The paper probes the sector-wise presence of volatility persistence, herding behavior and corresponding implications on investors and policymakers in the Oceania region both in Pre-COVID & Post-COVID era. The inspection is based on seven identical sectors from both Australia and New Zealand...

This paper analyzes the herding behavior that characterizes lenders’ lending decisions on a microloan platform and explains how rational herding behavior can resolve the information-asymmetry problem, which is a well-known reason for the failure of online microloan platforms. Using a set of...

This paper investigates whether herd behaviour states (intense/adverse) affect stock market returns using a fixed effects model to capture cross-sectional and time variability covering the European region. We show that herd behaviour negatively impacts stock returns on average. From December...

We apply two state-space models based on the cross-sectional dispersion of the factor sensitivities of securities for extracting the time series of herding towards the market, size/growth (SMB), value (HML), operating profitability (RMW), investment (CMA) and momentum (WML) factors. The sample...

This study investigates high-frequency herding behavior in TOPIX 100 index-listed stocks and its impact on stock prices over different time horizons around tick size reduction on the Tokyo Stock Exchange. Our results show that high-frequency herding exists, especially at very short time...

We uncover a negative correlation between macroeconomic uncertainty and security analyst earning forecasts dispersion, and explain it through herding behavior bias of the analysts. We find that the herding firms, whose analysts suffer the herding bias, have greater firm-level uncertainty than...

This study examines peer influence, and its underlying motives, on environmental protection performance. We find consistent evidence of peer effects on environmental protection performance among Chinese firms. When the average environmental protection score of industry peers increases by one...