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Investor psychology in the Bangladesh equity market : an examination of herding behavior across diverse market states

Haque, Muhammad Enamul; Imam, Mahmood Osman - In: Risks : open access journal 13 (2025) 4, pp. 1-29

The results reveal significant evidence of herding in the overall, bearish, and extended crisis market phases during … extreme downturns, while the magnitude of market returns in the tail distribution is considered. Asymmetric herding behavior …, with CSSD proving more effective than CSAD in detecting asymmetric patterns. Notably, herding strongly appears in the COVID …

Persistent link: https://www.econbiz.de/10015408931

Trade clustering and power laws in financial markets

Nirei, Makoto; Stachurski, John; Watanabe, Tsutomu - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1365-1398

This study provides an explanation for the emergence of power laws in asset trading volume and returns. We consider a two-state model with binary actions, where traders infer other traders' private signals regarding the value of an asset from their actions and adjust their own behavior...

Persistent link: https://www.econbiz.de/10012415412

Herd behavior and firm-specific information

Chaiyuth Padungsaksawasdi - In: Cogent economics & finance 8 (2020) 1, pp. 1-19

The study shows critical roles of firm-specific information on herd behavior, which is underexplored in prior literature, albeit an increasing impact of firm-specific information on asset pricing. The main finding demonstrates that three of four selected measures of firm-specific information...

Persistent link: https://www.econbiz.de/10013179692

Fintech, fractional trading, and order book dynamics : a study of US equities markets

Tripathi, Janhavi Shankar; Rengifo, Erick W. - In: FinTech 4 (2025) 2, pp. 1-23

This study investigates how the rise of commission-free FinTech platforms and the introduction of fractional trading (FT) have altered trading behavior and order book dynamics in the NASDAQ equity market. Leveraging high-frequency ITCH data from highly capitalized stocks-AAPL, AMZN, GOOG, and...

Persistent link: https://www.econbiz.de/10015432784

The relationship of aggregate herd behavior and retail investor attention : a multinomial logistic regression

Phasin Wanidwaranan; Chaiyuth Padungsaksawasdi; Jutamas … - In: Thailand and the world economy 43 (2025) 1, pp. 155-163

This paper investigates the relationship between aggregate market herding and investor attention in seven selected … occurrence of herding. Investor attention is positively (negatively) related to (anti-)herd behavior, in which information … obtained from internet searches is associated with rational and unintentional herding. Thus, internet search improves stock …

Persistent link: https://www.econbiz.de/10015373984

Overconfidence bias, self-attribution bias and investor decisions : moderating role of information acquisition

Farrukh Naveed; Taib, Hasniza Mohd - In: Pakistan journal of commerce and social sciences 15 (2021) 2, pp. 354-377

The purpose of this paper is to empirically test the association of behavioral biases like overconfidence bias and self-attribution bias, and information acquisition with individual investors decisions. This study also extends its contributions in understanding the role of information...

Persistent link: https://www.econbiz.de/10012599903

Financial literacy, behavioral traits, and ePayment adoption and usage in Japan

Trinh Quang Long; Morgan, Peter J.; Yoshino, Naoyuki - In: Financial innovation : FIN 9 (2023) 1, pp. 1-30

This study investigates how financial literacy and behavioral traits affect the adoption of electronic payment (ePayment) services in Japan. We construct a financial literacy index using a representative sample of 25,000 individuals from the Bank of Japan's 2019 Financial Literacy Survey. We...

Persistent link: https://www.econbiz.de/10014289134

Herding behaviour in cryptocurrency and emerging financial markets

Omane-Adjepong, Maurice; Alagidede, Imhotep Paul; … - In: Cogent economics & finance 9 (2021) 1, pp. 1-14

The letter examines herding in the most liquid cryptocurrency markets relative to traditional financial markets of 10 …

Persistent link: https://www.econbiz.de/10013184050

Herding behavior in developed, emerging, and frontier European stock markets during COVID-19 pandemic

Bogdan, Siniša; Suštar, Natali; Olgić Draženović, … - In: Journal of risk and financial management : JRFM 15 (2022) 9, pp. 1-12

implications for financial stability. Moreover, this phenomenon may be even more pronounced in times of crisis. Although herding is …

Persistent link: https://www.econbiz.de/10013399747

Impact of liquidity and investors sentiment on herd behavior in cryptocurrency market

Bogdan, Siniša; Brmalj, Natali; Mujačević, Elvis - In: International Journal of Financial Studies : open … 11 (2023) 3, pp. 1-17

. The results show different outcomes for cryptocurrencies of different sizes, consistently demonstrating that the herding … prevalence of herding behavior in optimistic times for all cryptocurrencies, regardless of their market capitalization …

Persistent link: https://www.econbiz.de/10014419428