Brahmana, Rayenda; Hooy, Chee Wooi; Ahmad, Zamri - In: Asian Academy of Management Journal of Accounting and … 8 (2012) 2, pp. 1-20
With regards to determining whether herding is spontaneous and irrational behavior causing the Day-of-the-week anomaly, this paper intersects the Christie and Huang (1995) herd behaviour model with French's (1980) Day-of-the-week model in several layers of tests. We use firm-level data and...
