Caporale, Guglielmo Maria; Philippas, Nikolaos; … - In: Economics Bulletin 7 (2008) 17, pp. 1-13
This paper examines herd behaviour in extreme market conditions using data from the Athens Stock Exchange. We test for the presence of herding as suggested by Christie and Huang (1995) and Chang, Cheng, and Khorana (2000). Results based on daily, weekly and monthly data indicate the existence of...
