Demir, Nazmi; Mahmud, Syed F.; Solakoglu, M. Nihat - In: Risk management post financial crisis : a period of …, (pp. 389-400). 2014
This study searches for sentimental herding in Borsa Istanbul (BIST) during the last decade using a state-space model employing cross-section standard deviations of systematic risk (Beta). It has been found that herding toward the market in the BIST-100 is both statistically significant and...