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Pregled bibliografske jedinice broj: 1213115

Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic


Bogdan, Siniša; Natali, Suštar; Bojana, Olgić Draženović
Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic // Journal of risk and financial management, 15 (2022), 9; 1-12 doi:10.3390/jrfm15090400 (međunarodna recenzija, članak, znanstveni)


CROSBI ID: 1213115 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic

Autori
Bogdan, Siniša ; Natali, Suštar ; Bojana, Olgić Draženović

Izvornik
Journal of risk and financial management (1911-8066) 15 (2022), 9; 1-12

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
behavioral finance ; herd behavior ; CSAD ; CSSD ; crisis

Sažetak
The behavior of market participants often does not rely on market signals, but replicates the investment decisions of other parties. The convergence of their investment behavior leads to the emergence of herd behavior with negative implications for financial stability. Moreover, this phenomenon may be even more pronounced in times of crisis. Although herding is an interesting topic which invites the interest of academic researchers, it still has not been sufficiently studied in terms of comparing the herd effect between differently developed stock markets. The first objective of this research was to determine the herd behavior during the COVID-19 pandemic using static and rolling regression analysis. The second objective was to investigate whether the herd behavior was triggered by the pandemic, while the third objective was to compare the differences in herd behavior between differently developed European stock markets. The results show that this phenomenon is most pronounced in emerging markets, followed by frontier markets and developed markets. Therefore, the results of this study are of particular importance for individual and institutional investors to achieve efficient risk diversification and for financial authorities to establish rules and avoid an increase in herd behavior

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
NadSve-Sveučilište u Rijeci-uniri-drustv-18-61 - Efikasnost i regulacija financijskih institucija u funkciji razvoja hrvatskog gospodarstva (Olgić Draženović, Bojana, NadSve - Natječaj za dodjelu sredstava potpore znanstvenim istraživanjima na Sveučilištu u Rijeci za 2018. godinu - projekti iskusnih znanstvenika i umjetnika (03.09.2018.)) ( POIROT)

Poveznice na cjeloviti tekst rada:

Pristup cjelovitom tekstu rada doi www.mdpi.com

Citiraj ovu publikaciju:

Bogdan, Siniša; Natali, Suštar; Bojana, Olgić Draženović
Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic // Journal of risk and financial management, 15 (2022), 9; 1-12 doi:10.3390/jrfm15090400 (međunarodna recenzija, članak, znanstveni)
Bogdan, S., Natali, S. & Bojana, O. (2022) Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic. Journal of risk and financial management, 15 (9), 1-12 doi:10.3390/jrfm15090400.
@article{article, author = {Bogdan, Sini\v{s}a and Natali, Su\v{s}tar and Bojana, Olgi\'{c} Dra\v{z}enovi\'{c}}, year = {2022}, pages = {1-12}, DOI = {10.3390/jrfm15090400}, keywords = {behavioral finance, herd behavior, CSAD, CSSD, crisis}, journal = {Journal of risk and financial management}, doi = {10.3390/jrfm15090400}, volume = {15}, number = {9}, issn = {1911-8066}, title = {Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic}, keyword = {behavioral finance, herd behavior, CSAD, CSSD, crisis} }
@article{article, author = {Bogdan, Sini\v{s}a and Natali, Su\v{s}tar and Bojana, Olgi\'{c} Dra\v{z}enovi\'{c}}, year = {2022}, pages = {1-12}, DOI = {10.3390/jrfm15090400}, keywords = {behavioral finance, herd behavior, CSAD, CSSD, crisis}, journal = {Journal of risk and financial management}, doi = {10.3390/jrfm15090400}, volume = {15}, number = {9}, issn = {1911-8066}, title = {Herding Behavior in Developed, Emerging, and Frontier European Stock Markets during COVID-19 Pandemic}, keyword = {behavioral finance, herd behavior, CSAD, CSSD, crisis} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Emerging Sources Citation Index (ESCI)
  • EconLit


Citati:





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