Herding behaviour and sentiment: Evidence in a small European market
Fuente:
Redalyc
Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Asociación Española de Profesores Universitarios de Contabilidad
2015
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1876470167596171264 |
|---|---|
| author | Elisabete F. Simões Vieira |
| author_facet | Elisabete F. Simões Vieira |
| contents | Herding behaviour and sentiment: Evidence in a small European market Elisabete F. Simões Vieira Márcia S. Valente Pereira Economía y Finanzas Capital market Herding behaviour Behavioural finance Information cascades This work studies herding behaviour in a small European market, by analysing the stocks that constituted the Portuguese stock PSI-20 index, for the period between 2003 and 2011. The two different approaches used to measure herding intensity led to different results, suggesting that measurements of the herding phenomenon are sensitive to the method used. Consequently, there is a need for further research into the methodology used to test this phenomenon. Additionally, the study analyses the relationship between herd behaviour and investor sentiment, an area that has been little explored. In applying causality tests to the impact of sentiment on herd behaviour, only weak evidence is found that sentiment influences herding. 2015 artículo científico 1138-4891 https://www.redalyc.org/articulo.oa?id=359736898008 en http://www.redalyc.org/revista.oa?id=3597 Revista de Contabilidad application/pdf Asociación Española de Profesores Universitarios de Contabilidad Revista de Contabilidad (España) Num.1 Vol.18 |
| format | Artículo científico |
| id | redalyc_359736898008 |
| institution | Redalyc |
| language | en |
| publishDate | 2015 |
| publisher | Asociación Española de Profesores Universitarios de Contabilidad |
| spellingShingle | Herding behaviour and sentiment: Evidence in a small European market Elisabete F. Simões Vieira Economía y Finanzas Capital market Herding behaviour Behavioural finance Information cascades Herding behaviour and sentiment: Evidence in a small European market Elisabete F. Simões Vieira Márcia S. Valente Pereira Economía y Finanzas Capital market Herding behaviour Behavioural finance Information cascades This work studies herding behaviour in a small European market, by analysing the stocks that constituted the Portuguese stock PSI-20 index, for the period between 2003 and 2011. The two different approaches used to measure herding intensity led to different results, suggesting that measurements of the herding phenomenon are sensitive to the method used. Consequently, there is a need for further research into the methodology used to test this phenomenon. Additionally, the study analyses the relationship between herd behaviour and investor sentiment, an area that has been little explored. In applying causality tests to the impact of sentiment on herd behaviour, only weak evidence is found that sentiment influences herding. 2015 artículo científico 1138-4891 https://www.redalyc.org/articulo.oa?id=359736898008 en http://www.redalyc.org/revista.oa?id=3597 Revista de Contabilidad application/pdf Asociación Española de Profesores Universitarios de Contabilidad Revista de Contabilidad (España) Num.1 Vol.18 |
| title | Herding behaviour and sentiment: Evidence in a small European market |
| topic | Economía y Finanzas Capital market Herding behaviour Behavioural finance Information cascades |
| url | https://www.redalyc.org/articulo.oa?id=359736898008 |