Herd behavior and market stress: The case of four European countries

Haroon Khan, Slim Hassairi and Jean-Laurent Viviani ()
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Haroon Khan: CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon
Slim Hassairi: AMU IMPGT - Institut de management public et de gouvernance territoriale - AMU - Aix Marseille Université

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Abstract: Despite the number of studies that have been carried out on the stock markets, quite a rare have in particular analyzed the tendency of herd behavior of countries in the European Union. Therefore, the emphasis is traditionally put on Asian countries and the United States. The detection of the herding phenomena is particularly made with subjective or extrapolative techniques. Consequently, our study is relevant on two levels since that, on one hand, it focuses on European countries and, on the other hand, it aims to verify the existence or non existence of the herding phenomena according to the method elaborated by (Hwang, S; Salmon, M (2000, 2004,2008).

Keywords: International capital markets; herd behavior; equity return dispersion; international finance (search for similar items in EconPapers)
Date: 2011
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00657380v1
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Citations: View citations in EconPapers (17)

Published in International Business Research, 2011, 4 (3), pp.53-67. ⟨10.5539/ibr.v4n3p53⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00657380

DOI: 10.5539/ibr.v4n3p53

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