Herding Behaviours in Poland and Tanzania
Dorika Jeremiah Mwamtambulo ()
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Dorika Jeremiah Mwamtambulo: Wroclaw University of Economics
No 9011210, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences
Over the years the USA markets have shown a strong resilient to herding behaviours while mixed results or consistent herding behaviours have been observed in other markets around the world. This study aimed at providing the most recent evidence of herding behaviours in two of such markets. Using data from Poland and Tanzania and CSAD approach, the findings showed no significant market herding behaviours in Poland during the period and during the up and down markets. Except for Informatics, all other industries showed significant industry herding behaviours and during the up and down markets. On the other hand, no market herding behaviours were observed in Tanzania during the period, during the up and down markets. No industrial herding behaviours were observed in the two industries. During this period Poland had experienced an increase in industry herding behaviours while Tanzania have experienced a decline in market herding behaviours in the market.
Keywords: Herding Behaviours; Behavioural Finance; Up and Down Markets; Trade Volume; Industry Portfolios; Poland Stock Market; Tanzania Stock Market (search for similar items in EconPapers)
JEL-codes: G02 G10 G12 (search for similar items in EconPapers)
Pages: 14 pages
New Economics Papers: this item is included in nep-fmk
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Published in Proceedings of the Proceedings of the 45th International Academic Conference, London, Jun 2019, pages 175-188
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https://iises.net/proceedings/iises-international- ... 90&iid=028&rid=11210 First version, 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:9011210
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