scholarly journals A Comparative Study on the Herd Behavior of Chinese Equity and Partial Equity Hybrid Funds-Empirical Analysis Based on Market Fluctuations

2020 ◽  
Vol 7 (6) ◽  
pp. 49
Author(s):  
Jingyu Liu ◽  
Mingyang Liu
Keyword(s):  
Empirical Study ◽  
Comparative Study ◽  
Empirical Analysis ◽  
Stock Exchange ◽  
Composite Index ◽  
Fourth Quarter ◽  
Herd Behavior ◽  
Volatility Index ◽  
Equity Funds ◽  
Position Data

This paper uses the LSV model and the VOL volatility index, as well as the quarterly position data of equity funds and partial equity hybrid funds from the first quarter of 2007 to the fourth quarter of 2019 to conduct an empirical study on the herd behavior of both kinds of funds. Then establish a connection with the volatility of the Shanghai Stock Exchange over the same period. The results show that the overall trend of herd behavior between equity funds and partial equity hybrid funds is almost completely opposite. Equity funds have a stronger herd behavior in buying, while partial equity hybrid funds have a stronger herd behavior in selling. Meanwhile, when the volatility of the Shanghai Composite Index increased significantly, the herd behavior in selling both increased.

scholarly journals Empirical Analysis of Herd Behavior in Pakistan Stock Exchange

2019 ◽  
Vol 37 (1) ◽  
pp. 147
Author(s):  
Farhan Ahmed ◽  
Deepak Karira
Keyword(s):  
Empirical Analysis ◽  
Stock Exchange ◽  
Herd Behavior

Este estudio intenta analizar e identificar la presencia de comportamiento de rebaño entre los inversores, utilizando los rendimientos diarios de 387 acciones que cotizan en la Bolsa de Valores de Pakistán (PSX) desde el 1 de enero de 2009 hasta el 31 de diciembre de 2017. También investiga las diferencias en el comportamiento de los inversores en diferentes condiciones de mercado y en diferentes sectores listados en PSX. El estudio utiliza el modelo CSAD (dispersión seccional absoluta) propuesto por (Chang et al., 2000) para probar la presencia de comportamiento de pastoreo en PSX. Los resultados del estudio no respaldan la existencia generalizada de pastoreo en la Bolsa de Valores de Pakistán en general, mientras que el análisis sectorial (específico de la industria) revela evidencia de pastoreo en 4 sectores que figuran en la Bolsa de Valores de Pakistán.

scholarly journals Evaluation The Efficiency And Effectiveness of The Iraq stock Exchange -An Empirical Study From July 2004 to March 2008–

2009 ◽  
Vol 15 (56) ◽  
pp. 1
Author(s):  
موسى خلف عواد ◽  
علي جيران عبد العلي
Keyword(s):  
Random Walk ◽  
Empirical Study ◽  
Random Process ◽  
Empirical Analysis ◽  
Stock Exchange ◽  
Efficient Market Hypothesis ◽  
Economic Indicators ◽  
Multifactor Model ◽  
Random Walk Hypothesis ◽  
Efficiency And Effectiveness

 The aim of this study was to provide an overall assessment to the efficiency of the Iraq stocks exchanges (ISE) through specifying well –known models .First, Fama's efficient market hypothesis as a contrary concept to the random walk hypothesis, was performed and it has been found that ISE follows the random process, so the price of the shares can't be predicated on the basis of past information. Second,we use a multifactor model, which so named multiple regression, to explore the link between ISE  and the main economic indicators. our empirical analysis finds that every weak associations exists between major ISE measures and main economic indicators.

The Word Class Adjective in English Business Magazines Online

2018 ◽  
Vol 6 (2) ◽  
pp. 99-115
Author(s):  
Borislav Marušić ◽  
Sanda Katavić-Čaušić
Keyword(s):  
Empirical Study ◽  
Empirical Analysis ◽  
Word Formation ◽  
Word Class ◽  
Business English ◽  
Starting Point ◽  
Comprehensive Picture ◽  
English Syntax ◽  
The Empirical Analysis ◽  
Insight Into

Abstract The aim of this paper is to research the word class adjective in one sequence of the ESP: Business English, more precisely English business magazines online. It is an empirical study on the corpus taken from a variety of business magazines online. The empirical analysis allows a comprehensive insight into the word class adjective in this variety of Business English and makes its contribution to English syntax, semantics and word formation. The syntactic part analyses the adjective position in the sentence. The semantic part of the study identifies the most common adjectives that appear in English business magazines online. Most of the analysis is devoted to the word formation of the adjectives found in the corpus. The corpus is analysed in such a way that it enables its division into compounds, derivatives and conversions. The results obtained in this way will give a comprehensive picture of the word class adjective in this type of Business English and can act as a starting point for further research of the word class adjective.

META-ANALYSIS ON AMERICAN PRESIDENTIAL ELECTION - 2016 AND AMERICAN STOCK MARKET

2020 ◽  
Vol 38 (1) ◽  
Author(s):  
Farhan Ahmed ◽  
Salman Bahoo ◽  
Sohail Aslam ◽  
Muhammad Asif Qureshi
Keyword(s):  
Content Analysis ◽  
Stock Market ◽  
Event Study ◽  
Presidential Election ◽  
Republican Party ◽  
Stock Exchange ◽  
Meta Analysis ◽  
Composite Index ◽  
Stock Index ◽  
Political Event

This paper aims to analyze the efficient stock market hypothesis as responsive to American Presidential Election, 2016. The meta-analysis has been done combining content analysis and event study methodology. The all major newspapers, news channels, public polls, literature and five important indices as Dow Jones Industrial Average (DJIA), NASDAQ Stock Market Composit Indexe (NASDAQ-COMP), Standard & Poor's 500 Index (SPX-500), New York Stock Exchange Composite Index (NYSE-COMP) and Other U.S Indexes-Russell 2000 (RUT-2000) are critically examined and empirically analyzed. The findings from content analysis reflect that stunned winning of Mr Trump from Republican Party worked as shock for American stock market. From event study, findings confirmed that all the major indices reflected a decline on winning of Trump and losing of Ms. Clinton from Democratic. The results are supported empirically and practically through the political event like BREXIT that resulted in shock to Global stock index and loss of $2 Trillion.

Risk and Return of Retail Sukuk and Retail Bond in Indonesia Period 2008-2017 (Comparative Study)

2020 ◽  
Vol 15 (1) ◽  
Author(s):  
Rahma Yudi Astuti ◽  
Asad Arsya Brilliant Fani
Keyword(s):  
Standard Deviation ◽  
Comparative Study ◽  
Stock Exchange ◽  
Secondary Data ◽  
Bond Market ◽  
Bond Pricing ◽  
Risk And Return ◽  
Underlying Asset ◽  
The Real ◽  
The World

Sukuk and Bonds has differences and similarities. Fundamental differences between sukuk and bonds are first, underlying asset in every sukuk issuance, concept of profit loss sharing and the use of Islamic contracts. Whereas conducted research in practice of differences between sukuk and bonds are still an on-going discussion. This study aims to add the evidence in the discussion regarding whether there is differences between sukuk and bonds in the world of practice, provide investment preferences as well as educating investors in choosing sukuk or bonds as a sustainable and smooth instrument. The method used is Mann Whitney U-Test to test whether there is a different between yield to maturity (return) and standard deviation (risk) of both instruments. Using secondary data of Retail Sukuk (SR) and Retail Bonds (ORI) period 2008-2017 obtained from Indonesia Stock Exchange, Indonesia Bond Market Directory and Indonesia Bond Pricing Agency. The result shows that there is no significance difference of retail sukuk return and risk with retail bonds in Indonesia. Besides retail bonds are show higher return than retail sukuk because of higher coupon and longest mature date. While, retail sukuk is more stable rather than bonds as it backed up by the real underlying asset. Keywords: Retail Sukuk (SR), Retail Bonds (ORI), Yield to Maturity

An Empirical Study of Investor Attitudinal Factors Influencing Herd Behavior: Evidence from Pakistan Stock Exchange

2019 ◽  
Vol 12 (1) ◽  
pp. 1-11
Author(s):  
Faid Gul ◽  
Karamat Khan
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Psychological Factors ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Primary Data ◽  
Herd Behavior ◽  
Individual Investor ◽  
Decision Accuracy ◽  
Attitudinal Factors

Behavioral Finance is an evolving field that studies how psychological factors affect decision making under uncertainty. Herding behavior is one of the psychological factors that instigate investor to mimic the actions of other investors in the market rather than using his personal assessments. This study seeks to find the influence of certain attitudinal factors namely, decision conformity, hasty decision, mood, decision accuracy, and overconfidence, on the individual investor tendency to embrace herd behavior. Primary data for the study are collected using structured questionnaires from a sample of 194 investors who are trading at Islamabad and Lahore branches of Pakistan Stock Exchange. Multiple linear regression analysis is used to test the hypotheses of this study. Findings of this study provide evidence that attitudinal factors have a significant influence on investor’s tendency to take on herd behavior. It is concluded from the results of multiple linear regression that decision conformity, mood, and decision accuracy have a significant impact on individual investor tendency to adopt herd behavior. However, investor hasty decision and overconfidence is insignificant predictors of herd behavior. Keywords: Decision conformity, Hasty decision, Mood, Decision accuracy, Overconfidence, Herd behavior

Sign in / Sign up

Export Citation Format

Share Document