The main purpose of this study was to test the effect COVID-19 pandemic on presence herding behavior in Amman stock exchange at market-level and industry-level. This quantitative covered five years three months before (from January 2015 March 2020) eight during May December 2020). cross-sectional absolute deviation (CSAD) used market its sectors. Study results suggested that has no Jordanian both

Abstract This paper tests how financial performance indicators and combined ESG score for large-cap stocks impact on stock return. In particular, we examine market capitalization, price to book value, Sharpe ratio of firms in Europe are related their performance. We consider a panel data consisting six European countries—Portugal, Italy, Greece, Spain, France Germany—for the period 2010–2020. F...

This article investigates whether herding behavior is present in stock returns of business groups during the COVID-19 pandemic. Using series prices and daily traded volume companies that make up General Index Stock Prices Santiago de Chile Exchange (S&P/CLIGPA) from January 1, 2010 to October 9, 2020 results show COVID-19. Nevertheless, weaker group firms compared which are not affiliated g...

We study herd behavior in a laboratory financial market with financial market professionals. An important novelty of the experimental design is the use of a strategy-like method. This allows us to detect herd behavior directly by observing subjects’ decisions for all realizations of their private signal. In the paper, we compare two treatments: one in which the price adjusts to the order flow i...

Investors behavior is one of the most important discussion of the financial science in the financial market. Individual investors consider various factors when they buy and sell securities and show different behavior (Rational, Herding, Reaction and Heuristic). The main purpose of this research is to identify and categorize factors which impact individual investors behavior that are known as be...

Herding is a form of convergent social behaviour that can be broadly defined as the alignment of the thoughts or behaviours of individuals in a group (herd) through local interaction and without centralized coordination. We suggest that herding has a broad application, from intellectual fashion to mob violence; and that understanding herding is particularly pertinent in an increasingly intercon...

Resource allocation takes place in various kinds of real-world complex systems, such as traffic systems, social services institutions or organizations, or even ecosystems. The fundamental principle underlying complex resource-allocation dynamics is Boolean interactions associated with minority games, as resources are generally limited and agents tend to choose the least used resource based on a...

We consider social learning settings in which a group of agents face uncertainty regarding a state of the world, observe private signals, share the same utility function, and act in a general dynamic setting. We introduce Social Learning Equilibria, a static equilibrium concept that abstracts away from the details of the given dynamics, but nevertheless captures the corresponding asymptotic equ...

This paper …nds that fund herding, de…ned as the tendency of a mutual fund to follow past aggregate institutional trades, is an important predictor of mutual fund performance. Examining actively managed U.S. equity mutual funds over the period 1990-2009, we …nd that funds with a higher herding tendency achieve lower future returns. The performance gap between herding and antiherding funds is pe...