Market sentiment: a key factor of investors' imitative behaviour

The aim of this paper is to explore herding behaviour among investors to determine its rational and emotional component factors and identify relationships among them. We apply causality tests to evaluate the impact of return and market sentiment on herding intensity. The herding intensity is quantif...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Accounting and finance (Parkville) 2012-09, Vol.52 (3), p.663-689
Hauptverfasser:	Blasco, Natividad, Corredor, Pilar, Ferreruela, Sandra
Format:	Artikel
Sprache:	eng
Schlagworte:	Behavioural finance Emotions G11 G14 Herding Investment policy Investor behavior Rates of return Securities markets Sentiment Stock market Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!