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HERDING BEHAVIOUR IN EMERGING MARKET: EVIDENCE FROM PAKISTAN STOCK EXCHANGE |
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| รหัสดีโอไอ | |
| Creator | Rida Imran, Amir Rafique, Faheem Aslam |
| Title | HERDING BEHAVIOUR IN EMERGING MARKET: EVIDENCE FROM PAKISTAN STOCK EXCHANGE |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 9 |
| Page no. | 11A9S: 1-11 |
| Keyword | Stock returns, Fundamental factors, Non-fundamental factors, Financial momentum, Cross sectional absolute dispersion CSAD, Non-financial firms. |
| URL Website | http://TuEngr.com/Vol11_9.html |
| Website title | ITJEMAST V11(9) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | To measure the extent of fundamental and non-fundamental herding behaviour in Pakistan stock exchange for the period 2012-2017, this study takes into account the relationship between stock returns, crude oil prices and multifactor asset pricing model such as size (SMB), value (HML) and momentum (MOM) using cross sectional absolute dispersion (CSAD) of return for 67 non-financial firms. The study finds that there is evidence of non-fundamental herding and herding during political turbulence, but investors do not herd during downward moment of oil prices |
