Article ID Journal Published Year Pages File Type
5087388 Journal of Asian Economics 2013 10 Pages PDF
Abstract
► The paper presents an alternative approach to test herding behavior in the Indian equity market using symmetric properties of the cross-sectional return distribution. ► Using the proposed approach, the paper finds evidence of herding in the Indian equity market during the sample period. ► We also observe pronounced herding during the 2007 crash in the Indian equity market. ► Finally, the paper also reports that the rate of increase in security return dispersion is relatively lower in the up market than in the down market days.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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