Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5087388 | Journal of Asian Economics | 2013 | 10 Pages |
Abstract
⺠The paper presents an alternative approach to test herding behavior in the Indian equity market using symmetric properties of the cross-sectional return distribution. ⺠Using the proposed approach, the paper finds evidence of herding in the Indian equity market during the sample period. ⺠We also observe pronounced herding during the 2007 crash in the Indian equity market. ⺠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.
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Authors
Saumitra N. Bhaduri, Siddharth D. Mahapatra,