Herding behaviour in financial markets : empirical evidence from the Johannesburg Stock Exchange
- Ababio, Kofi A., Muteba Mwamba, John W.
- Authors: Ababio, Kofi A. , Muteba Mwamba, John W.
- Date: 2017
- Subjects: Behavioural finance , Herding behaviour , Johannesburg Stock Exchange
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/240292 , uj:24719 , Citation: Ababio, K.A. & Muteba Mwamba, J.W. 2017. Herding behaviour in financial markets : empirical evidence from the Johannesburg Stock Exchange.
- Description: Abstract: Please refer to full text to view abstract
- Full Text:
- Authors: Ababio, Kofi A. , Muteba Mwamba, John W.
- Date: 2017
- Subjects: Behavioural finance , Herding behaviour , Johannesburg Stock Exchange
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/240292 , uj:24719 , Citation: Ababio, K.A. & Muteba Mwamba, J.W. 2017. Herding behaviour in financial markets : empirical evidence from the Johannesburg Stock Exchange.
- Description: Abstract: Please refer to full text to view abstract
- Full Text:
Empirical examination of herding behaviour in the Johannesburg stock exchange : a sectoral analysis
- Ababio, Kofi A., Mwamba, John M.
- Authors: Ababio, Kofi A. , Mwamba, John M.
- Date: 2017
- Subjects: Herding behaviour , Financial sector , Asymmetry
- Language: English
- Type: Article
- Identifier: http://ujcontent.uj.ac.za8080/10210/386771 , http://hdl.handle.net/10210/244763 , uj:25314 , Citation: Ababio, K.A. & Mwamba, J.M. 2017. Empirical examination of herding behaviour in the Johannesburg stock exchange : a sectoral analysis.
- Description: Abstract: This paper uses the daily stock returns from January 2010 to September 2015 to investigate the presence of herding behavior and its dynamics on the South African financial sector. The paper makes use of the median as an alternative proxy to the mean in estimating market average returns. We found evidence in support of herding behaviour in the general financials and the real estate sectors of the Johannesburg Stock Exchange (JSE) during normal market period. Investors in the banking and the insurance sectors were found to show rational investment decisions during all market periods.
- Full Text:
- Authors: Ababio, Kofi A. , Mwamba, John M.
- Date: 2017
- Subjects: Herding behaviour , Financial sector , Asymmetry
- Language: English
- Type: Article
- Identifier: http://ujcontent.uj.ac.za8080/10210/386771 , http://hdl.handle.net/10210/244763 , uj:25314 , Citation: Ababio, K.A. & Mwamba, J.M. 2017. Empirical examination of herding behaviour in the Johannesburg stock exchange : a sectoral analysis.
- Description: Abstract: This paper uses the daily stock returns from January 2010 to September 2015 to investigate the presence of herding behavior and its dynamics on the South African financial sector. The paper makes use of the median as an alternative proxy to the mean in estimating market average returns. We found evidence in support of herding behaviour in the general financials and the real estate sectors of the Johannesburg Stock Exchange (JSE) during normal market period. Investors in the banking and the insurance sectors were found to show rational investment decisions during all market periods.
- Full Text:
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