Non-Economic Events in China and Herding Behavior

DOI

10.2991/icesem-18.2018.290How to use a DOI?

Keywords

Non-economic Events; CSAD; Herding behavior; Volatility

Abstract

The existence of herding behavior leads to stock price volatility and makes a great influence on the stability of stock market during volatile periods. Many studies have shown that economic events affect herding behavior, while a few studies focus on non-economic events with greater uncertainty especially in China’s market. The paper uses cross sectional absolute deviation (CSAD) model to examine whether the non-economic events affect herding behavior. The results show that there are fewer herding phenomena, indicating that non-economic events reduce herding effects in China’s market.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yi-Chang Chen
AU  - Kai-Sheng Chen
AU  - Housen Wang
AU  - Chunxiu Qiu
AU  - Xinyi Ma
PY  - 2018/08
DA  - 2018/08
TI  - Non-Economic Events in China and Herding Behavior
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 1243
EP  - 1246
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.290
DO  - 10.2991/icesem-18.2018.290
ID  - Chen2018/08
ER  -