Non-Economic Events in China and Herding Behavior
Authors
Yi-Chang Chen, Kai-Sheng Chen, Housen Wang, Chunxiu Qiu, Xinyi Ma
Corresponding Author
Yi-Chang Chen
Available Online August 2018.
- 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/).
Cite this article
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 -