The Impact of Herd Behavior on the Chinese Stock Market
- DOI
- 10.2991/assehr.k.220110.159How to use a DOI?
- Keywords
- Herd behavior; Chinese finance market; cross-sectional standard deviation
- Abstract
Herd behavior refers to an individual who is influenced by the behavior of the outside crowd, and shows his own perception, judgment, and cognition opinion or the behavior of the majority of people. In behavioral finance, herding is always used to describe similar investment choices due to mutual influence among investors. It happens at the same time with market volatility, which exists in both up and down markets. This article investigates the existence of herd behavior in the Chinese stock market and the impact of herd behavior in the Chinese finance market. Concluding the studies that make use of the nonlinear model of Christie and Huang (CH Model) and Chang, Cheng, and Khorana (CCK model). Evidence of herding is found in Chinese stock market. It is shown that herding is influencing Chinese stock market for decades from both sides.
- Copyright
- © 2022 The Authors. Published by Atlantis Press SARL.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Yuanzhi Lei PY - 2022 DA - 2022/01/28 TI - The Impact of Herd Behavior on the Chinese Stock Market BT - Proceedings of the 2021 International Conference on Public Art and Human Development ( ICPAHD 2021) PB - Atlantis Press SP - 845 EP - 848 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.220110.159 DO - 10.2991/assehr.k.220110.159 ID - Lei2022 ER -