Volume 14, Issue 3 (Summer 2019)                   J. Mon. Ec. 2019, 14(3): 317-333 | Back to browse issues page

XML Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Jafari F, Tehrani R, Abbasian E. Impacts of Economic Variables on Herding Behavior in Tehran Stock Exchange Industries. J. Mon. Ec.. 2019; 14 (3) :317-333
URL: http://jme.mbri.ac.ir/article-1-417-en.html
1- University of Tehran
Abstract:   (1152 Views)
The stock market is influenced by other parallel markets and macroeconomic variables; such variables have impacts on the behavior of financial market players. Accordingly, this study first examines the existence of herding behavior among investors in the Tehran Stock Exchange (TSE). It then investigates the effects of exogenous economic variables on this industry-level behavior in the Tehran Stock Exchange (TSE) throughout 2008- 2018. For this purpose, 12 different industries were studied, and the results of nonlinear regression analysis showed the existence of herding behavior in all selected industries in the bearish market. However, this is not true for the bullish market. The findings also indicate that the effects of exogenous variables are not the same in different industries.
Full-Text [PDF 234 kb]   (903 Downloads)    
Type of Study: Original Research - Case Study | Subject: Macroeconomics
Received: 14 May 2019 | Accepted: 29 Feb 2020 | Published: 12 Apr 2020

Add your comments about this article : Your username or Email:
CAPTCHA

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2022 All Rights Reserved | Journal of Money And Economy

Designed & Developed by : Yektaweb