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Testing the existence of herd behavior among investors on the Ha Noi Stock Exchange
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Abstract
This article aims to present testing results on the existence of herd behavior (or herb psychology) on the Hanoi Stock Exchange. Data were the value series of HNX-Index and the closing price of the stocks traded on the Hanoi Stock Exchange of the weekly frequency from 01 January 2009 to 30 June 2015. The CSSD method (Cross-sectional standard deviation) and regression analysis were used to analyze collected data. The results show that there was the existence of herd impacts among investors on the Hanoi Stock Exchange.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Keywords
Cross-sectional standard deviation (CSSD), Hanoi Stock Exchange (HNX), herd behavior.
References
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