Investigation of herding behaviour in developed and developing countries: does country governance factor matters?

• Main Authors: Mohd Nasarudin, Ahmad Fawwaz, Amin Noordin, Bany Ariffin Amin, Law, Siong Hook, Yahya, Mohd Hisham
• Format: Article
• Language: English
• Published: Malaysian Finance Association 2017
• Subjects: HG4501 Stocks, investment, speculation
• Online Access: http://irep.iium.edu.my/65958/1/MY%20PAPER-CAPITAL%20MARKET%20REVIEW.pdf; http://irep.iium.edu.my/65958/; http://www.mfa.com.my/wp-content/uploads/2017/12/vol252_pp.01-14-Nasarudin-et-al..pdf

Although numerous studies have been conducted on herding behaviours, only a limited number has focused on the governance factor that may influence herding activity. This paper examines whether countries’ governance influences herding decisions among investors. Applying the cross-sectional absolu...