Herding behavior and information effect of firm's ownership

Herding behavior and information effect of firm's ownership

Following study on macro information on investor’s herding decision by Galariotis et al. (2014), this study question the importance of information dissemination at firm’s level 0n investor’s herding decision. By categorizing firms according to family and non-family ownership, the cross sectional abs...

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Main Authors: Mohd Nasarudin, Ahmad Fawwaz, Hanijito, Agus, Amin Noordin, Bany Ariffin, Matemilola, B. T.
Format: Article
Language:English
Published: The Empirical Economics Letters 2017
Subjects:
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/58165/
http://irep.iium.edu.my/58165/
http://irep.iium.edu.my/58165/1/58165_HERDING%20BEHAVIOR.pdf
id iium-58165
recordtype eprints
spelling iium-581652017-11-05T18:11:52Z http://irep.iium.edu.my/58165/ Herding behavior and information effect of firm's ownership Mohd Nasarudin, Ahmad Fawwaz Hanijito, Agus Amin Noordin, Bany Ariffin Matemilola, B. T. HG4501 Stocks, investment, speculation Following study on macro information on investor’s herding decision by Galariotis et al. (2014), this study question the importance of information dissemination at firm’s level 0n investor’s herding decision. By categorizing firms according to family and non-family ownership, the cross sectional absolute deviation (CSAD) was employed to test the herding existence in 22 different countries. The findings suggest limited herding activity as only Greece, New Zealand and China reported for herding during the study period. As for the conclusion, the study proves that investor do not place high importance on firm’s information dissemination management as relatives to the market announcement. The Empirical Economics Letters 2017-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/58165/1/58165_HERDING%20BEHAVIOR.pdf Mohd Nasarudin, Ahmad Fawwaz and Hanijito, Agus and Amin Noordin, Bany Ariffin and Matemilola, B. T. (2017) Herding behavior and information effect of firm's ownership. The Empirical Economics Letters, 16 (5). pp. 349-355. ISSN 1681-8997 http://www.eel.my100megs.com/volume-16-number-5.htm
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG4501 Stocks, investment, speculation
spellingShingle HG4501 Stocks, investment, speculation
Mohd Nasarudin, Ahmad Fawwaz
Hanijito, Agus
Amin Noordin, Bany Ariffin
Matemilola, B. T.
Herding behavior and information effect of firm's ownership
description Following study on macro information on investor’s herding decision by Galariotis et al. (2014), this study question the importance of information dissemination at firm’s level 0n investor’s herding decision. By categorizing firms according to family and non-family ownership, the cross sectional absolute deviation (CSAD) was employed to test the herding existence in 22 different countries. The findings suggest limited herding activity as only Greece, New Zealand and China reported for herding during the study period. As for the conclusion, the study proves that investor do not place high importance on firm’s information dissemination management as relatives to the market announcement.
format Article
author Mohd Nasarudin, Ahmad Fawwaz
Hanijito, Agus
Amin Noordin, Bany Ariffin
Matemilola, B. T.
author_facet Mohd Nasarudin, Ahmad Fawwaz
Hanijito, Agus
Amin Noordin, Bany Ariffin
Matemilola, B. T.
author_sort Mohd Nasarudin, Ahmad Fawwaz
title Herding behavior and information effect of firm's ownership
title_short Herding behavior and information effect of firm's ownership
title_full Herding behavior and information effect of firm's ownership
title_fullStr Herding behavior and information effect of firm's ownership
title_full_unstemmed Herding behavior and information effect of firm's ownership
title_sort herding behavior and information effect of firm's ownership
publisher The Empirical Economics Letters
publishDate 2017
url http://irep.iium.edu.my/58165/
http://irep.iium.edu.my/58165/
http://irep.iium.edu.my/58165/1/58165_HERDING%20BEHAVIOR.pdf
first_indexed 2023-09-18T21:22:14Z
last_indexed 2023-09-18T21:22:14Z
_version_ 1777411958234939392

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