Investigation of industrial herding in Malaysia

This paper examines herding behavior in Malaysia using their industrial daily price data for the period of 2005-2018. The study report insignificant results when test for the whole period using the Cross Sectional Absolute Deviation (CSAD). However, the study document significant herding activity in...

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Main Author:	Mohd Nasarudin, Ahmad Fawwaz
Format:	Conference or Workshop Item
Language:	English English
Published:	2018
Subjects:	HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/70115/ http://irep.iium.edu.my/70115/ http://irep.iium.edu.my/70115/1/New%20Doc%202019-01-24%2013.51.15_1.pdf http://irep.iium.edu.my/70115/7/70115_Investigation%20of%20Industrial%20Herding%20in%20Malaysia.pdf

id	iium-70115
recordtype	eprints
spelling	iium-701152019-03-08T01:10:15Z http://irep.iium.edu.my/70115/ Investigation of industrial herding in Malaysia Mohd Nasarudin, Ahmad Fawwaz HG4501 Stocks, investment, speculation This paper examines herding behavior in Malaysia using their industrial daily price data for the period of 2005-2018. The study report insignificant results when test for the whole period using the Cross Sectional Absolute Deviation (CSAD). However, the study document significant herding activity in the second test across the year particularly in the earlier years between 2005 and 2011. Similar test on the succeeding years however did not report for any herding activity except for 2015. Beside the heighten apprehension during crisis time, this could also due to the rapidly advancing technology enabling investors to obtain information and make decision heterogeneously. Meanwhile, study on herding across industrial in Malaysian market shows that only technological and property sectors give significant herding activity pointing to an improve efficient market in the country 2018 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/70115/1/New%20Doc%202019-01-24%2013.51.15_1.pdf application/pdf en http://irep.iium.edu.my/70115/7/70115_Investigation%20of%20Industrial%20Herding%20in%20Malaysia.pdf Mohd Nasarudin, Ahmad Fawwaz (2018) Investigation of industrial herding in Malaysia. In: 5th Annual ECoFI Symposium 2018, 18th Dec. 2018, Sintok, Kedah. (Unpublished) http://aes-uum.com/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG4501 Stocks, investment, speculation
spellingShingle	HG4501 Stocks, investment, speculation Mohd Nasarudin, Ahmad Fawwaz Investigation of industrial herding in Malaysia
description	This paper examines herding behavior in Malaysia using their industrial daily price data for the period of 2005-2018. The study report insignificant results when test for the whole period using the Cross Sectional Absolute Deviation (CSAD). However, the study document significant herding activity in the second test across the year particularly in the earlier years between 2005 and 2011. Similar test on the succeeding years however did not report for any herding activity except for 2015. Beside the heighten apprehension during crisis time, this could also due to the rapidly advancing technology enabling investors to obtain information and make decision heterogeneously. Meanwhile, study on herding across industrial in Malaysian market shows that only technological and property sectors give significant herding activity pointing to an improve efficient market in the country
format	Conference or Workshop Item
author	Mohd Nasarudin, Ahmad Fawwaz
author_facet	Mohd Nasarudin, Ahmad Fawwaz
author_sort	Mohd Nasarudin, Ahmad Fawwaz
title	Investigation of industrial herding in Malaysia
title_short	Investigation of industrial herding in Malaysia
title_full	Investigation of industrial herding in Malaysia
title_fullStr	Investigation of industrial herding in Malaysia
title_full_unstemmed	Investigation of industrial herding in Malaysia
title_sort	investigation of industrial herding in malaysia
publishDate	2018
url	http://irep.iium.edu.my/70115/ http://irep.iium.edu.my/70115/ http://irep.iium.edu.my/70115/1/New%20Doc%202019-01-24%2013.51.15_1.pdf http://irep.iium.edu.my/70115/7/70115_Investigation%20of%20Industrial%20Herding%20in%20Malaysia.pdf
first_indexed	2023-09-18T21:39:33Z
last_indexed	2023-09-18T21:39:33Z
_version_	1777413047746297856

Investigation of industrial herding in Malaysia

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