Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 6, 2023 erstellt
Beschreibung:
This study tried to document Herding Behavior in the stock market of Bangladesh following the investigation of Paulo Leo and Harmindar Singh (2010). Following the methodology and approach of Chang et al. (2000) and Tan et al. (2008), this study used the Cross-Sectional Absolute Deviation (CSAD) to measure the Herding Behavior in the context of the Bangladesh stock market. The findings of the study, suggest herding behavior does exist in our market. Results based on daily data indicate that all the sample stocks listed in the Dhaka Stock Exchange (DSE) are characterized by investor herding. We test for potential asymmetries in herd behavior related to market returns and trading volume. The results indicate the existence of herding when the market trading volume is high. The herding behavior of DSE stocks exhibits asymmetric tendencies and is significantly stronger when the market is experiencing higher trading volume