Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts
This study examines momentum profits and herding behaviour in emerging Asian markets for equities and real estate investment trusts (REITs) from 1990 to 2020. Herding behaviour was measured and examined via cross-sectional absolute deviation (CSAD) and quantile regression (QR). Market states were fo...
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| Format: | Thesis |
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Curtin University
2024
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| Online Access: | http://hdl.handle.net/20.500.11937/97130 |
| _version_ | 1848766225240293376 |
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| author | Ngadan, Alpha Anak |
| author_facet | Ngadan, Alpha Anak |
| author_sort | Ngadan, Alpha Anak |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study examines momentum profits and herding behaviour in emerging Asian markets for equities and real estate investment trusts (REITs) from 1990 to 2020. Herding behaviour was measured and examined via cross-sectional absolute deviation (CSAD) and quantile regression (QR). Market states were found to influence momentum with consistent market trends. Herding is prevalent in most markets except Malaysia. The findings support behavioural theories and challenge the weak efficient market hypothesis (EMH) in emerging Asian markets. |
| first_indexed | 2025-11-14T11:47:46Z |
| format | Thesis |
| id | curtin-20.500.11937-97130 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:47:46Z |
| publishDate | 2024 |
| publisher | Curtin University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-971302025-02-14T05:52:32Z Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts Ngadan, Alpha Anak This study examines momentum profits and herding behaviour in emerging Asian markets for equities and real estate investment trusts (REITs) from 1990 to 2020. Herding behaviour was measured and examined via cross-sectional absolute deviation (CSAD) and quantile regression (QR). Market states were found to influence momentum with consistent market trends. Herding is prevalent in most markets except Malaysia. The findings support behavioural theories and challenge the weak efficient market hypothesis (EMH) in emerging Asian markets. 2024 Thesis http://hdl.handle.net/20.500.11937/97130 Curtin University fulltext |
| spellingShingle | Ngadan, Alpha Anak Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts |
| title | Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts |
| title_full | Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts |
| title_fullStr | Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts |
| title_full_unstemmed | Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts |
| title_short | Momentum Profits and Herding Behaviour in Emerging Asian Equity Markets and Real Estate Investment Trusts |
| title_sort | momentum profits and herding behaviour in emerging asian equity markets and real estate investment trusts |
| url | http://hdl.handle.net/20.500.11937/97130 |