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...
| Main Author: | |
|---|---|
| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2018
|
| Subjects: | |
| Online Access: | 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 |
| _version_ | 1848787235755786240 |
|---|---|
| author | Mohd Nasarudin, Ahmad Fawwaz |
| author_facet | Mohd Nasarudin, Ahmad Fawwaz |
| author_sort | Mohd Nasarudin, Ahmad Fawwaz |
| building | IIUM Repository |
| collection | Online Access |
| 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 |
| first_indexed | 2025-11-14T17:21:43Z |
| format | Proceeding Paper |
| id | iium-70115 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T17:21:43Z |
| publishDate | 2018 |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 Proceeding Paper 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/ |
| spellingShingle | HG4501 Stocks, investment, speculation Mohd Nasarudin, Ahmad Fawwaz Investigation of industrial herding in Malaysia |
| title | 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_short | Investigation of industrial herding in Malaysia |
| title_sort | investigation of industrial herding in malaysia |
| topic | HG4501 Stocks, investment, speculation |
| 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 |