The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality
With regards to determining whether herding is spontaneous and irrational behaviour causing the Day-of-the-week anomaly, this paper intersects the Christie and Huang (1995) herd behaviour model with French's (1980) Day-of-the-week model in several layers of tests. We use firm-level data and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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USM
2012
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| Online Access: | http://ir.unimas.my/id/eprint/16948/ http://ir.unimas.my/id/eprint/16948/1/The%20role%20of%20herd%20behaviour%20in%20determining%20the%20investor%27s%20%28abstract%29.pdf |
| _version_ | 1848838174178017280 |
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| author | Brahmana, Rayenda Khresna Chee-Wooi, Hooy Zamri, Ahmad |
| author_facet | Brahmana, Rayenda Khresna Chee-Wooi, Hooy Zamri, Ahmad |
| author_sort | Brahmana, Rayenda Khresna |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | With regards to determining whether herding is spontaneous and irrational behaviour
causing the Day-of-the-week anomaly, this paper intersects the Christie and Huang
(1995) herd behaviour model with French's (1980) Day-of-the-week model in several
layers of tests. We use firm-level data and investigate the return dispersion of 846 Bursa
Malaysia stocks during 1990–2010. This paper found the herd behaviour is the
determinant for investor’s Monday irrationality, especially in small caps industry. |
| first_indexed | 2025-11-15T06:51:21Z |
| format | Article |
| id | unimas-16948 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:51:21Z |
| publishDate | 2012 |
| publisher | USM |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-169482017-07-19T06:24:33Z http://ir.unimas.my/id/eprint/16948/ The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality Brahmana, Rayenda Khresna Chee-Wooi, Hooy Zamri, Ahmad HG Finance With regards to determining whether herding is spontaneous and irrational behaviour causing the Day-of-the-week anomaly, this paper intersects the Christie and Huang (1995) herd behaviour model with French's (1980) Day-of-the-week model in several layers of tests. We use firm-level data and investigate the return dispersion of 846 Bursa Malaysia stocks during 1990–2010. This paper found the herd behaviour is the determinant for investor’s Monday irrationality, especially in small caps industry. USM 2012 Article PeerReviewed text en http://ir.unimas.my/id/eprint/16948/1/The%20role%20of%20herd%20behaviour%20in%20determining%20the%20investor%27s%20%28abstract%29.pdf Brahmana, Rayenda Khresna and Chee-Wooi, Hooy and Zamri, Ahmad (2012) The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality. Asian Academy Of Management Journal Of Accounting And Finance, 8 (2). pp. 1-20. ISSN 2180-4192 https://www.researchgate.net/publication/286807057 |
| spellingShingle | HG Finance Brahmana, Rayenda Khresna Chee-Wooi, Hooy Zamri, Ahmad The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality |
| title | The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality |
| title_full | The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality |
| title_fullStr | The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality |
| title_full_unstemmed | The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality |
| title_short | The Role Of Herd Behaviour In Determining The Investor’s Monday Irrationality |
| title_sort | role of herd behaviour in determining the investor’s monday irrationality |
| topic | HG Finance |
| url | http://ir.unimas.my/id/eprint/16948/ http://ir.unimas.my/id/eprint/16948/ http://ir.unimas.my/id/eprint/16948/1/The%20role%20of%20herd%20behaviour%20in%20determining%20the%20investor%27s%20%28abstract%29.pdf |