Herding behavior and the information effect of firm’s ownership
Available empirical evidences reveal that macroeconomic information influences investor’s herding decision, but very limited studies focus on the influence of firm’s ownership types on investor’s herding decision. This study challenges the importance of information dissemination at firm...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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The Publisher
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/62026/ http://psasir.upm.edu.my/id/eprint/62026/1/Herding%20behavior%20and%20the%20information%20effect%20of%20firm%E2%80%99s%20ownership.pdf |
| _version_ | 1848854541706985472 |
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| author | Mohd Nasarudin, Ahmad Fawwaz Hanijito, D. Agus Amin Noordin, Bany Ariffin Matemilola, Bolaji Tunde |
| author_facet | Mohd Nasarudin, Ahmad Fawwaz Hanijito, D. Agus Amin Noordin, Bany Ariffin Matemilola, Bolaji Tunde |
| author_sort | Mohd Nasarudin, Ahmad Fawwaz |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Available empirical evidences reveal that macroeconomic information influences investor’s herding decision, but very limited studies focus on the influence of firm’s ownership types on investor’s herding decision. This study challenges the importance of information dissemination at firm’s level on investor’s herding decision. By categorizing firms according to family and non-family ownership, this study investigates the existence of herding in 22 different countries. Applying the cross sectional absolute deviation (CSAD), we find existence of herding activity only in Greece, New Zealand and China. Our findings suggest that investors place less importance on firm’s information dissemination management. |
| first_indexed | 2025-11-15T11:11:31Z |
| format | Article |
| id | upm-62026 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:11:31Z |
| publishDate | 2017 |
| publisher | The Publisher |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-620262019-03-18T09:04:47Z http://psasir.upm.edu.my/id/eprint/62026/ Herding behavior and the information effect of firm’s ownership Mohd Nasarudin, Ahmad Fawwaz Hanijito, D. Agus Amin Noordin, Bany Ariffin Matemilola, Bolaji Tunde Available empirical evidences reveal that macroeconomic information influences investor’s herding decision, but very limited studies focus on the influence of firm’s ownership types on investor’s herding decision. This study challenges the importance of information dissemination at firm’s level on investor’s herding decision. By categorizing firms according to family and non-family ownership, this study investigates the existence of herding in 22 different countries. Applying the cross sectional absolute deviation (CSAD), we find existence of herding activity only in Greece, New Zealand and China. Our findings suggest that investors place less importance on firm’s information dissemination management. The Publisher 2017-05 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/62026/1/Herding%20behavior%20and%20the%20information%20effect%20of%20firm%E2%80%99s%20ownership.pdf Mohd Nasarudin, Ahmad Fawwaz and Hanijito, D. Agus and Amin Noordin, Bany Ariffin and Matemilola, Bolaji Tunde (2017) Herding behavior and the information effect of firm’s ownership. The Empirical Economics Letters, 16 (5). 349 - 355. ISSN 1681-8997 http://www.eel.my100megs.com/volume-16-number-5.htm |
| spellingShingle | Mohd Nasarudin, Ahmad Fawwaz Hanijito, D. Agus Amin Noordin, Bany Ariffin Matemilola, Bolaji Tunde Herding behavior and the information effect of firm’s ownership |
| title | Herding behavior and the information effect of firm’s ownership |
| title_full | Herding behavior and the information effect of firm’s ownership |
| title_fullStr | Herding behavior and the information effect of firm’s ownership |
| title_full_unstemmed | Herding behavior and the information effect of firm’s ownership |
| title_short | Herding behavior and the information effect of firm’s ownership |
| title_sort | herding behavior and the information effect of firm’s ownership |
| url | http://psasir.upm.edu.my/id/eprint/62026/ http://psasir.upm.edu.my/id/eprint/62026/ http://psasir.upm.edu.my/id/eprint/62026/1/Herding%20behavior%20and%20the%20information%20effect%20of%20firm%E2%80%99s%20ownership.pdf |