{"title":"股票市场羊群行为:金砖国家能源行业的实证研究","authors":"Heavendeep Singh, Dhanraj Sharma","doi":"10.48185/sebr.v4i1.777","DOIUrl":null,"url":null,"abstract":"This paper attempts to study the herding behaviour of Energy sector stocks toward the Market & equal-weighted average portfolio of the sector of BRICS. This study uses Closing price data from January 1st 2017 to December 31st 2022, of all fossil fuel companies from the energy sector of BRICS for those data was available. Those Companies were removed from a sample which was listed during the study period or delisted at any time during the study period. Nine companies selected from Brazil, 11 from Russia, one from India, 33 from China & 3 from South Africa are taken as a sample in this study. CSAD by Chang et al. (2000) & CSSD by Christie and Huang (1995) methodology for analysis of the herding behaviour is used in this study. The results show the herding behaviour during the study period in some countries of BRICS using the CSSD method & CSAD. Mostly found in China.","PeriodicalId":135884,"journal":{"name":"Studies in Economics and Business Relations","volume":"48 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Herding Behavior in Stock Market: An Empirical Study of Energy Sector of BRICS Nations\",\"authors\":\"Heavendeep Singh, Dhanraj Sharma\",\"doi\":\"10.48185/sebr.v4i1.777\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper attempts to study the herding behaviour of Energy sector stocks toward the Market & equal-weighted average portfolio of the sector of BRICS. This study uses Closing price data from January 1st 2017 to December 31st 2022, of all fossil fuel companies from the energy sector of BRICS for those data was available. Those Companies were removed from a sample which was listed during the study period or delisted at any time during the study period. Nine companies selected from Brazil, 11 from Russia, one from India, 33 from China & 3 from South Africa are taken as a sample in this study. CSAD by Chang et al. (2000) & CSSD by Christie and Huang (1995) methodology for analysis of the herding behaviour is used in this study. The results show the herding behaviour during the study period in some countries of BRICS using the CSSD method & CSAD. Mostly found in China.\",\"PeriodicalId\":135884,\"journal\":{\"name\":\"Studies in Economics and Business Relations\",\"volume\":\"48 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-07-24\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Studies in Economics and Business Relations\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.48185/sebr.v4i1.777\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Studies in Economics and Business Relations","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.48185/sebr.v4i1.777","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
摘要
本文试图研究能源板块股票对市场的羊群行为&金砖国家板块的等加权平均投资组合。本研究使用金砖国家能源部门所有化石燃料公司2017年1月1日至2022年12月31日的收盘价数据，因为这些数据是可用的。这些公司在研究期间被从样本中除名，或在研究期间的任何时间被除名。本研究选取了巴西9家公司、俄罗斯11家公司、印度1家公司、中国33家公司和南非3家公司作为样本。本研究采用Chang et al.(2000)的CSAD和Christie and Huang(1995)的CSSD放牧行为分析方法。利用CSSD方法和CSAD方法对金砖国家部分国家的放牧行为进行了研究。主要在中国发现。
Herding Behavior in Stock Market: An Empirical Study of Energy Sector of BRICS Nations
This paper attempts to study the herding behaviour of Energy sector stocks toward the Market & equal-weighted average portfolio of the sector of BRICS. This study uses Closing price data from January 1st 2017 to December 31st 2022, of all fossil fuel companies from the energy sector of BRICS for those data was available. Those Companies were removed from a sample which was listed during the study period or delisted at any time during the study period. Nine companies selected from Brazil, 11 from Russia, one from India, 33 from China & 3 from South Africa are taken as a sample in this study. CSAD by Chang et al. (2000) & CSSD by Christie and Huang (1995) methodology for analysis of the herding behaviour is used in this study. The results show the herding behaviour during the study period in some countries of BRICS using the CSSD method & CSAD. Mostly found in China.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
