汇率、金币价格和股票市场中的羊群效应

Q4 Economics, Econometrics and Finance

Iranian Economic Review Pub Date : 2020-10-10 DOI:10.22059/IER.2020.78143

G. Asadi, H. A. Tabrizi, S. Farazmand

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引用次数: 0

摘要

本研究考察了伊朗股票市场羊群现象的发生以及黄金价格和货币汇率对这一现象的影响。为此，计算和分析德黑兰证券交易所的羊群率，然后根据黄金价格和货币汇率对股票价格数据进行分类。对不同汇率和黄金价格回报下的羊群效应进行了研究。结果表明，在黄金和货币价格剧烈变化时，股票市场的羊群效应在1%水平上是显著的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Exchange Rates, Gold Coin Prices, and Herding in the Stock Market

This study investigated the occurrence of herding in the Iranian stock market and the effects of gold prices and currency exchange rates on this phenomenon. For this purpose, the rate at which herding occurs in the Tehran Stock Exchange was calculated and analyzed, after which stock price data were classified on the basis of gold prices and currency exchange rates. Herding under different exchange rates and gold price returns was also examined. Results showed that herding in the stock market was significant at the 1% level during sharp changes in gold and currency prices.

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来源期刊

Iranian Economic Review Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.70

自引率

0.00%

发文量