Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)

Non-Economic Events in China and Herding Behavior

Authors
Yi-Chang Chen, Kai-Sheng Chen, Housen Wang, Chunxiu Qiu, Xinyi Ma
Corresponding Author
Yi-Chang Chen
Available Online August 2018.
DOI
https://doi.org/10.2991/icesem-18.2018.290How to use a DOI?
Keywords
Non-economic Events; CSAD; Herding behavior; Volatility
Abstract

The existence of herding behavior leads to stock price volatility and makes a great influence on the stability of stock market during volatile periods. Many studies have shown that economic events affect herding behavior, while a few studies focus on non-economic events with greater uncertainty especially in China’s market. The paper uses cross sectional absolute deviation (CSAD) model to examine whether the non-economic events affect herding behavior. The results show that there are fewer herding phenomena, indicating that non-economic events reduce herding effects in China’s market.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
978-94-6252-557-3
ISSN
2352-5398
DOI
https://doi.org/10.2991/icesem-18.2018.290How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Yi-Chang Chen
AU  - Kai-Sheng Chen
AU  - Housen Wang
AU  - Chunxiu Qiu
AU  - Xinyi Ma
PY  - 2018/08
DA  - 2018/08
TI  - Non-Economic Events in China and Herding Behavior
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 1243
EP  - 1246
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.290
DO  - https://doi.org/10.2991/icesem-18.2018.290
ID  - Chen2018/08
ER  -