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Thirty years of herd behavior in financial markets: A bibliometric analysis

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  • Choijil, Enkhbayar
  • Méndez, Christian Espinosa
  • Wong, Wing-Keung
  • Vieito, João Paulo
  • Batmunkh, Munkh-Ulzii

Abstract

Bibliometric studies have proven useful in helping researchers better explore the current research trends within a particular field of study. This study analyzes academic research on herd behavior in financial markets conducted over 30 years. The Web of Science database was selected to collect bibliographic material and provide various bibliometric indicators, including the number of citations, publications, and authors, while bibliometric techniques were also employed for visualizing the similarities. The results show a significant growth in research on herd behavior, especially following the subprime crisis. The concluding results from the literature indicate that there is no consensus regarding the causes of this phenomenon, but new perspective have emerged to expand research on herd behavior.

Suggested Citation

  • Choijil, Enkhbayar & Méndez, Christian Espinosa & Wong, Wing-Keung & Vieito, João Paulo & Batmunkh, Munkh-Ulzii, 2022. "Thirty years of herd behavior in financial markets: A bibliometric analysis," Research in International Business and Finance, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:riibaf:v:59:y:2022:i:c:s0275531921001276
    DOI: 10.1016/j.ribaf.2021.101506
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    More about this item

    Keywords

    Herding behavior; Financial markets; Bibliometrics; Web of science;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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