IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v21y2014i2p75-79.html
   My bibliography  Save this article

Herd behaviour in the Turkish banking sector

Author

Listed:
  • Esin Cakan
  • Aram Balagyozyan

Abstract

This study looks for evidence of investor herding in the Turkish banking sector. We apply the methodology of Chang et al . (2000) to daily stock returns between 2007 and 2012 and find evidence of herding. This result is robust under model specifications that control for market and firm fundamentals. Herding behaviour shows asymmetric effects, and investors herd only in rising markets.

Suggested Citation

  • Esin Cakan & Aram Balagyozyan, 2014. "Herd behaviour in the Turkish banking sector," Applied Economics Letters, Taylor & Francis Journals, vol. 21(2), pages 75-79, January.
    • Handle: RePEc:taf:apeclt:v:21:y:2014:i:2:p:75-79
    DOI: 10.1080/13504851.2013.842629
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2013.842629
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2013.842629?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Esin Cakan & Rıza Demirer & Rangan Gupta & Hardik A. Marfatia, 2019. "Oil speculation and herding behavior in emerging stock markets," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(1), pages 44-56, January.
    2. Mohammad K. Elshqirat, 2020. "Remeasuring Sectoral Herding in the Financial Markets," International Business Research, Canadian Center of Science and Education, vol. 13(8), pages 1-1, August.
    3. Yi-Chang Chen & Hung-Che Wu & Jen-Jsung Huang, 2017. "Herd Behavior and Rational Expectations: A Test of China's Market Using Quantile Regression," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 649-663.
    4. Zhen, Xueping & (George) Cai, Gangshu & Song, Reo & Jang, Sungha, 2019. "The effects of herding and word of mouth in a two-period advertising signaling model," European Journal of Operational Research, Elsevier, vol. 275(1), pages 361-373.
    5. Nha Duc Bui & Loan Thi Bich Nguyen & Nhung Thi Tuyet Nguyen & Gordon Frederick Titman, 2018. "Herding in frontier stock markets: evidence from the Vietnamese stock market," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(S1), pages 59-81, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:21:y:2014:i:2:p:75-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.