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Bibliometric Analysis Of Herding Behavior In Times Of Crisis

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  • Fenny Marietza
  • Ridwan Nurazi
  • Fitri Santi
  • Saiful

Abstract

The social and psychological concept of herding behavior provides a suitable solution to give an understanding of the behavioral biases that often occur in the capital market. The aim of this paper is to provide an overview of the broader bibliometric literature on the term and concept of herding behavior. Articles are collected through the help of software consisting of Publish or Perish (PoP), Google Scholar, Mendeley, and VOSViewer through a systematic approach, explicit and reproductive methods. In addition, the articles were scanned by Scimagojr.com (Q1, Q2, Q3, and Q4), analyzing 83 articles of 261 related articles from reputable and non-reputable journals from 1996 to 2021. Mendeley software is used to manage and resume references. To review this database, classification was performed using the VOSviewer software. Four clusters were reviewed; The words that appear most often in each group are the type of stock market, the type of crisis, and the factors that cause herding. Thus these four clusters became the main research themes on the topic of herding in times of crisis. Meanwhile, methodology and strategy are the themes for future research in the future.

Suggested Citation

  • Fenny Marietza & Ridwan Nurazi & Fitri Santi & Saiful, 2021. "Bibliometric Analysis Of Herding Behavior In Times Of Crisis," Papers 2106.13598, arXiv.org.
  • Handle: RePEc:arx:papers:2106.13598
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    References listed on IDEAS

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    1. Imran Yousaf & Shoaib Ali & Syed Zulfiqar Ali Shah, 2018. "Herding behavior in Ramadan and financial crises: the case of the Pakistani stock market," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-14, December.
    2. Lu, Shan & Zhao, Jichang & Wang, Huiwen & Ren, Ruoen, 2018. "Herding boosts too-connected-to-fail risk in stock market of China," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 505(C), pages 945-964.
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    5. Stavros Stavroyiannis & Vassilios Babalos, 2019. "Time-varying herding behavior within the Eurozone stock markets during crisis periods," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 12(2), pages 83-96, July.
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    8. Meng-Fen Hsieh & Tzu-Yi Yang & Yu-Tai Yang, 2010. "Positive Trading Effects And Herding Behavior In Asian Markets: Evidence From Mutual Funds," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 4(2), pages 177-188.
    9. Guney, Yilmaz & Kallinterakis, Vasileios & Komba, Gabriel, 2017. "Herding in frontier markets: Evidence from African stock exchanges," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 47(C), pages 152-175.
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    17. Stefano Lugo & Annalisa Croce & Robert Faff, 2015. "Herding Behavior and Rating Convergence among Credit Rating Agencies: Evidence from the Subprime Crisis," Review of Finance, European Finance Association, vol. 19(4), pages 1703-1731.
    18. D. Sornette & J. V. Andersen, 2002. "A Nonlinear Super-Exponential Rational Model Of Speculative Financial Bubbles," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 171-187.
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