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Herding behavior and the information effect of firm’s ownership

Available empirical evidences reveal that macroeconomic information influences investor’s herding decision, but very limited studies focus on the influence of firm’s ownership types on investor’s herding decision. This study challenges the importance of information dissemination at firm...

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Main Authors: Mohd Nasarudin, Ahmad Fawwaz, Hanijito, D. Agus, Amin Noordin, Bany Ariffin, Matemilola, Bolaji Tunde
Format: Article
Language:English
Published: The Publisher 2017
Online Access:http://psasir.upm.edu.my/id/eprint/62026/1/Herding%20behavior%20and%20the%20information%20effect%20of%20firm%E2%80%99s%20ownership.pdf
http://psasir.upm.edu.my/id/eprint/62026/
http://www.eel.my100megs.com/volume-16-number-5.htm
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spelling my.upm.eprints.620262019-03-18T09:04:47Z http://psasir.upm.edu.my/id/eprint/62026/ Herding behavior and the information effect of firm’s ownership Mohd Nasarudin, Ahmad Fawwaz Hanijito, D. Agus Amin Noordin, Bany Ariffin Matemilola, Bolaji Tunde Available empirical evidences reveal that macroeconomic information influences investor’s herding decision, but very limited studies focus on the influence of firm’s ownership types on investor’s herding decision. This study challenges the importance of information dissemination at firm’s level on investor’s herding decision. By categorizing firms according to family and non-family ownership, this study investigates the existence of herding in 22 different countries. Applying the cross sectional absolute deviation (CSAD), we find existence of herding activity only in Greece, New Zealand and China. Our findings suggest that investors place less importance on firm’s information dissemination management. The Publisher 2017-05 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/62026/1/Herding%20behavior%20and%20the%20information%20effect%20of%20firm%E2%80%99s%20ownership.pdf Mohd Nasarudin, Ahmad Fawwaz and Hanijito, D. Agus and Amin Noordin, Bany Ariffin and Matemilola, Bolaji Tunde (2017) Herding behavior and the information effect of firm’s ownership. The Empirical Economics Letters, 16 (5). 349 - 355. ISSN 1681-8997 http://www.eel.my100megs.com/volume-16-number-5.htm
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Available empirical evidences reveal that macroeconomic information influences investor’s herding decision, but very limited studies focus on the influence of firm’s ownership types on investor’s herding decision. This study challenges the importance of information dissemination at firm’s level on investor’s herding decision. By categorizing firms according to family and non-family ownership, this study investigates the existence of herding in 22 different countries. Applying the cross sectional absolute deviation (CSAD), we find existence of herding activity only in Greece, New Zealand and China. Our findings suggest that investors place less importance on firm’s information dissemination management.
format Article
author Mohd Nasarudin, Ahmad Fawwaz
Hanijito, D. Agus
Amin Noordin, Bany Ariffin
Matemilola, Bolaji Tunde
spellingShingle Mohd Nasarudin, Ahmad Fawwaz
Hanijito, D. Agus
Amin Noordin, Bany Ariffin
Matemilola, Bolaji Tunde
Herding behavior and the information effect of firm’s ownership
author_facet Mohd Nasarudin, Ahmad Fawwaz
Hanijito, D. Agus
Amin Noordin, Bany Ariffin
Matemilola, Bolaji Tunde
author_sort Mohd Nasarudin, Ahmad Fawwaz
title Herding behavior and the information effect of firm’s ownership
title_short Herding behavior and the information effect of firm’s ownership
title_full Herding behavior and the information effect of firm’s ownership
title_fullStr Herding behavior and the information effect of firm’s ownership
title_full_unstemmed Herding behavior and the information effect of firm’s ownership
title_sort herding behavior and the information effect of firm’s ownership
publisher The Publisher
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/62026/1/Herding%20behavior%20and%20the%20information%20effect%20of%20firm%E2%80%99s%20ownership.pdf
http://psasir.upm.edu.my/id/eprint/62026/
http://www.eel.my100megs.com/volume-16-number-5.htm
_version_ 1643837651010191360
score 13.211869

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