The Role of Herd Behaviour in Determining the Investor‘s Monday Irrationality

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Rayenda Brahmana; Chee Wooi Hooy; Zamri Ahmad;
(2012)
  • Journal: Asian Academy of Management Journal of Accounting and Finance,volume 8,issue 2,pages1-20
  • Subject: herding, day-of-the-week anomaly, Malaysian listed companies

With regards to determining whether herding is spontaneous and irrational behavior causing the Day-of-the-week anomaly, this paper intersects the Christie and Huang (1995) herd behaviour model with French's (1980) Day-of-the-week model in several layers of tests. We use... View more
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