Daily and Intraday Herding Within Different Types of Investors in Borsa Istanbul
| dc.contributor.author | Dalgıç, Nihan | |
| dc.contributor.author | Ersan, Oğuz | |
| dc.contributor.author | Ekinci, Cumhur | |
| dc.contributor.author | Ersan, Oğuz | |
| dc.contributor.other | International Trade and Finance | |
| dc.date.accessioned | 2020-12-14T16:41:57Z | |
| dc.date.available | 2020-12-14T16:41:57Z | |
| dc.date.issued | 2019 | |
| dc.department | Fakülteler, İşletme Fakültesi, Muhasebe ve Finans Yönetimi Bölümü | en_US |
| dc.description.abstract | This paper aims to explore the daily and intraday herd behavior of various investor groups trading in an emerging equity market, Borsa Istanbul (BIST). We analyze a one-year tick-by-tick order and trade data of BIST 100 Index stocks and document differences in herding behavior of investor groups considering market capitalization, market conditions, and announcements as well as daily and intraday periodicities. We find that nonprofessional investors (brokerage houses and domestic funds) tend to herd on large (small) stocks; their herding behavior mostly exhibits a U shape (an inverse U shape) during the day. All types of investors tend to herd in down markets on a daily basis while this behavior disappears, even inverts intraday. | en_US |
| dc.description.sponsorship | Tubitak | en_US |
| dc.identifier.citationcount | 7 | |
| dc.identifier.doi | 10.1080/1540496X.2019.1641082 | en_US |
| dc.identifier.issn | 1540-496X | en_US |
| dc.identifier.issn | 1558-0938 | en_US |
| dc.identifier.issn | 1540-496X | |
| dc.identifier.issn | 1558-0938 | |
| dc.identifier.scopus | 2-s2.0-85105837877 | en_US |
| dc.identifier.scopusquality | Q1 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12469/3547 | |
| dc.identifier.uri | https://doi.org/10.1080/1540496X.2019.1641082 | |
| dc.identifier.wos | WOS:000477270000001 | en_US |
| dc.identifier.wosquality | Q2 | |
| dc.institutionauthor | Ersan, Oğuz | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Routledge Journals, Taylor & Francis Ltd | en_US |
| dc.relation.journal | Emerging Markets Finance and Trade | en_US |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/embargoedAccess | en_US |
| dc.scopus.citedbyCount | 7 | |
| dc.subject | Behavioral finance | en_US |
| dc.subject | Borsa Istanbul | en_US |
| dc.subject | Herding | en_US |
| dc.title | Daily and Intraday Herding Within Different Types of Investors in Borsa Istanbul | en_US |
| dc.type | Article | en_US |
| dc.wos.citedbyCount | 8 | |
| dspace.entity.type | Publication | |
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