Daily and Intraday Herding within Different Types of Investors in Borsa Istanbul

dc.contributor.authorErsan, Oğuz
dc.contributor.authorEkinci, Cumhur
dc.contributor.authorErsan, Oğuz
dc.date.accessioned2020-12-14T16:41:57Z
dc.date.available2020-12-14T16:41:57Z
dc.date.issued2019
dc.departmentFakülteler, İşletme Fakültesi, Muhasebe ve Finans Yönetimi Bölümüen_US
dc.description.abstractThis 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.sponsorshipTubitaken_US
dc.identifier.citation7
dc.identifier.doi10.1080/1540496X.2019.1641082en_US
dc.identifier.issn1540-496Xen_US
dc.identifier.issn1558-0938en_US
dc.identifier.issn1540-496X
dc.identifier.issn1558-0938
dc.identifier.scopus2-s2.0-85105837877en_US
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://hdl.handle.net/20.500.12469/3547
dc.identifier.urihttps://doi.org/10.1080/1540496X.2019.1641082
dc.identifier.wosWOS:000477270000001en_US
dc.identifier.wosqualityQ2
dc.institutionauthorErsan, Oğuzen_US
dc.language.isoenen_US
dc.publisherRoutledge Journals, Taylor & Francis Ltden_US
dc.relation.journalEmerging Markets Finance and Tradeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectBehavioral financeen_US
dc.subjectBorsa Istanbulen_US
dc.subjectHerdingen_US
dc.titleDaily and Intraday Herding within Different Types of Investors in Borsa Istanbulen_US
dc.typeArticleen_US
dspace.entity.typePublication
relation.isAuthorOfPublication668cc704-cc26-4a39-bb0f-5db2099bf1d3
relation.isAuthorOfPublication.latestForDiscovery668cc704-cc26-4a39-bb0f-5db2099bf1d3

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