The Impact of Herding-behavior on the Egyptian Stock Market | ||||
| مجلة المعهد العالي للدراسات النوعية | ||||
| Volume 1, Issue 1, July 2021, Page 703-728 PDF (567.11 K) | ||||
| Document Type: البحوث والدِّراسات. | ||||
| DOI: 10.21608/hiss.2024.309686.1398 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
Remond Elsaid libda  1; Heba Mohamed Srour2; Ola Mohamed Bahey Eldin Haikal1
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| 1Lecturer, Business Department, Faculty of Commerce, Tanta University, Egypt. | ||||
| 2Lecturer, Business Department, Faculty of Commerce, Tanta University | ||||
| Abstract | ||||
| Research Objectives: Research targets is explaining the idea of herding-behavior and how to measure it as well as explore the association between herding-behavior and stock market returns in the Egyptian Stock Exchange to better understand the behavior of investors and how it influences stock market. Research Hypothesis: The key assumption tested in this research is: There is no statistically significant relationship between herding-behavior and stock market return. Research Approaches: The study employs both inductive and deductive methods, analyzing annual financial statement data from 22 companies in the index of EGX 30 in Egyptian Stock market between 2018 and 2023. Descriptive statistics of the variables are followed by Skewness and Kurtosis tests. A correlation test between the variables is conducted, alongside heteroskedasticity, multivariate normality, and multicollinearity tests. Therefore, regression analysis is employed to generate the study models and evaluate the hypothesis. Research Results: The study found that Herding-behavior has a positive impact on the Stock market return. | ||||
| Keywords | ||||
| Herding behavior; Stock market return; CSAD | ||||
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