TY  - JOUR
TI  - TESTING FOR HERD BEHAVIOR IN BORSA ISTANBUL DURING THE COVID-19 PANDEMIC
AB  - The concept of herd behavior is based on the nature of decentralized acting investors’ pseudo-collaborative behaviors in the market. This study investigates the herd behavior phenomenon for Borsa Istanbul (BIST) amidst the new coronavirus outbreak. The whole period is split into symmetrical two discrete one-year sub-periods considering the median date of March 11th, 2020, the official announcement date of the first domestic COVID-19 case. The paper proceeds with the models based on the Cross-sectional mean absolute deviation (CSAD) and the Cross-sectional standard deviation (CSSD) test methodology to test for probable herd behavior, using daily stock closing prices of the BIST 100 index shares during the period from March 11th, 2019 to March 9th, 2021.
AU  - YALÇIN, Devrim
AU  - AYBARS, ASLI
DO  - 10.14780/muiibd.1135455
PY  - 2022
JO  - Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi
VL  - 44
IS  - 1
SN  - 2149-1844
SP  - 36
EP  - 52
DB  - TRDizin
UR  - http://search/yayin/detay/1096626
ER  -