References
- Arjoon, V., Bhatnagar, C.S. (2017), Dynamic Herding Analysis in a Frontier Market, Research in International Business and Finance
- Baker, M. and Wurgler, J. (2006), Investor Sentiment and the Cross-Section of Stock Returns, The Journal of Finance, Vol. LXI Nr. 4, p.1645-1680
- Banerjee, A.V. (1992), A simple model of herd behavior, The Quarterly Journal of Economics, 108, p.797-817
- Bikhchandani, S., Sharma, S. (2000), Her Behavior in Financial Markets, IMF Staff Papers, 47, p.279-310
- Bouri, T.E., Guptab, R., Roubaud, D. (2019), Herding behavior in cryptocurrencies, Finance Research Letters, 29, pp.216-221
- Chang, E.C., Cheng, J.W., Khorana, A. (2000), An examination of herd behavior in equity markets: an international perspective, Journal of Banking and Finance, 24, p.1651-1679
- Christie, W.G., Huang, R.D. (1995), Following the pied piper: Do individual returns herd around the market, Financial Analysts Journal, 51, pp.31-37
- Clementsa, A., Hurna, S., Shib, S. (2017), An empirical investigation of herding in the U.S. stock market, Economic Modelling
- Daniel Kahneman (2010), Fast Thinking, Slow Thinking, Publica Publishing House
- De Bondt, W.F.M. and Thaler, R. (1985), Does the Stock Market Overreact?, The Journal of Finance, 40, p.793-805
- Devenow, A. and Welch, I. (1996), Rational Herding in Financial Economics, European Economic Review, 40, pp.603-615
- Duygun, M., Tunaru, R., Vioto, D. (2021), Herding by corporates in the US and the Eurozone through different market conditions, Journal of International Money and Finance, 110
- Economou, F., Kostakis, A. and Philippas, N. (2011), Cross-country effects in herding behavior, evidence from four south European markets, Journal of International Financial Markets, Institutions and Money, 21, pp.443-460
- Economou, F., Katsikas, E., Vickers, G. (2016), Testing for herding in the Athens Stock Exchange during the crisis period, Finance Research Letters
- Fama, E. (1970), Efficient capital markets: A review of theory and empirical work, Journal of Finance, 25, p.383-417
- Filip, A., Pochea, M. and Pece, A. (2015), The herding behavior of investors in the CEE stocks markets, Procedia Economics and Finance, 32, pp.307-315
- Filip, A., Pochea M. (2014), Herding behavior under excessive volatility in CEE stock markets, Studia UBB, Oeconomica, 59, pp.38-47
- Franco Caparrelli, Anna Maria D’Arcangelis and Alexander Cassuto (2004), Herding in the Italian Stock Market: A Case of Behavioral Finance, Journal of Behavioral Finance, 5, p.222-230
- Galariotis, E.C., Rong, W., Spyrou, S.I. (2014), Herding on fundamental information: A comparative study, Journal of Banking&Finance
- Hwang, S. and Salmon, M. (2004), Market stress and herding, Journal of Empirical Finance, 11, p.585-616
- Jean Yu, Hung-Hsi Huang and Shu-Wei Hsu (2014), Investor Sentiment Influence on the Risk-Reward Relation in the Taiwan Stock Market, Emerging Markets Finance and Trade, 50, pp.174-188
- K. Guo, Y. Sun, X. Qian (2016), Can investor sentiment be used to predict the stock price? Dynamic analysis based on China stock market, Physica A
- Krokida, E.C. and Spyrou, S.I. (2016), Herd behavior and equity market liquidity: Evidence from major markets, International Review of Financial Analysis
- Kukacka, J., Barunik, J. (2013), Behavioral breaks in the heterogeneous agent model: The impact of herding, overconfidence and market sentiment, Physica A, 392, pp.5920-5938
- Lakonishok, J., Shleifer, A. and Vishny, R.W. (1992), The impact of institutional trading on stock prices, Journal of Financial Economics, 32, p.23-43
- Li, Wei, Rhee, Ghon, Wang, Wang, Steven Shuye (2016), Differences in herding: individua vs. institutional investors, Pacific-Basin Finance Journal
- Maitra, D. and Dash, S.R., Sentiment and stock market volatility revisited, A time-frequency domain approach, Journal of Behavioral and Experimental Finance, 15, p.74-91
- Maria Miruna Pochea (2015), The Herding Behavior of Investors on the Capital Market, Editua ASE, Bucharest
- Mohamed Zouaoui, Genevieve Nouyrigat, Francisca Beer (2011), How Does Investor Sentiment Affect Stock Market Crises? Evidence Panel Data, The Financial Review, 46, p.723-747
- Natividad Blasco, Pilar Corredor and Sandra Ferreruela (2012), Market sentiment: a key factor of investors’ imitative behavior, Accounting and Finance, 52, p.663-689
- P., Corredor, E., Ferrer and R. Santamaria, (2015), The Impact of Investors Sentiment on Stock Returns in Emerging Markets: The Case of Central European Markets, Eastern European Economics, 53, p.328-355
- Pavlov, I.P. (1906), The scientific investigation of the psychical faculties or processes in the higher animals, Science, 24, p.613-619
- Peltomaki, J., Vahamaa, E. (2015), Investor attention to the Eurozone crisis and herding effects in national bank stock indexes, Finance Research Letters
- Philipp Finter, Stefan Ruenzi, Alexandra Niessen-Ruenzi (2012), The impact of investor sentiment on the German stock market
- Pochea, M.M., Filip A. and Pece, A.M. (2017), Herding behavior in CEE stock markets under asymmetric conditions a quantile regression analysis, Journal of Behavioral Finance, 18, pp.400-416
- Sang Ik Seok, Hoon Cho, Doojin Ryu (2019), Firm-specific investor sentiment and daily stock returns, The North American Journal of Economics and Finance, 50
- Schmeling Maik Schmeling (2008), Investor sentiment and stock returns: some international evidence, Discussion papers, School of Economics and Management of the Hanover Leibniz University, 407
- Tong Li, Hui Chen, Wei Liu, Wei Liu, Guang Yu, Yongtian Yu (2023), Understanding the role of social media sentiment identifying irrational herding behavior in the stock market, International Review of Economics and Finance, 87, pp.163-179
- Yao, J., Peng He, W., Ma, C. (2014), Investor herding behavior of Chinese stock market, International Review of Economics and Finance, 29, pp.12-29
- Zheng, D., Li, H., and Chiang, T.C. (2017), Herding within industries: Evidence from Asian stock markets, International Review of Economics and Finance
- Lof, M., van Bommel, J. (2023), Asymmetric information and the distribution of trading volume, Journal of Corporate Finance, 82
- Huynh, N., De Mello, L., Li, K. (2025), Evolution of investor sentiment: A systematic literature review and bibliometric analysis, International Review of Economics & Finance, 100
- Wang, J., Zhang, H., (2024), Herding Behavior in the S&P 500: A Comprehensive Analysis from 2019 to 2022, Journal of Student Research, 13