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Signal Herding on Stock Markets: Evidence from Vietnam

EasyChair Preprint no. 11772

7 pagesDate: January 15, 2024


This paper takes a deeper look into herding behavior in Vietnam’s stock market by analyzing different types of herding including unconditional, conditional and signal. Using daily data for the period starting from the beginning of January 2015 to the end of June 2023, the paper has found evidence for the presence of these herding types in Vietnam. First, the paper shows that unconditional herding is prevalent in Vietnam’s stock markets during the research period. Second, among four types of exogenous factors, herding behaviors of investors in Vietnam are conditional on market indices, uncertainty and media attention. Third, signals extracted from the fluctuations of market indices mitigate whereas ones from commodities amplify herding.

Keyphrases: conditional herding, signal herding, stock market, unconditional herding

BibTeX entry
BibTeX does not have the right entry for preprints. This is a hack for producing the correct reference:
  author = {An Hoang Kim Vo and Vy Ngoc Thuy Nguyen and Linh Mai Chu},
  title = {Signal Herding on Stock Markets: Evidence from Vietnam},
  howpublished = {EasyChair Preprint no. 11772},

  year = {EasyChair, 2024}}
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