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375349

The Impact of Herding-behavior on the Egyptian Stock Market

Article

Last updated: 05 Jan 2025

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Tags

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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.

DOI

10.21608/hiss.2024.309686.1398

Keywords

Herding Behavior, Stock market return, CSAD

Authors

First Name

Remond Elsaid

Last Name

libda

MiddleName

-

Affiliation

Lecturer, Business Department, Faculty of Commerce, Tanta University, Egypt.

Email

remond.libda@commerce.tanta.edu.eg

City

الإسکندرية

Orcid

-

First Name

Heba Mohamed

Last Name

Srour

MiddleName

-

Affiliation

Lecturer, Business Department, Faculty of Commerce, Tanta University

Email

heba.srour@commerce.tanta.edu.eg

City

-

Orcid

-

First Name

Ola Mohamed Bahey Eldin

Last Name

Haikal

MiddleName

-

Affiliation

Lecturer, Business Department, Faculty of Commerce, Tanta University, Egypt.

Email

ola.hekal@commerce.tanta.edu.eg

City

الإسکندرية

Orcid

-

Volume

1

Article Issue

1

Related Issue

26142

Issue Date

2021-07-01

Receive Date

2024-08-04

Publish Date

2021-07-01

Page Start

703

Page End

728

Print ISSN

2786-0256

Online ISSN

2786-0264

Link

https://hiss.journals.ekb.eg/article_375349.html

Detail API

https://hiss.journals.ekb.eg/service?article_code=375349

Order

375,349

Type

البحوث والدِّراسات.

Type Code

1,961

Publication Type

Journal

Publication Title

مجلة المعهد العالي للدراسات النوعية

Publication Link

https://hiss.journals.ekb.eg/

MainTitle

The Impact of Herding-behavior on the Egyptian Stock Market

Details

Type

Article

Created At

28 Dec 2024