This study undertakes one of the first empirical attempts to investigate and contribute a set of innovative findings to investor herding behavior and herding spillover effects in globally listed shipping company stock returns. Distinguishing between OECD and Non-OECD markets, herding behavior is tested on a diversified set of shipping companies traded in international equity markets, over different business cycle phases, financial crises, and external shocks. A set of dynamic models, well established in the relevant behavioral finance literature, is implemented. Empirical evidence indicates investor herding behavior in shipping stock returns and herding spillover effects between different shipping sectors, albeit not robust in all cases. These challenging findings can have a material impact on efficient investment and financing decisions of shipping market players.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Investor herding behaviour in globally listed shipping stocks


    Beteiligte:

    Erschienen in:

    Erscheinungsdatum :

    2019-07-04


    Format / Umfang :

    20 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch




    Capital structure decisions of globally-listed shipping companies

    Drobetz, Wolfgang / Gounopoulos, Dimitrios / Merikas, Andreas et al. | Elsevier | 2012



    Shipping stocks as lotteries

    Makrominas, Michalis / Marcoulis, Stelios | Taylor & Francis Verlag | 2023


    Sulphur abatement globally in maritime shipping

    Lindstad, H. Elizabeth / Rehn, Carl Fredrik / Eskeland, Gunnar S. | Elsevier | 2017