Unpacking Financial Herding Behaviour: A Conceptual Study of Youth and Working Adults in Chongqing, China

Yang, Wang; Loang, Ooi Kok

doi:10.1007/978-3-031-51997-0_6

Studies in Systems, Decision and Control

2024

DOI: 10.1007/978-3-031-51997-0_6

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Unpacking Financial Herding Behaviour: A Conceptual Study of Youth and Working Adults in Chongqing, China

Wang Yang,

Ooi Kok Loang

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2024

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Cited by 4 publications

References 25 publications

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Emotional Contagion and Financial Markets

Loang

2024

Advances in Marketing, Customer Relationship Management, and E-Services

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The study investigates the complex dynamics that drive market overreaction in financial markets. This research focuses on the impact of emotional states (fear and greed), market news and rumors, peer influence, market volatility, and investor experience on market overreaction. The study employs the concepts of emotional contagion as a mediating variable and social proof as a moderating variable to understand how these factors interact and influence market behaviour. The findings highlight the significant role of emotional states and social dynamics in driving market inefficiencies. Emotional contagion is shown to amplify the impact of fear and greed, market news and rumors, peer influence, and market volatility on market overreaction. Conversely, social proof moderates these relationships, often intensifying the effect of emotions and social influences on market behaviour. The study's results underscore the importance of considering psychological and social factors in financial market analysis and regulatory frameworks.

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Emotional Contagion and Financial Markets

Loang

2024

Advances in Marketing, Customer Relationship Management, and E-Services

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Herding in Crisis

2024

Advances in Marketing, Customer Relationship Management, and E-Services

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This study investigates the impact of media coverage intensity, market volatility, investor sentiment, institutional investor activity, and regulatory announcements on market stability, incorporating the moderating effect of social network influence and the mediating effect of financial contagion. Using panel data regression and structural equation modeling, the research aims to provide a nuanced understanding of the dynamics influencing market stability. The findings reveal that media coverage intensity, investor sentiment, and regulatory announcements positively impact market stability, while market volatility negatively impacts it. Institutional investor activity also contributes positively to market stability. Furthermore, social network influence moderates these relationships, either amplifying or mitigating the impacts, and financial contagion mediates the effects, weakening the positive impacts.

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Herding Through the Ages

Loang

2024

Advances in Marketing, Customer Relationship Management, and E-Services

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This study investigates the multifaceted influences on herding behaviour in financial markets, focusing on the impact of historical market events, regulatory changes, economic indicators, social and political events, and technological advancements. Utilizing market structure as a moderating variable and investor learning as a mediating variable, the research provides a comprehensive analysis of the dynamics that drive herding behaviour. The study employs panel data regression and structural equation modeling to analyze the interactions between these variables and their collective impact on herding behaviour. The findings indicate that historical market events, regulatory changes, economic indicators, social and political events, and technological advancements significantly influence herding behaviour. Market structure moderates these relationships, with certain structures either amplifying or dampening the effects. Additionally, investor learning mediates the impact of these factors, with higher levels of financial literacy and education mitigating herding behaviour.

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Unpacking Financial Herding Behaviour: A Conceptual Study of Youth and Working Adults in Chongqing, China

Cited by 4 publications

References 25 publications

Emotional Contagion and Financial Markets

Emotional Contagion and Financial Markets

Herding in Crisis

Herding Through the Ages

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