Investor attention to the Eurozone crisis and herding effects in national bank stock indexes
2015 (English)In: Finance Research Letters, ISSN 1544-6123, E-ISSN 1544-6131, Vol. 14, 111-116 p.Article in journal (Refereed) Published
In this study, we investigate the relation between investor attention to the Eurozone crisis and herding effects in national bank stock indexes across Europe. We especially focus on two different groups of European countries: non-EMU member countries and EMU member countries. Our results suggest that an increased investor attention to the Eurozone crisis decreased herding effects in the EMU region in the following week, but the effect was temporary as the effect became the opposite with a two-week lag. Herding effects in the EMU region affected herding effects in the non-EMU region, but not vice versa.
Place, publisher, year, edition, pages
2015. Vol. 14, 111-116 p.
Financial crisis, Herding effects, Bank stocks
IdentifiersURN: urn:nbn:se:su:diva-118177DOI: 10.1016/j.frl.2015.05.009ISI: 000360322200014OAI: oai:DiVA.org:su-118177DiVA: diva2:821011