| dc.description.abstract | As the consequence of several extensive financial crises, herd behavior has been notably recalled as a negative phrase when individuals rationally have the tendency to act and make decisions comparing their own references to public information. This paper provides critical understanding of investors’ responses to market trends. By observing 85 listed companies from HOSE’s VN100 list, the author finds no evidence of herd among investors in Vietnam’s stock market from 2nd January, 2017 to 31th January, 2019. This paper keeps on former researchers’ successful model, namely the non-linear cross-sectional model of Chang, Cheng and Khorana (2000) in the spirit of Christie and Huang’s model (1995).
Keywords: herd behavior, Vietnam’s stock market | en_US |
