| dc.description.abstract | This study is to examine the impact of herding behavior among investors on sector indices
in Ho Chi Minh City Stock Exchange (HOSE). This study’s contribution is to analyze
herding behavior in the period before, during, and following the COVID-19 epidemic.
The dataset includes daily closing values of 229 companies' stocks from January 1, 2016,
to December 20, 22, the data is available. I employ Chang et al (2000)’ model to evaluate
herd formation. It is found that the entire sample, the peak epidemic, and the period
following COVID-19 demonstrate that herding behavior exists in every industry. The
consumer (CONS) and healthcare (HEAL) sectors exhibit substantial herding behavior
during the peak of the pandemic. All sectors, but utilities (UTI) sector, did not, however,
exhibit statistically significant herding tendencies prior to COVID-19. Furthermore, prior
to and throughout the COVID-19 epidemic, the evidence of herding behavior under bull
and bear settings. | en_US |
