Behavioral Economics in the Shipping Industry
The current paper argues about herding effects in the shipping industry, employing proven and widely-used statistical tools and methods. Shipping is a key global industry, crucial to world trade and economic growth. We test for both herding behavior in shipping stock returns and herding spillover ef...
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| Κύριοι συγγραφείς: | , |
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| Άλλοι συγγραφείς: | |
| Γλώσσα: | English |
| Δημοσίευση: |
2017
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| Θέματα: | |
| Διαθέσιμο Online: | http://hdl.handle.net/11610/17387 |
| Ετικέτες: |
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| Περίληψη: | The current paper argues about herding effects in the shipping industry, employing proven and widely-used statistical tools and methods. Shipping is a key global industry, crucial to world trade and economic growth. We test for both herding behavior in shipping stock returns and herding spillover effects among shipping markets. Research finds indicate an absence of herding behavior in all markets and through all different time-periods taken into consideration. In addition, no evidence was produced for spillover effects among separate markets. Results point to a unique behavior character for shipping stocks, giving credit to the complexity and volatility of the sector. |
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