CD Skripsi
Analisis Perbandingan Herding Behavior Pada Bursa Saham Indonesia, Malaysia, Dan Singapura Tahun 2016 – 2019
Herding Behavior is an investor bias that affect stock market price. Stock
market is one of factors that can influence economic condition in a country. This
research examine the indication of herding behavior in Indonesia, Malaysia, and
Singapore from 2016 to 2019.
This research use secondary data, stocks return and market return, and
transformed into Cross Sectional Absolute Deviation (CSAD) to test the
dispersion level of stock return to find herding behavior indication using quantile
regression. This research also comparing herding behavior between Indonesia
and others using independent sample t test.
Result gained in this result is that in all countries have no indication of
herding behavior in every kind of market condition. This research also found the
difference of herding behavior between Indonesia and other countries.
Keyword : Herding Behavior, CSAD, Quantile Regression
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