Impacts of Economic Variables on Herding Behavior in Tehran Stock Exchange Industries

The Effect of Economic Growth Volatility on Selected Industries in Tehran Stock Exchange

  The main purpose of this study is to investigate the effects of economic growth rate shock on the selected industries value in the Tehran Stock Exchange; For this purpose, in the present study, the effects of economic growth rate shock were investigated by applying the time-varying parameter factor-augmented vector autoregressive model (TVP-FAVAR) and using quarterly data during the period (2...

Impact of Herding on Buy & Hold, Momentum & Contrarian Strategy in Tehran Stock Exchange

This paper aims to study the effect of herding on buy and hold, momentum and contrarian strategy. In this research, the cross-sectional absolute deviation is used to identify herding behavior in twenty industries in Tehran stock market. It is observed that the down and boom periods had more industries with herding. Moreover, the weak herding is more common than the strong herding in this market...

The Impact of Macroeconomic Variables on Stock Prices:The Case of Tehran Stock Exchange

This paper examines the effects of selected macroeconomic variables on the stock market index in Iran. Using quarterly data, we examine the relationships between the Tehran Stock Index (TSI) and five macroeconomic variables which consist of gross domestic product, nominal effective exchange rate, money supply, gold coin price and investment in housing sector from 1996:1 to 2008:1.Various e...

Determinants Of Investors Financial Behavior In Tehran Stock Exchange

a survey in investor herding behavior with trading volume approach in tehran stock exchange

herd behavior by investors in capital markets is a behavioral bias that can cause to undesirable effects such as bubble, crash and high fluctuation in stock price. this anomalies can disturb the equilibrium relations in stock market and lead to market inefficiency. herd behavior is a condition that investors with rational or in rational reasons ignore private information and imitate from others...

Analyzing the Status of Iran's Textile Industry in Comparison with Industries listed in Tehran Stock Exchange

Textile industry has been influenced by the globalization process more than any industry in the world. Given that a high volume of the country's industry is at disposal of small and medium industries it seems that paying attention to textile industries and improving their status could be a useful strategy for economic development of the country. Objective of the present paper is to evaluate tex...