Herding behaviour in China’s markets and their influences on international markets and trading partners

In its rapid transition to a modern economy, China is undergoing dynamic changes in all of its business sectors and industries, a situation that present features unique to China’s economy. This study focuses on several issues related to the Chinese stock market, and these issues are investigating he...

Full description

Saved in:

Bibliographic Details
Main Author:	Chong, Oi Ping
Format:	Thesis
Language:	English
Published:	2020
Subjects:	Economics - China International economic relations
Online Access:	http://psasir.upm.edu.my/id/eprint/92362/1/GSM%202020%2014%20IR.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-upm-ir.92362
record_format	uketd_dc
spelling	my-upm-ir.923622022-05-12T02:07:46Z Herding behaviour in China’s markets and their influences on international markets and trading partners 2020-01 Chong, Oi Ping In its rapid transition to a modern economy, China is undergoing dynamic changes in all of its business sectors and industries, a situation that present features unique to China’s economy. This study focuses on several issues related to the Chinese stock market, and these issues are investigating herding behaviour in four local Chinese markets, which are Shanghai A-share (SHA), Shanghai B-share (SHB), Shenzhen Ashare (SZA) and Shenzhen B-share (SZB). This study used cross-sectional absolute deviation (CSAD) to examine the herding behaviour. First, this study found that the SHA, SHB and SZA showed herding in their markets, but the SZB did not. Second, this study discovered that Hong Kong, Israel, Pakistan and Thailand were herding around the Chinese market. Third, this study discovered that all three categories of total trade with China instead showed the dominant influence of the Chinese market return dispersion. However, the results of this study have shown that the Chinese market did not play a significant role in influencing and causing other local markets or its trading partners to herd around its markets, as did the U.S. market. Thus, the result of this study can be used to reduce the tendency of the formation of herding behaviour. Economics - China International economic relations 2020-01 Thesis http://psasir.upm.edu.my/id/eprint/92362/ http://psasir.upm.edu.my/id/eprint/92362/1/GSM%202020%2014%20IR.pdf text en public doctoral Universiti Putra Malaysia Economics - China International economic relations Amin Noordin, Bany Ariffin
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English
advisor	Amin Noordin, Bany Ariffin
topic	Economics - China International economic relations
spellingShingle	Economics - China International economic relations Chong, Oi Ping Herding behaviour in China’s markets and their influences on international markets and trading partners
description	In its rapid transition to a modern economy, China is undergoing dynamic changes in all of its business sectors and industries, a situation that present features unique to China’s economy. This study focuses on several issues related to the Chinese stock market, and these issues are investigating herding behaviour in four local Chinese markets, which are Shanghai A-share (SHA), Shanghai B-share (SHB), Shenzhen Ashare (SZA) and Shenzhen B-share (SZB). This study used cross-sectional absolute deviation (CSAD) to examine the herding behaviour. First, this study found that the SHA, SHB and SZA showed herding in their markets, but the SZB did not. Second, this study discovered that Hong Kong, Israel, Pakistan and Thailand were herding around the Chinese market. Third, this study discovered that all three categories of total trade with China instead showed the dominant influence of the Chinese market return dispersion. However, the results of this study have shown that the Chinese market did not play a significant role in influencing and causing other local markets or its trading partners to herd around its markets, as did the U.S. market. Thus, the result of this study can be used to reduce the tendency of the formation of herding behaviour.
format	Thesis
qualification_level	Doctorate
author	Chong, Oi Ping
author_facet	Chong, Oi Ping
author_sort	Chong, Oi Ping
title	Herding behaviour in China’s markets and their influences on international markets and trading partners
title_short	Herding behaviour in China’s markets and their influences on international markets and trading partners
title_full	Herding behaviour in China’s markets and their influences on international markets and trading partners
title_fullStr	Herding behaviour in China’s markets and their influences on international markets and trading partners
title_full_unstemmed	Herding behaviour in China’s markets and their influences on international markets and trading partners
title_sort	herding behaviour in china’s markets and their influences on international markets and trading partners
granting_institution	Universiti Putra Malaysia
publishDate	2020
url	http://psasir.upm.edu.my/id/eprint/92362/1/GSM%202020%2014%20IR.pdf
_version_	1747813731780263936

Herding behaviour in China’s markets and their influences on international markets and trading partners

Similar Items