Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
The Prevalence Of Herding In Indian Auto Sector: Implications For Market Efficiency, Arundhathi P S, Aslam P S, Libison K B
The Prevalence Of Herding In Indian Auto Sector: Implications For Market Efficiency, Arundhathi P S, Aslam P S, Libison K B
Arab Economic and Business Journal
The worldwide catastrophes due to the spread of Wuhan virus, India had witnessed an explosive change in the economic activity, mainly in the investment pattern. This made the investors to do panic trading by following what others were doing in the market. We offer an empirical analysis to examine the presence of herding in Indian Automobile Sector during pre-pandemic and pandemic period (COVID-19). To detect the presence of herding, we applied Cross Sectional Absolute Deviation (CSAD) and One-way ANOVA was employed to examine whether there is any significant difference in the auto index during Pre pandemic and pandemic period. The …