An empirical study on the rational and irrational herd in Chinese house market

被引：0
|
作者：
Hong, Ren [1 ]
Fei, Xu [1 ]
机构：
[1] Chongqing Univ, Dept Construct & Real Estate, Chongqing 630044, Peoples R China
来源：
PROCEEDINGS OF 2007 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2 | 2007年
关键词：
herd behavior; MLSV measure; adjusted measures; house market;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper proposes measures of rational and irrational herd in house market. Through the test on Chinese housing market, the dynamic characteristics of herd in Chinese housing market were revealed of. This paper used the modified LSV measure to examines herding behavior (investors trading in the same direction as their peers) in the Chinese house market during 1991 to 2003, where we find a higher degree of herding in Chinese house markets.
引用
收藏
页码：1279 / 1282
页数：4
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