Herd Behavior Tendencies of Investors and the Effect of Monetary Policy on Herd Behavior: A Case of BIST

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dc.contributor.authorSusay, Aynur
dc.contributor.authorTanrioven, Cihan
dc.date.accessioned2025-03-17T12:27:47Z
dc.date.available2025-03-17T12:27:47Z
dc.date.issued2023
dc.departmentTarsus Üniversitesi
dc.description.abstractThis study aims to investigate the effect of monetary policy decisions made by policymakers on investor behavior. First, herd behavior in the equity market was investigated in crises, Covid-19, and socio-economic uncertainty. The cross-sectional variance of betas was used as a measure of herd behavior. The findings indicate that herd behavior increases sharply during the global crisis, pandemic, uncertainty, and bull markets. Secondly, the effect of monetary policy decisions on herd behavior in the Borsa Istanbul equity market was investigated. The applied Autoregressive Distributed Lag (ARDL) bound test showed that unconventional monetary policy instruments affect herd behavior.
dc.identifier.endpage73
dc.identifier.issn1300-3623
dc.identifier.issue184
dc.identifier.scopusqualityN/A
dc.identifier.startpage41
dc.identifier.urihttps://hdl.handle.net/20.500.13099/2439
dc.identifier.wosWOS:001041219900003
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherMaliye Bakanligi
dc.relation.ispartofMaliye Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20250316
dc.subjectHerd Behavior
dc.subjectBorsa Istanbul
dc.subjectARDL Bound Test
dc.subjectMonetary Policy
dc.titleHerd Behavior Tendencies of Investors and the Effect of Monetary Policy on Herd Behavior: A Case of BIST
dc.typeArticle

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