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首页> 外文会议>IEEE International Conference on Technology Management, Operations and Decisions >Is There a Herding Behavior in the Moroccan Financial Market? A Quantile Regression Approach
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Is There a Herding Behavior in the Moroccan Financial Market? A Quantile Regression Approach

机译：摩洛哥金融市场是否有放牧行为？大分回归方法

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摘要

We try in this article to detect and measure the presence of the herding behavior in the Moroccan exchange market using a quantile regression method. The authors seek not only to detect herding on overall market conditions but also to analyze its presence on different states of the market. The data used in this study consists of daily closing prices of MASI as well as trading data of a sample of most actively traded companies in the Moroccan stock exchange market. The results of the study suggest the existence of a strong herding bias which gets more pronounced in times of financial stress. The results and conclusions drafted in this research paper could help understand the dynamics and mechanisms of herding in the local market of Morocco using a newly constructed model, hence enabling a more thorough analysis of herding under all market conditions.
机译：我们尝试使用量级回归方法检测和衡量摩洛哥交易所交换市场中的放牧行为的存在。作者不仅寻求检测整体市场条件的领导者，而且还寻求分析其在不同国家在市场上的存在。本研究中使用的数据包括日本闭幕价格，以及摩洛哥证券交易所市场中最积极交易公司的样本的交易数据。该研究的结果表明，存在强大的放牧偏见，在财政压力时期变得更加明显。在本研究论文中起草的结果和结论可以帮助了解摩洛哥当地市场的动态和机制，使用新建设的模型，从而在所有市场条件下对牧羊人进行更全面的分析。

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