Journal of
Marketing Development and Competitiveness






Scholar Gateway


Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF APPLIED BUSINESS AND ECONOMICS


Herding Behavior in the Nairobi Securities Exchange


Author(s): Hamid Tabesh, Logan Kelly, Collins Poulose

Citation: Hamid Tabesh, Logan Kelly, Collins Poulose, (2018) "Herding Behavior in the Nairobi Securities Exchange," Journal of Applied Business and Economics, Vol. 20, Iss.3,  pp. 102-112

Article Type: Research paper

Publisher: North American Business Press

Abstract:

In this study, we use 2010-15 daily data stock market from the Nairobi Securities Exchange (NSE) to
investigate herding behavior among NSE market participants. We examine the impact of rising and
falling markets, as well as exogenous factors such as political and regulatory instability, on herding
behavior. Our findings are twofold. First, herding behavior differs by sector, moreover, each sector
responds differently to rising and falling markets. Thus, failing to consider each sector separately may
mask herding behavior. Second, herding behavior is most pronounced from 2013 through 2014, which
was a time of both political and regulatory instability for Kenya.