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Study on Impact of Investor’s Herd Behavior on Corporation Investment Behavior

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Hai-ming Wang

    (Hunan University)

  • De-ming Zeng

    (Hunan University)

Abstract

From the perspective of investor irrationality, this paper empirically analyzes the effect of investors’ herd behavior on corporate investment behavior. The empirical results show that the buyer’s herd behavior has positive effect on the level of corporate investment, and the seller’s herd behavior has inhibitory effect on the level of corporate investment. The degree of influence on corporate investment varies between the buyer’s herd behavior and that of the seller’s.

Suggested Citation

  • Hai-ming Wang & De-ming Zeng, 2013. "Study on Impact of Investor’s Herd Behavior on Corporation Investment Behavior," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 527-534, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38391-5_54
    DOI: 10.1007/978-3-642-38391-5_54
    as

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