Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
September 30, 2025Copernican Journal of Finance & AccountingOpen Access

Herding Behaviour and Stock Market Efficiency: An Empirical Study in the Egyptian Stock Market

View Full Paper
Ask AI
Bookmark
Share

Authors

MAMustafa Hussein Abd-AllahKMKhaled M MohamedMMMahmoona Mahmood

Discussion

Loading...

Member takes

Overview

Empirical analysis reveals herding behaviour significantly affects stock market efficiency in Egypt, indicating implications for investors.

Key Points

  • The analysis shows that herding behaviour affects market efficiency in the Egyptian stock market.
  • Using the Runs test, results indicate that stock prices are non-random, highlighting market inefficiency.
  • The Augmented Dickey-Fuller test confirms stationarity, rejecting the presence of a unit root in both stock portfolios.
  • These findings suggest that investors can exploit historical price data to achieve potential abnormal returns.

Cite This Study

Abd-Allah et al. (2025) studied this question.

synapsesocial.com/papers/68dc1e438a7d58c25ebb2379https://doi.org/10.12775/cjfa.2025.001
View Full Paper
Ask AI
Bookmark
Share