英文标题：
《Analyzing Herd Behavior in Global Stock Markets: An Intercontinental
  Comparison》
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作者：
Changki Kim and Yangho Choi and Woojoo Lee and Jae Youn Ahn
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最新提交年份：
2013
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英文摘要：
  Herd behavior is an important economic phenomenon, especially in the context of the recent financial crises. In this paper, herd behavior in global stock markets is investigated with a focus on intercontinental comparison. Since most existing herd behavior indices do not provide a comparative method, we propose a new herd behavior index and demonstrate its desirable properties through simple theoretical models. As for empirical analysis, we use global stock market data from Morgan Stanley Capital International to study herd behavior especially during periods of financial crises in detail.
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中文摘要：
羊群行为是一种重要的经济现象，尤其是在最近的金融危机背景下。本文研究了全球股市中的羊群行为，重点是洲际比较。由于大多数现有的羊群行为指数没有提供一种比较方法，我们提出了一种新的羊群行为指数，并通过简单的理论模型证明了其可取的性质。至于实证分析，我们使用摩根士丹利资本国际的全球股市数据来详细研究羊群行为，尤其是在金融危机期间。
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Statistical Finance        统计金融
分类描述：Statistical, econometric and econophysics analyses with applications to financial markets and economic data
统计、计量经济学和经济物理学分析及其在金融市场和经济数据中的应用
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一级分类：Quantitative Finance        数量金融学
二级分类：Risk Management        风险管理
分类描述：Measurement and management of financial risks in trading, banking, insurance, corporate and other applications
衡量和管理贸易、银行、保险、企业和其他应用中的金融风险
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