University of Twente Student Theses
The effect of the war in Ukraine on herding behaviour in European stock markets
Teel, Ruben (2023) The effect of the war in Ukraine on herding behaviour in European stock markets.
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| Abstract: | This research paper investigates the effects of the war in Ukraine on herding behaviour in the European stock market, by using raw data from Yahoo Finance, sorting it into three samples, based on three different time periods, and performing a series of statistical tests with each of them. It aims to study and explain the reasons behind an increase, or decrease, in the acuity of this behaviour among investors, from the moment the war started, by comparing the results of the statistical analyses performed on the three samples among themselves. An empirical approach will be preferred to a purely theoretical one due to the fact that the issue discussed is a very recent one and no substantial research was done on this specific topic yet. Therefore, two theoretical frameworks were selected to support the research process, while the process itself was solely mathematical, economic, statistical, and observational (statistical output analysis). Overall, the goal of this study is to add to the body of existing knowledge, by presenting a thorough understanding of the relationship between economic and social factors, like market shocks and limited human rationality, and their impact on the common phenomenon of herding among investors in the European market. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics, 85 business administration, organizational science |
| Programme: | Business Administration BSc (50645) |
| Link to this item: | https://purl.utwente.nl/essays/95413 |
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