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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/33360
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dc.contributor.authorGavriilidis, Konstantinosen_UK
dc.contributor.authorKallinterakis, Vasileiosen_UK
dc.date.accessioned2021-10-05T00:00:40Z-
dc.date.available2021-10-05T00:00:40Z-
dc.date.issued2021-10-18en_UK
dc.identifier.urihttp://hdl.handle.net/1893/33360-
dc.description.abstractWe present seminal empirical evidence on market-wide herding from historical markets drawing on a unique database for the St. Petersburg stock exchange for the 1865 – 1914 period. Our findings indicate the presence of herding in Imperial Russia’s largest equity market, which tends to vary among industries and grow stronger during months of negative performance and declining volatility. Controlling for the 1893-reform that prompted wider social participation in equity trading, we find that herding surfaces exclusively in the post-reform years, with no evidence of herding arising pre-reform. Our results confirm extant narrative evidence on the presence of herd behaviour in pre-20th century markets and showcase that the behaviour of investors in historical stock exchanges exhibits patterns similar to those of modern-day ones.en_UK
dc.language.isoenen_UK
dc.publisherRoutledgeen_UK
dc.relationGavriilidis K & Kallinterakis V (2021) Herding in Imperial Russia: Evidence from the St. Petersburg Stock Exchange (1865-1914). Journal of Behavioral Finance. https://doi.org/10.1080/15427560.2021.1986715en_UK
dc.rightsThis item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. This is an Accepted Manuscript version of the following article, accepted for publication in Journal of Behavioral Finance. It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.en_UK
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/en_UK
dc.subjectHerdingen_UK
dc.subjectBehavioral financeen_UK
dc.subjectSt. Petersburg stock exchangeen_UK
dc.titleHerding in Imperial Russia: Evidence from the St. Petersburg Stock Exchange (1865-1914)en_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2021-10-18en_UK
dc.rights.embargoreason[GK_2021_Accepted Manuscript.pdf] Until this work is published there will be an embargo on the full text of this work.en_UK
dc.identifier.doi10.1080/15427560.2021.1986715en_UK
dc.citation.jtitleJournal of Behavioral Financeen_UK
dc.citation.issn1542-7579en_UK
dc.citation.issn1542-7560en_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emailkonstantinos.gavriilidis@stir.ac.uken_UK
dc.citation.date18/10/2021en_UK
dc.description.notesOutput Status: Forthcoming/Available Onlineen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationUniversity of Liverpoolen_UK
dc.identifier.isiWOS:000708295000001en_UK
dc.identifier.scopusid2-s2.0-85117229079en_UK
dc.identifier.wtid1758085en_UK
dc.contributor.orcid0000-0001-9935-5431en_UK
dc.date.accepted2021-09-25en_UK
dcterms.dateAccepted2021-09-25en_UK
dc.date.filedepositdate2021-09-27en_UK
rioxxterms.apcpaiden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorGavriilidis, Konstantinos|0000-0001-9935-5431en_UK
local.rioxx.authorKallinterakis, Vasileios|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2021-10-18en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2021-10-18en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by-nc/4.0/|2021-10-18|en_UK
local.rioxx.filenameGK_2021_Accepted Manuscript.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1542-7579en_UK
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