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Article
Publication date: 3 April 2023

Muhammad Fayyaz Sheikh, Aamir Inam Bhutta and Tahira Parveen

Investor sentiment (optimism or pessimism) may influence investors to follow others (herding) while taking their investment decisions. Herding may result in bubbles and crashes in…

Abstract

Purpose

Investor sentiment (optimism or pessimism) may influence investors to follow others (herding) while taking their investment decisions. Herding may result in bubbles and crashes in the financial markets. The purpose of the study is to examine the presence of herding and the effects of investor sentiment on herding in China and Pakistan.

Design/methodology/approach

The investor sentiment is captured by five variables (trading volume, advance/decline ratio, weighted price-to-earnings ratio, relative strength index and interest rates) and a sentiment index developed through principal component analysis (PCA). The study uses daily prices of 2,184 firms from China and 568 firms from Pakistan for the period 2005 to 2018.

Findings

The study finds that herding prevails in China while reverse herding prevails in Pakistan. Interestingly, as investors become optimistic, herding in China and reverse herding in Pakistan decrease. This indicates that herding and reverse herding are greater during pessimistic periods. Further, the increase in herding in one market reduces herding in the other market. Moreover, optimistic sentiment in the Chinese market increases herding in the Pakistani market but the reverse is not true.

Practical implications

Considering the greater global financial liberalization, and better opportunities for emotion sharing, this study has important implications for regulators and investors. Market participants need to understand the prevalent irrational behavior before trading in the markets.

Originality/value

Since individual proxies may depict different picture of the relationship between sentiment and herding therefore the study also develops a sentiment index through PCA and incorporates this index in the analysis. Further, this study examines cross-country effects of herding and investor sentiment.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 10 October 2022

Sajida Parveen, Bilal Ahmad, Tahira Iram and Yasir Rasool

The purpose of this study is to explore the dynamics behind the violence against the share of women in their inherited land. This study explores the subject matter from the…

Abstract

Purpose

The purpose of this study is to explore the dynamics behind the violence against the share of women in their inherited land. This study explores the subject matter from the perspective of actual victims and law experts in the domain.

Design/methodology/approach

Informed by the interpretivist paradigm, the authors studied the subject matter through qualitative inquiry. Through semistructured interviews, data were collected from 16 women who have been deprived of their share in inherited land and 11 law experts who have been dealing with property-related court cases.

Findings

Thematic analyses through NVivo-11 evinced five themes related to the possible causes of women depriving of their property rights. From the victims’ perspective, the major causes of violence against women’s share in their inherited property rights are fear of income disaggregation, male dominance, forceful gifting, relational bond and fear of physical violence. Law experts’ views on the subject matter were somehow in convergence with the views of the actual victims. They reported a lack of social support, court delays and lack of knowledge about the law as the major causes of violence against women’s inherited property rights.

Originality/value

A reasonable volume of research is available on the subject of women’s empowerment. However, little attention is paid to investigating the causes of violence against women sharing in their inherited property rights – and suggesting some suitable ways to resolve the problem. Against this backdrop, this study is intended to explore the dynamics behind the violence against the share of women in their inherited land from the perspective of actual victims and law experts in the domain.

Details

The Journal of Adult Protection, vol. 24 no. 5/6
Type: Research Article
ISSN: 1466-8203

Keywords

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