No Cover Image

Journal article 362 views

Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model

Boru Ren Orcid Logo, Brian Lucey Orcid Logo

Energy Economics, Volume: 119

Swansea University Author: Boru Ren Orcid Logo

Full text not available from this repository: check for access using links below.

Check full text

DOI (Published version): 10.1016/j.eneco.2023.106526

Abstract

In this paper, we examine the herd behaviour of the Chinese renewable energy sector using both static and time-varying coefficient models. Examining daily data from January 05, 2015 to April 29, 2022, we find strong evidence of herding behaviour changing over time in this market. We find that herdin...

Full description

Published in: Energy Economics
ISSN: 0140-9883
Published: Elsevier BV 2023
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa64718
first_indexed 2023-10-17T17:16:38Z
last_indexed 2024-11-27T19:39:26Z
id cronfa64718
recordtype SURis
fullrecord <?xml version="1.0"?><rfc1807><datestamp>2024-11-27T17:37:49.8661148</datestamp><bib-version>v2</bib-version><id>64718</id><entry>2023-10-11</entry><title>Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model</title><swanseaauthors><author><sid>73321f2d7e2e1c7bd4be9bf6d47fd2a2</sid><ORCID>0000-0001-8647-9689</ORCID><firstname>Boru</firstname><surname>Ren</surname><name>Boru Ren</name><active>true</active><ethesisStudent>false</ethesisStudent></author></swanseaauthors><date>2023-10-11</date><deptcode>CBAE</deptcode><abstract>In this paper, we examine the herd behaviour of the Chinese renewable energy sector using both static and time-varying coefficient models. Examining daily data from January 05, 2015 to April 29, 2022, we find strong evidence of herding behaviour changing over time in this market. We find that herding asymmetry is more pronounced during up markets and among smaller firms. When within-industry herding weakens, large price movements in the overall stock market provide additional trading signals for herding formation in this sector.</abstract><type>Journal Article</type><journal>Energy Economics</journal><volume>119</volume><journalNumber/><paginationStart/><paginationEnd/><publisher>Elsevier BV</publisher><placeOfPublication/><isbnPrint/><isbnElectronic/><issnPrint>0140-9883</issnPrint><issnElectronic/><keywords>Herd behaviour, New energy, Clean energy, Time-varying, Stock market effect</keywords><publishedDay>31</publishedDay><publishedMonth>3</publishedMonth><publishedYear>2023</publishedYear><publishedDate>2023-03-31</publishedDate><doi>10.1016/j.eneco.2023.106526</doi><url>http://dx.doi.org/10.1016/j.eneco.2023.106526</url><notes/><college>COLLEGE NANME</college><department>Management School</department><CollegeCode>COLLEGE CODE</CollegeCode><DepartmentCode>CBAE</DepartmentCode><institution>Swansea University</institution><apcterm/><funders/><projectreference/><lastEdited>2024-11-27T17:37:49.8661148</lastEdited><Created>2023-10-11T14:47:29.7647935</Created><path><level id="1">Faculty of Humanities and Social Sciences</level><level id="2">School of Management - Accounting and Finance</level></path><authors><author><firstname>Boru</firstname><surname>Ren</surname><orcid>0000-0001-8647-9689</orcid><order>1</order></author><author><firstname>Brian</firstname><surname>Lucey</surname><orcid>0000-0002-4052-8235</orcid><order>2</order></author></authors><documents/><OutputDurs/></rfc1807>
spelling 2024-11-27T17:37:49.8661148 v2 64718 2023-10-11 Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model 73321f2d7e2e1c7bd4be9bf6d47fd2a2 0000-0001-8647-9689 Boru Ren Boru Ren true false 2023-10-11 CBAE In this paper, we examine the herd behaviour of the Chinese renewable energy sector using both static and time-varying coefficient models. Examining daily data from January 05, 2015 to April 29, 2022, we find strong evidence of herding behaviour changing over time in this market. We find that herding asymmetry is more pronounced during up markets and among smaller firms. When within-industry herding weakens, large price movements in the overall stock market provide additional trading signals for herding formation in this sector. Journal Article Energy Economics 119 Elsevier BV 0140-9883 Herd behaviour, New energy, Clean energy, Time-varying, Stock market effect 31 3 2023 2023-03-31 10.1016/j.eneco.2023.106526 http://dx.doi.org/10.1016/j.eneco.2023.106526 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University 2024-11-27T17:37:49.8661148 2023-10-11T14:47:29.7647935 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Boru Ren 0000-0001-8647-9689 1 Brian Lucey 0000-0002-4052-8235 2
title Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
spellingShingle Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
Boru Ren
title_short Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
title_full Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
title_fullStr Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
title_full_unstemmed Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
title_sort Herding in the Chinese renewable energy market: Evidence from a bootstrapping time-varying coefficient autoregressive model
author_id_str_mv 73321f2d7e2e1c7bd4be9bf6d47fd2a2
author_id_fullname_str_mv 73321f2d7e2e1c7bd4be9bf6d47fd2a2_***_Boru Ren
author Boru Ren
author2 Boru Ren
Brian Lucey
format Journal article
container_title Energy Economics
container_volume 119
publishDate 2023
institution Swansea University
issn 0140-9883
doi_str_mv 10.1016/j.eneco.2023.106526
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1016/j.eneco.2023.106526
document_store_str 0
active_str 0
description In this paper, we examine the herd behaviour of the Chinese renewable energy sector using both static and time-varying coefficient models. Examining daily data from January 05, 2015 to April 29, 2022, we find strong evidence of herding behaviour changing over time in this market. We find that herding asymmetry is more pronounced during up markets and among smaller firms. When within-industry herding weakens, large price movements in the overall stock market provide additional trading signals for herding formation in this sector.
published_date 2023-03-31T08:30:42Z
_version_ 1822118319182839808
score 11.048366

Similar Items