Abstract: After 1990, Romanian agriculture has undergone a long process of transition from command to market economy to adapt to the operation of the common market for integration into European structures and subsequently in 2007 to implement the Common Agricultural Policy. In terms of operational structures Romanian agriculture is uneven, and their dual nature is emphasized to the vast majority of Member States of the European Union. In Romania, the agricultural land fund is strongly affected by the fragmentation into small parcels, which leads in many cases impossible the application of modern agricultural technologies leading agricultural technology, scientifically, to obtain Farmland of stable production both in terms of quantity and quality.

• Publication Date: 19-Aug-2016
• DOI: 10.15224/978-1-63248-103-0-76
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Abstract: This paper analyzes herding behavior on the Karachi Stock Exchange (KSE) for a sample of 200 firms over a period of 10 years from 2004 to 2014 using two different methodologies presented by Christie and Huang (1995) and Chang et al. (2000). Herding can be defined as when investors neglect their own information and take after different investors’ investment choices. One of the contributions of this paper is to explore herding behavior not only on aggregate data of 200 firms but also on the basis of individual company as well. This study shows mixed results of herding based for the two methods employed in the research. Using the index data, the results on the basis of Christie and Huang (2004) method indicate presence of herding in the stock market while the results of Chang et al. (2000) method show an absence of herding behavior. However, individual company shows the existence of herding behavior; it refers that company follow each other during investment process. The absence of herdin

• Publication Date: 19-Aug-2016
• DOI: 10.15224/978-1-63248-103-0-81
• Views: 0
• Downloads: 0