TY - JOUR ID - 88170 TI - Exchange Rates, Gold Coin Prices, and Herding in the Stock Market JO - Iranian Economic Review JA - IER LA - en SN - 1026-6542 AU - Asadi, Gholam Hossein AU - Abdoh Tabrizi, Hossein AU - Farazmand, Sajad AD - Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran Y1 - 2022 PY - 2022 VL - 26 IS - 2 SP - 389 EP - 406 KW - Herding KW - Behavioral finance KW - decision-making KW - modeling KW - Stock Market Simulation DO - 10.22059/ier.2022.88170 N2 - This study investigated the occurrence of herding in the Iranian stock market and the effects of gold prices and currency exchange rates on this phenomenon. For this purpose, the rate at which herding occurs in the Tehran Stock Exchange was calculated and analyzed, after which stock price data were classified based on gold prices and currency exchange rates. Herding under different exchange rates and gold price returns was also examined. Results showed that herding in the stock market was significant at the 1% level during sharp changes in gold and currency prices. UR - https://ier.ut.ac.ir/article_88170.html L1 - https://ier.ut.ac.ir/article_88170_a1fe7ac96dc71c8113b5a15fe155cd53.pdf ER -