id	sid	tid	token	lemma	pos
easat-2393	1	1	edelweiss	edelweiss	PROPN
easat-2393	1	2	applied	apply	VERB
easat-2393	1	3	science	science	NOUN
easat-2393	1	4	and	and	CCONJ
easat-2393	1	5	technology	technology	NOUN
easat-2393	1	6	issn	issn	PROPN
easat-2393	1	7	:	:	PUNCT
easat-2393	1	8	2576	2576	NUM
easat-2393	1	9	-	-	SYM
easat-2393	1	10	8484	8484	NUM
easat-2393	1	11	vol	vol	NOUN
easat-2393	1	12	.	.	PROPN
easat-2393	1	13	8	8	NUM
easat-2393	1	14	,	,	PUNCT
easat-2393	1	15	no	no	INTJ
easat-2393	1	16	.	.	NOUN
easat-2393	1	17	6	6	NUM
easat-2393	1	18	,	,	PUNCT
easat-2393	1	19	2121	2121	NUM
easat-2393	1	20	-	-	SYM
easat-2393	1	21	2132	2132	NUM
easat-2393	1	22	2024	2024	NUM
easat-2393	1	23	publisher	publisher	NOUN
easat-2393	1	24	:	:	PUNCT
easat-2393	1	25	learning	learn	VERB
easat-2393	1	26	gate	gate	NOUN
easat-2393	1	27	doi	doi	PROPN
easat-2393	1	28	:	:	PUNCT
easat-2393	1	29	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	1	30	©	©	PROPN
easat-2393	1	31	2024	2024	NUM
easat-2393	1	32	by	by	ADP
easat-2393	1	33	the	the	DET
easat-2393	1	34	authors	author	NOUN
easat-2393	1	35	;	;	PUNCT
easat-2393	1	36	licensee	licensee	PROPN
easat-2393	1	37	learning	learning	NOUN
easat-2393	1	38	gate	gate	NOUN
easat-2393	1	39	©	©	PROPN
easat-2393	1	40	2024	2024	NUM
easat-2393	1	41	by	by	ADP
easat-2393	1	42	the	the	DET
easat-2393	1	43	authors	author	NOUN
easat-2393	1	44	;	;	PUNCT
easat-2393	1	45	licensee	licensee	PROPN
easat-2393	1	46	learning	learn	VERB
easat-2393	1	47	gate	gate	NOUN
easat-2393	1	48	*	*	PUNCT
easat-2393	1	49	correspondence	correspondence	NOUN
easat-2393	1	50	:	:	PUNCT
easat-2393	1	51	zukarnainzakaria@imu.edu.my	zukarnainzakaria@imu.edu.my	NOUN
easat-2393	1	52	the	the	DET
easat-2393	1	53	effects	effect	NOUN
easat-2393	1	54	of	of	ADP
easat-2393	1	55	extreme	extreme	ADJ
easat-2393	1	56	market	market	NOUN
easat-2393	1	57	conditions	condition	NOUN
easat-2393	1	58	on	on	ADP
easat-2393	1	59	investors	investor	NOUN
easat-2393	1	60	’	’	PART
easat-2393	1	61	herding	herd	VERB
easat-2393	1	62	behavior	behavior	NOUN
easat-2393	1	63	in	in	ADP
easat-2393	1	64	the	the	DET
easat-2393	1	65	malaysian	malaysian	ADJ
easat-2393	1	66	stock	stock	NOUN
easat-2393	1	67	market	market	NOUN
easat-2393	1	68	norazura	norazura	PROPN
easat-2393	1	69	anuar1	anuar1	PROPN
easat-2393	1	70	,	,	PUNCT
easat-2393	1	71	zukarnain	zukarnain	VERB
easat-2393	1	72	zakaria2	zakaria2	PROPN
easat-2393	1	73	*	*	PROPN
easat-2393	1	74	,	,	PUNCT
easat-2393	1	75	rossilah	rossilah	PROPN
easat-2393	1	76	jamil3	jamil3	PROPN
easat-2393	1	77	,	,	PUNCT
easat-2393	1	78	mohd	mohd	PROPN
easat-2393	1	79	roslan	roslan	PROPN
easat-2393	1	80	ismail4	ismail4	PROPN
easat-2393	2	1	1,3azman	1,3azman	NUM
easat-2393	2	2	hashim	hashim	PROPN
easat-2393	2	3	international	international	PROPN
easat-2393	2	4	business	business	NOUN
easat-2393	2	5	school	school	NOUN
easat-2393	2	6	,	,	PUNCT
easat-2393	2	7	universiti	universiti	PROPN
easat-2393	2	8	teknologi	teknologi	PROPN
easat-2393	2	9	malaysia	malaysia	PROPN
easat-2393	2	10	,	,	PUNCT
easat-2393	2	11	kuala	kuala	PROPN
easat-2393	2	12	lumpur	lumpur	PROPN
easat-2393	2	13	,	,	PUNCT
easat-2393	2	14	malaysia	malaysia	PROPN
easat-2393	2	15	;	;	PUNCT
easat-2393	2	16	norazuraanuar@yahoo.com.my	norazuraanuar@yahoo.com.my	ADV
easat-2393	2	17	(	(	PUNCT
easat-2393	2	18	n.a	n.a	PROPN
easat-2393	2	19	.	.	PROPN
easat-2393	2	20	)	)	PUNCT
easat-2393	3	1	rosillah@utm.my	rosillah@utm.my	X
easat-2393	3	2	(	(	PUNCT
easat-2393	3	3	r.j	r.j	PROPN
easat-2393	3	4	.	.	PROPN
easat-2393	3	5	)	)	PUNCT
easat-2393	3	6	.	.	PUNCT
easat-2393	4	1	2,4school	2,4school	NUM
easat-2393	4	2	of	of	ADP
easat-2393	4	3	business	business	NOUN
easat-2393	4	4	and	and	CCONJ
easat-2393	4	5	technology	technology	NOUN
easat-2393	4	6	,	,	PUNCT
easat-2393	4	7	imu	imu	NOUN
easat-2393	4	8	university	university	NOUN
easat-2393	4	9	,	,	PUNCT
easat-2393	4	10	kuala	kuala	PROPN
easat-2393	4	11	lumpur	lumpur	PROPN
easat-2393	4	12	,	,	PUNCT
easat-2393	4	13	malaysia	malaysia	PROPN
easat-2393	4	14	;	;	PUNCT
easat-2393	4	15	zukarnainzakaria@imu.edu.my	zukarnainzakaria@imu.edu.my	NOUN
easat-2393	4	16	(	(	PUNCT
easat-2393	4	17	z.z	z.z	PROPN
easat-2393	4	18	.	.	NOUN
easat-2393	4	19	)	)	PUNCT
easat-2393	4	20	mohdroslan@imu.edu.my	mohdroslan@imu.edu.my	NOUN
easat-2393	4	21	(	(	PUNCT
easat-2393	4	22	m.r.i	m.r.i	NOUN
easat-2393	4	23	.	.	PUNCT
easat-2393	4	24	)	)	PUNCT
easat-2393	4	25	.	.	PUNCT
easat-2393	5	1	abstract	abstract	ADV
easat-2393	5	2	:	:	PUNCT
easat-2393	5	3	the	the	DET
easat-2393	5	4	presence	presence	NOUN
easat-2393	5	5	of	of	ADP
easat-2393	5	6	herding	herding	NOUN
easat-2393	5	7	behaviour	behaviour	NOUN
easat-2393	5	8	could	could	AUX
easat-2393	5	9	cause	cause	VERB
easat-2393	5	10	abnormality	abnormality	NOUN
easat-2393	5	11	and	and	CCONJ
easat-2393	5	12	extremely	extremely	ADV
easat-2393	5	13	volatile	volatile	ADJ
easat-2393	5	14	markets	market	NOUN
easat-2393	5	15	,	,	PUNCT
easat-2393	5	16	especially	especially	ADV
easat-2393	5	17	in	in	ADP
easat-2393	5	18	emerging	emerge	VERB
easat-2393	5	19	markets	market	NOUN
easat-2393	5	20	.	.	PUNCT
easat-2393	6	1	this	this	DET
easat-2393	6	2	behaviour	behaviour	NOUN
easat-2393	6	3	has	have	AUX
easat-2393	6	4	been	be	AUX
easat-2393	6	5	studied	study	VERB
easat-2393	6	6	extensively	extensively	ADV
easat-2393	6	7	but	but	CCONJ
easat-2393	6	8	with	with	ADP
easat-2393	6	9	inconclusive	inconclusive	ADJ
easat-2393	6	10	results	result	NOUN
easat-2393	6	11	.	.	PUNCT
easat-2393	7	1	this	this	DET
easat-2393	7	2	paper	paper	NOUN
easat-2393	7	3	investigates	investigate	VERB
easat-2393	7	4	the	the	DET
easat-2393	7	5	effects	effect	NOUN
easat-2393	7	6	of	of	ADP
easat-2393	7	7	extreme	extreme	ADJ
easat-2393	7	8	market	market	NOUN
easat-2393	7	9	conditions	condition	NOUN
easat-2393	7	10	on	on	ADP
easat-2393	7	11	investors	investor	NOUN
easat-2393	7	12	’	'	PUNCT
easat-2393	7	13	herding	herd	VERB
easat-2393	7	14	behaviour	behaviour	NOUN
easat-2393	7	15	in	in	ADP
easat-2393	7	16	the	the	DET
easat-2393	7	17	malaysian	malaysian	ADJ
easat-2393	7	18	stock	stock	NOUN
easat-2393	7	19	market	market	NOUN
easat-2393	7	20	.	.	PUNCT
easat-2393	8	1	two	two	NUM
easat-2393	8	2	common	common	ADJ
easat-2393	8	3	measures	measure	NOUN
easat-2393	8	4	for	for	ADP
easat-2393	8	5	herding	herd	VERB
easat-2393	8	6	behaviour	behaviour	NOUN
easat-2393	8	7	were	be	AUX
easat-2393	8	8	employed	employ	VERB
easat-2393	8	9	:	:	PUNCT
easat-2393	8	10	cross	cross	ADJ
easat-2393	8	11	-	-	ADJ
easat-2393	8	12	sectional	sectional	ADJ
easat-2393	8	13	standard	standard	ADJ
easat-2393	8	14	deviation	deviation	NOUN
easat-2393	8	15	(	(	PUNCT
easat-2393	8	16	cssd	cssd	NOUN
easat-2393	8	17	)	)	PUNCT
easat-2393	8	18	and	and	CCONJ
easat-2393	8	19	cross	cross	ADJ
easat-2393	8	20	-	-	ADJ
easat-2393	8	21	sectional	sectional	ADJ
easat-2393	8	22	absolute	absolute	ADJ
easat-2393	8	23	deviation	deviation	NOUN
easat-2393	8	24	(	(	PUNCT
easat-2393	8	25	csad	csad	NOUN
easat-2393	8	26	)	)	PUNCT
easat-2393	8	27	.	.	PUNCT
easat-2393	9	1	data	datum	NOUN
easat-2393	9	2	were	be	AUX
easat-2393	9	3	extracted	extract	VERB
easat-2393	9	4	from	from	ADP
easat-2393	9	5	the	the	DET
easat-2393	9	6	daily	daily	ADJ
easat-2393	9	7	closing	closing	NOUN
easat-2393	9	8	prices	price	NOUN
easat-2393	9	9	of	of	ADP
easat-2393	9	10	346	346	NUM
easat-2393	9	11	companies	company	NOUN
easat-2393	9	12	listed	list	VERB
easat-2393	9	13	on	on	ADP
easat-2393	9	14	bursa	bursa	PROPN
easat-2393	9	15	malaysia	malaysia	PROPN
easat-2393	9	16	.	.	PUNCT
easat-2393	10	1	the	the	DET
easat-2393	10	2	study	study	NOUN
easat-2393	10	3	spans	span	VERB
easat-2393	10	4	from	from	ADP
easat-2393	10	5	year	year	NOUN
easat-2393	10	6	2000	2000	NUM
easat-2393	10	7	to	to	ADP
easat-2393	10	8	2019	2019	NUM
easat-2393	10	9	,	,	PUNCT
easat-2393	10	10	consisting	consist	VERB
easat-2393	10	11	of	of	ADP
easat-2393	10	12	pre	pre	NOUN
easat-2393	10	13	-	-	NOUN
easat-2393	10	14	crisis	crisis	NOUN
easat-2393	10	15	,	,	PUNCT
easat-2393	10	16	during	during	ADP
easat-2393	10	17	-	-	PUNCT
easat-2393	10	18	crisis	crisis	NOUN
easat-2393	10	19	and	and	CCONJ
easat-2393	10	20	post	post	NOUN
easat-2393	10	21	-	-	NOUN
easat-2393	10	22	crisis	crisis	NOUN
easat-2393	10	23	,	,	PUNCT
easat-2393	10	24	during	during	ADP
easat-2393	10	25	upand	upand	PROPN
easat-2393	10	26	down	down	ADP
easat-2393	10	27	-	-	PUNCT
easat-2393	10	28	market	market	NOUN
easat-2393	10	29	conditions	condition	NOUN
easat-2393	10	30	.	.	PUNCT
easat-2393	11	1	the	the	DET
easat-2393	11	2	results	result	NOUN
easat-2393	11	3	from	from	ADP
easat-2393	11	4	cssd	cssd	NOUN
easat-2393	11	5	revealed	reveal	VERB
easat-2393	11	6	the	the	DET
easat-2393	11	7	presence	presence	NOUN
easat-2393	11	8	of	of	ADP
easat-2393	11	9	herding	herd	VERB
easat-2393	11	10	behaviour	behaviour	NOUN
easat-2393	11	11	during	during	ADP
easat-2393	11	12	the	the	DET
easat-2393	11	13	pre	pre	NOUN
easat-2393	11	14	-	-	NOUN
easat-2393	11	15	crisis	crisis	NOUN
easat-2393	11	16	in	in	ADP
easat-2393	11	17	both	both	CCONJ
easat-2393	11	18	extreme	extreme	ADJ
easat-2393	11	19	up	up	ADP
easat-2393	11	20	and	and	CCONJ
easat-2393	11	21	downmarket	downmarket	ADJ
easat-2393	11	22	conditions	condition	NOUN
easat-2393	11	23	.	.	PUNCT
easat-2393	12	1	in	in	ADP
easat-2393	12	2	the	the	DET
easat-2393	12	3	post	post	NOUN
easat-2393	12	4	-	-	NOUN
easat-2393	12	5	crisis	crisis	NOUN
easat-2393	12	6	,	,	PUNCT
easat-2393	12	7	herding	herd	VERB
easat-2393	12	8	behaviour	behaviour	NOUN
easat-2393	12	9	was	be	AUX
easat-2393	12	10	observed	observe	VERB
easat-2393	12	11	in	in	ADP
easat-2393	12	12	extreme	extreme	ADJ
easat-2393	12	13	up	up	ADJ
easat-2393	12	14	-	-	PUNCT
easat-2393	12	15	market	market	NOUN
easat-2393	12	16	conditions	condition	NOUN
easat-2393	12	17	.	.	PUNCT
easat-2393	13	1	using	use	VERB
easat-2393	13	2	csad	csad	PROPN
easat-2393	13	3	,	,	PUNCT
easat-2393	13	4	herding	herd	VERB
easat-2393	13	5	behaviour	behaviour	NOUN
easat-2393	13	6	was	be	AUX
easat-2393	13	7	prevalent	prevalent	ADJ
easat-2393	13	8	in	in	ADP
easat-2393	13	9	extreme	extreme	ADJ
easat-2393	13	10	up	up	ADJ
easat-2393	13	11	-	-	PUNCT
easat-2393	13	12	market	market	NOUN
easat-2393	13	13	conditions	condition	NOUN
easat-2393	13	14	and	and	CCONJ
easat-2393	13	15	post	post	NOUN
easat-2393	13	16	-	-	NOUN
easat-2393	13	17	crisis	crisis	NOUN
easat-2393	13	18	in	in	ADP
easat-2393	13	19	extreme	extreme	ADJ
easat-2393	13	20	down	down	ADJ
easat-2393	13	21	-	-	PUNCT
easat-2393	13	22	market	market	NOUN
easat-2393	13	23	conditions	condition	NOUN
easat-2393	13	24	.	.	PUNCT
easat-2393	14	1	these	these	DET
easat-2393	14	2	findings	finding	NOUN
easat-2393	14	3	offer	offer	VERB
easat-2393	14	4	additional	additional	ADJ
easat-2393	14	5	evidence	evidence	NOUN
easat-2393	14	6	supporting	support	VERB
easat-2393	14	7	the	the	DET
easat-2393	14	8	existence	existence	NOUN
easat-2393	14	9	of	of	ADP
easat-2393	14	10	herding	herd	VERB
easat-2393	14	11	behaviour	behaviour	NOUN
easat-2393	14	12	during	during	ADP
easat-2393	14	13	extreme	extreme	ADJ
easat-2393	14	14	market	market	NOUN
easat-2393	14	15	conditions	condition	NOUN
easat-2393	14	16	.	.	PUNCT
easat-2393	15	1	mitigating	mitigate	VERB
easat-2393	15	2	herding	herd	VERB
easat-2393	15	3	behaviour	behaviour	NOUN
easat-2393	15	4	through	through	ADP
easat-2393	15	5	enhanced	enhanced	ADJ
easat-2393	15	6	information	information	NOUN
easat-2393	15	7	disclosure	disclosure	NOUN
easat-2393	15	8	and	and	CCONJ
easat-2393	15	9	increased	increase	VERB
easat-2393	15	10	investor	investor	NOUN
easat-2393	15	11	awareness	awareness	NOUN
easat-2393	15	12	can	can	AUX
easat-2393	15	13	improve	improve	VERB
easat-2393	15	14	market	market	NOUN
easat-2393	15	15	quality	quality	NOUN
easat-2393	15	16	and	and	CCONJ
easat-2393	15	17	reduce	reduce	VERB
easat-2393	15	18	volatility	volatility	NOUN
easat-2393	15	19	.	.	PUNCT
easat-2393	16	1	keywords	keyword	NOUN
easat-2393	16	2	:	:	PUNCT
easat-2393	16	3	crisis	crisis	NOUN
easat-2393	16	4	,	,	PUNCT
easat-2393	16	5	emerging	emerge	VERB
easat-2393	16	6	markets	market	NOUN
easat-2393	16	7	,	,	PUNCT
easat-2393	16	8	herding	herding	NOUN
easat-2393	16	9	behaviour	behaviour	NOUN
easat-2393	16	10	,	,	PUNCT
easat-2393	16	11	market	market	NOUN
easat-2393	16	12	conditions	condition	NOUN
easat-2393	16	13	,	,	PUNCT
easat-2393	16	14	stock	stock	NOUN
easat-2393	16	15	market	market	NOUN
easat-2393	16	16	.	.	PUNCT
easat-2393	17	1	1	1	X
easat-2393	17	2	.	.	X
easat-2393	17	3	introduction	introduction	NOUN
easat-2393	17	4	various	various	ADJ
easat-2393	17	5	studies	study	NOUN
easat-2393	17	6	found	find	VERB
easat-2393	17	7	that	that	SCONJ
easat-2393	17	8	the	the	DET
easat-2393	17	9	financial	financial	ADJ
easat-2393	17	10	crisis	crisis	NOUN
easat-2393	17	11	has	have	AUX
easat-2393	17	12	made	make	VERB
easat-2393	17	13	stock	stock	NOUN
easat-2393	17	14	market	market	NOUN
easat-2393	17	15	prices	price	NOUN
easat-2393	17	16	deviate	deviate	VERB
easat-2393	17	17	from	from	ADP
easat-2393	17	18	their	their	PRON
easat-2393	17	19	fundamental	fundamental	ADJ
easat-2393	17	20	values	value	NOUN
easat-2393	17	21	[	[	X
easat-2393	17	22	5,12,17,38	5,12,17,38	NUM
easat-2393	17	23	]	]	PUNCT
easat-2393	17	24	.	.	PUNCT
easat-2393	18	1	they	they	PRON
easat-2393	18	2	argued	argue	VERB
easat-2393	18	3	that	that	SCONJ
easat-2393	18	4	investors	investor	NOUN
easat-2393	18	5	’	’	PART
easat-2393	18	6	behaviour	behaviour	NOUN
easat-2393	18	7	is	be	AUX
easat-2393	18	8	one	one	NUM
easat-2393	18	9	of	of	ADP
easat-2393	18	10	the	the	DET
easat-2393	18	11	contributing	contribute	VERB
easat-2393	18	12	factors	factor	NOUN
easat-2393	18	13	to	to	ADP
easat-2393	18	14	this	this	DET
easat-2393	18	15	phenomenon	phenomenon	NOUN
easat-2393	18	16	.	.	PUNCT
easat-2393	19	1	according	accord	VERB
easat-2393	19	2	to	to	ADP
easat-2393	19	3	the	the	DET
easat-2393	19	4	literature	literature	NOUN
easat-2393	19	5	,	,	PUNCT
easat-2393	19	6	during	during	ADP
easat-2393	19	7	crises	crisis	NOUN
easat-2393	19	8	and	and	CCONJ
easat-2393	19	9	extremely	extremely	ADV
easat-2393	19	10	volatile	volatile	ADJ
easat-2393	19	11	markets	market	NOUN
easat-2393	19	12	,	,	PUNCT
easat-2393	19	13	investors	investor	NOUN
easat-2393	19	14	'	'	PART
easat-2393	19	15	herding	herding	NOUN
easat-2393	19	16	behaviour	behaviour	NOUN
easat-2393	19	17	may	may	AUX
easat-2393	19	18	lead	lead	VERB
easat-2393	19	19	to	to	ADP
easat-2393	19	20	market	market	NOUN
easat-2393	19	21	anomalies	anomaly	NOUN
easat-2393	19	22	and	and	CCONJ
easat-2393	19	23	a	a	DET
easat-2393	19	24	divergence	divergence	NOUN
easat-2393	19	25	from	from	ADP
easat-2393	19	26	the	the	DET
easat-2393	19	27	emh	emh	PROPN
easat-2393	19	28	.	.	PUNCT
easat-2393	20	1	herding	herd	VERB
easat-2393	20	2	behaviour	behaviour	NOUN
easat-2393	20	3	refers	refer	VERB
easat-2393	20	4	to	to	ADP
easat-2393	20	5	the	the	DET
easat-2393	20	6	behaviour	behaviour	NOUN
easat-2393	20	7	where	where	SCONJ
easat-2393	20	8	investors	investor	NOUN
easat-2393	20	9	ignore	ignore	VERB
easat-2393	20	10	their	their	PRON
easat-2393	20	11	own	own	ADJ
easat-2393	20	12	opinions	opinion	NOUN
easat-2393	20	13	and	and	CCONJ
easat-2393	20	14	knowledge	knowledge	NOUN
easat-2393	20	15	,	,	PUNCT
easat-2393	20	16	but	but	CCONJ
easat-2393	20	17	follow	follow	VERB
easat-2393	20	18	a	a	DET
easat-2393	20	19	collective	collective	ADJ
easat-2393	20	20	trading	trading	NOUN
easat-2393	20	21	behaviour	behaviour	NOUN
easat-2393	20	22	[	[	X
easat-2393	20	23	29	29	NUM
easat-2393	20	24	]	]	PUNCT
easat-2393	20	25	.	.	PUNCT
easat-2393	21	1	investors	investor	NOUN
easat-2393	21	2	imitate	imitate	VERB
easat-2393	21	3	other	other	ADJ
easat-2393	21	4	investors	investor	NOUN
easat-2393	21	5	because	because	SCONJ
easat-2393	21	6	they	they	PRON
easat-2393	21	7	lack	lack	VERB
easat-2393	21	8	the	the	DET
easat-2393	21	9	necessary	necessary	ADJ
easat-2393	21	10	information	information	NOUN
easat-2393	21	11	or	or	CCONJ
easat-2393	21	12	believe	believe	VERB
easat-2393	21	13	that	that	SCONJ
easat-2393	21	14	other	other	ADJ
easat-2393	21	15	investors	investor	NOUN
easat-2393	21	16	have	have	VERB
easat-2393	21	17	more	more	ADV
easat-2393	21	18	updated	update	VERB
easat-2393	21	19	information	information	NOUN
easat-2393	21	20	than	than	SCONJ
easat-2393	21	21	they	they	PRON
easat-2393	21	22	do	do	VERB
easat-2393	21	23	.	.	PUNCT
easat-2393	22	1	in	in	ADP
easat-2393	22	2	other	other	ADJ
easat-2393	22	3	words	word	NOUN
easat-2393	22	4	,	,	PUNCT
easat-2393	22	5	herding	herd	VERB
easat-2393	22	6	behaviour	behaviour	NOUN
easat-2393	22	7	occurs	occur	VERB
easat-2393	22	8	because	because	SCONJ
easat-2393	22	9	investors	investor	NOUN
easat-2393	22	10	disregard	disregard	VERB
easat-2393	22	11	fundamental	fundamental	ADJ
easat-2393	22	12	analyses	analysis	NOUN
easat-2393	22	13	in	in	ADP
easat-2393	22	14	their	their	PRON
easat-2393	22	15	investment	investment	NOUN
easat-2393	22	16	decisions	decision	NOUN
easat-2393	22	17	.	.	PUNCT
easat-2393	23	1	this	this	DET
easat-2393	23	2	behaviour	behaviour	NOUN
easat-2393	23	3	becomes	become	VERB
easat-2393	23	4	apparent	apparent	ADJ
easat-2393	23	5	among	among	ADP
easat-2393	23	6	inexperienced	inexperienced	ADJ
easat-2393	23	7	investors	investor	NOUN
easat-2393	23	8	who	who	PRON
easat-2393	23	9	are	be	AUX
easat-2393	23	10	unfamiliar	unfamiliar	ADJ
easat-2393	23	11	with	with	ADP
easat-2393	23	12	the	the	DET
easat-2393	23	13	market	market	NOUN
easat-2393	23	14	[	[	X
easat-2393	23	15	30	30	NUM
easat-2393	23	16	]	]	PUNCT
easat-2393	23	17	.	.	PUNCT
easat-2393	24	1	the	the	DET
easat-2393	24	2	presence	presence	NOUN
easat-2393	24	3	of	of	ADP
easat-2393	24	4	herding	herd	VERB
easat-2393	24	5	behaviour	behaviour	NOUN
easat-2393	24	6	in	in	ADP
easat-2393	24	7	financial	financial	ADJ
easat-2393	24	8	markets	market	NOUN
easat-2393	24	9	has	have	VERB
easat-2393	24	10	significant	significant	ADJ
easat-2393	24	11	implications	implication	NOUN
easat-2393	24	12	for	for	ADP
easat-2393	24	13	policymakers	policymaker	NOUN
easat-2393	24	14	.	.	PUNCT
easat-2393	25	1	herding	herding	NOUN
easat-2393	25	2	can	can	AUX
easat-2393	25	3	lead	lead	VERB
easat-2393	25	4	to	to	ADP
easat-2393	25	5	market	market	NOUN
easat-2393	25	6	inefficiencies	inefficiency	NOUN
easat-2393	25	7	,	,	PUNCT
easat-2393	25	8	increased	increase	VERB
easat-2393	25	9	volatility	volatility	NOUN
easat-2393	25	10	,	,	PUNCT
easat-2393	25	11	and	and	CCONJ
easat-2393	25	12	the	the	DET
easat-2393	25	13	potential	potential	NOUN
easat-2393	25	14	for	for	ADP
easat-2393	25	15	systemic	systemic	ADJ
easat-2393	25	16	risks	risk	NOUN
easat-2393	25	17	.	.	PUNCT
easat-2393	26	1	persistent	persistent	ADJ
easat-2393	26	2	herding	herding	NOUN
easat-2393	26	3	can	can	AUX
easat-2393	26	4	undermine	undermine	VERB
easat-2393	26	5	investor	investor	NOUN
easat-2393	26	6	confidence	confidence	NOUN
easat-2393	26	7	in	in	ADP
easat-2393	26	8	the	the	DET
easat-2393	26	9	market	market	NOUN
easat-2393	26	10	’s	’s	PART
easat-2393	26	11	ability	ability	NOUN
easat-2393	26	12	to	to	PART
easat-2393	26	13	reflect	reflect	VERB
easat-2393	26	14	true	true	ADJ
easat-2393	26	15	asset	asset	NOUN
easat-2393	26	16	values	value	NOUN
easat-2393	26	17	.	.	PUNCT
easat-2393	27	1	this	this	PRON
easat-2393	27	2	can	can	AUX
easat-2393	27	3	reduce	reduce	VERB
easat-2393	27	4	participation	participation	NOUN
easat-2393	27	5	and	and	CCONJ
easat-2393	27	6	liquidity	liquidity	NOUN
easat-2393	27	7	in	in	ADP
easat-2393	27	8	the	the	DET
easat-2393	27	9	market	market	NOUN
easat-2393	27	10	.	.	PUNCT
easat-2393	28	1	in	in	ADP
easat-2393	28	2	addition	addition	NOUN
easat-2393	28	3	,	,	PUNCT
easat-2393	28	4	herding	herding	NOUN
easat-2393	28	5	can	can	AUX
easat-2393	28	6	affect	affect	VERB
easat-2393	28	7	the	the	DET
easat-2393	28	8	transmission	transmission	NOUN
easat-2393	28	9	mechanisms	mechanism	NOUN
easat-2393	28	10	of	of	ADP
easat-2393	28	11	monetary	monetary	ADJ
easat-2393	28	12	and	and	CCONJ
easat-2393	28	13	fiscal	fiscal	ADJ
easat-2393	28	14	policies	policy	NOUN
easat-2393	28	15	.	.	PUNCT
easat-2393	29	1	for	for	ADP
easat-2393	29	2	instance	instance	NOUN
easat-2393	29	3	,	,	PUNCT
easat-2393	29	4	if	if	SCONJ
easat-2393	29	5	herding	herding	NOUN
easat-2393	29	6	leads	lead	VERB
easat-2393	29	7	to	to	ADP
easat-2393	29	8	asset	asset	NOUN
easat-2393	29	9	bubbles	bubble	NOUN
easat-2393	29	10	,	,	PUNCT
easat-2393	29	11	traditional	traditional	ADJ
easat-2393	29	12	policy	policy	NOUN
easat-2393	29	13	tools	tool	NOUN
easat-2393	29	14	might	might	AUX
easat-2393	29	15	be	be	AUX
easat-2393	29	16	less	less	ADV
easat-2393	29	17	effective	effective	ADJ
easat-2393	29	18	in	in	ADP
easat-2393	29	19	stabilising	stabilise	VERB
easat-2393	29	20	the	the	DET
easat-2393	29	21	economy	economy	NOUN
easat-2393	29	22	.	.	PUNCT
easat-2393	30	1	herding	herding	NOUN
easat-2393	30	2	has	have	AUX
easat-2393	30	3	been	be	AUX
easat-2393	30	4	proven	prove	VERB
easat-2393	30	5	to	to	PART
easat-2393	30	6	commonly	commonly	ADV
easat-2393	30	7	happen	happen	VERB
easat-2393	30	8	during	during	ADP
easat-2393	30	9	crises	crisis	NOUN
easat-2393	30	10	and	and	CCONJ
easat-2393	30	11	is	be	AUX
easat-2393	30	12	more	more	ADV
easat-2393	30	13	likely	likely	ADJ
easat-2393	30	14	to	to	PART
easat-2393	30	15	occur	occur	VERB
easat-2393	30	16	during	during	ADP
easat-2393	30	17	major	major	ADJ
easat-2393	30	18	market	market	NOUN
easat-2393	30	19	fluctuations	fluctuation	NOUN
easat-2393	31	1	[	[	X
easat-2393	31	2	10,12	10,12	NUM
easat-2393	31	3	]	]	PUNCT
easat-2393	31	4	.	.	PUNCT
easat-2393	32	1	herding	herd	VERB
easat-2393	32	2	behaviour	behaviour	NOUN
easat-2393	32	3	is	be	AUX
easat-2393	32	4	also	also	ADV
easat-2393	32	5	anticipated	anticipate	VERB
easat-2393	32	6	to	to	PART
easat-2393	32	7	be	be	AUX
easat-2393	32	8	more	more	ADV
easat-2393	32	9	prevalent	prevalent	ADJ
easat-2393	32	10	during	during	ADP
easat-2393	32	11	extreme	extreme	ADJ
easat-2393	32	12	2122	2122	NUM
easat-2393	32	13	edelweiss	edelweiss	PROPN
easat-2393	32	14	applied	apply	VERB
easat-2393	32	15	science	science	NOUN
easat-2393	32	16	and	and	CCONJ
easat-2393	32	17	technology	technology	NOUN
easat-2393	32	18	issn	issn	PROPN
easat-2393	32	19	:	:	PUNCT
easat-2393	32	20	2576	2576	NUM
easat-2393	32	21	-	-	SYM
easat-2393	32	22	8484	8484	NUM
easat-2393	32	23	vol	vol	NOUN
easat-2393	32	24	.	.	PROPN
easat-2393	33	1	8	8	NUM
easat-2393	33	2	,	,	PUNCT
easat-2393	33	3	no	no	INTJ
easat-2393	33	4	.	.	NOUN
easat-2393	34	1	6	6	NUM
easat-2393	34	2	:	:	SYM
easat-2393	34	3	2121	2121	NUM
easat-2393	34	4	-	-	SYM
easat-2393	34	5	2132	2132	NUM
easat-2393	34	6	,	,	PUNCT
easat-2393	34	7	2024	2024	NUM
easat-2393	34	8	doi	doi	NOUN
easat-2393	34	9	:	:	PUNCT
easat-2393	34	10	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	34	11	©	©	PROPN
easat-2393	34	12	2024	2024	NUM
easat-2393	34	13	by	by	ADP
easat-2393	34	14	the	the	DET
easat-2393	34	15	authors	author	NOUN
easat-2393	34	16	;	;	PUNCT
easat-2393	35	1	licensee	licensee	PROPN
easat-2393	35	2	learning	learn	VERB
easat-2393	35	3	gate	gate	NOUN
easat-2393	35	4	market	market	NOUN
easat-2393	35	5	conditions	condition	NOUN
easat-2393	35	6	when	when	SCONJ
easat-2393	35	7	individual	individual	ADJ
easat-2393	35	8	investors	investor	NOUN
easat-2393	35	9	are	be	AUX
easat-2393	35	10	more	more	ADV
easat-2393	35	11	likely	likely	ADJ
easat-2393	35	12	to	to	PART
easat-2393	35	13	follow	follow	VERB
easat-2393	35	14	the	the	DET
easat-2393	35	15	crowd	crowd	NOUN
easat-2393	35	16	rather	rather	ADV
easat-2393	35	17	than	than	ADP
easat-2393	35	18	their	their	PRON
easat-2393	35	19	own	own	ADJ
easat-2393	35	20	beliefs	belief	NOUN
easat-2393	35	21	or	or	CCONJ
easat-2393	35	22	knowledge	knowledge	NOUN
easat-2393	35	23	[	[	X
easat-2393	35	24	8,23	8,23	NOUN
easat-2393	35	25	]	]	PUNCT
easat-2393	35	26	.	.	PUNCT
easat-2393	36	1	in	in	ADP
easat-2393	36	2	brief	brief	ADJ
easat-2393	36	3	,	,	PUNCT
easat-2393	36	4	previous	previous	ADJ
easat-2393	36	5	studies	study	NOUN
easat-2393	36	6	found	find	VERB
easat-2393	36	7	that	that	SCONJ
easat-2393	36	8	herding	herd	VERB
easat-2393	36	9	behaviour	behaviour	NOUN
easat-2393	36	10	commonly	commonly	ADV
easat-2393	36	11	appears	appear	VERB
easat-2393	36	12	in	in	ADP
easat-2393	36	13	a	a	DET
easat-2393	36	14	highly	highly	ADV
easat-2393	36	15	volatile	volatile	ADJ
easat-2393	36	16	market	market	NOUN
easat-2393	36	17	and	and	CCONJ
easat-2393	36	18	high	high	ADJ
easat-2393	36	19	uncertainty	uncertainty	NOUN
easat-2393	36	20	.	.	PUNCT
easat-2393	37	1	most	most	ADJ
easat-2393	37	2	of	of	ADP
easat-2393	37	3	the	the	DET
easat-2393	37	4	studies	study	NOUN
easat-2393	37	5	on	on	ADP
easat-2393	37	6	herding	herd	VERB
easat-2393	37	7	behaviour	behaviour	NOUN
easat-2393	37	8	were	be	AUX
easat-2393	37	9	conducted	conduct	VERB
easat-2393	37	10	in	in	ADP
easat-2393	37	11	developed	develop	VERB
easat-2393	37	12	markets	market	NOUN
easat-2393	37	13	,	,	PUNCT
easat-2393	37	14	and	and	CCONJ
easat-2393	37	15	only	only	ADV
easat-2393	37	16	a	a	DET
easat-2393	37	17	few	few	ADJ
easat-2393	37	18	focused	focused	ADJ
easat-2393	37	19	on	on	ADP
easat-2393	37	20	emerging	emerge	VERB
easat-2393	37	21	economies	economy	NOUN
easat-2393	37	22	[	[	X
easat-2393	37	23	4,12,24	4,12,24	NUM
easat-2393	37	24	]	]	X
easat-2393	37	25	.	.	PUNCT
easat-2393	38	1	generally	generally	ADV
easat-2393	38	2	,	,	PUNCT
easat-2393	38	3	empirically	empirically	ADV
easat-2393	38	4	,	,	PUNCT
easat-2393	38	5	there	there	PRON
easat-2393	38	6	is	be	VERB
easat-2393	38	7	still	still	ADV
easat-2393	38	8	inconclusive	inconclusive	ADJ
easat-2393	38	9	evidence	evidence	NOUN
easat-2393	38	10	regarding	regard	VERB
easat-2393	38	11	the	the	DET
easat-2393	38	12	presence	presence	NOUN
easat-2393	38	13	of	of	ADP
easat-2393	38	14	herding	herd	VERB
easat-2393	38	15	behaviour	behaviour	NOUN
easat-2393	38	16	[	[	X
easat-2393	38	17	9,43	9,43	X
easat-2393	38	18	]	]	X
easat-2393	38	19	.	.	PUNCT
easat-2393	39	1	thus	thus	ADV
easat-2393	39	2	,	,	PUNCT
easat-2393	39	3	it	it	PRON
easat-2393	39	4	is	be	AUX
easat-2393	39	5	interesting	interesting	ADJ
easat-2393	39	6	to	to	PART
easat-2393	39	7	examine	examine	VERB
easat-2393	39	8	herding	herd	VERB
easat-2393	39	9	behaviour	behaviour	NOUN
easat-2393	39	10	in	in	ADP
easat-2393	39	11	emerging	emerge	VERB
easat-2393	39	12	economies	economy	NOUN
easat-2393	39	13	for	for	ADP
easat-2393	39	14	several	several	ADJ
easat-2393	39	15	reasons	reason	NOUN
easat-2393	39	16	.	.	PUNCT
easat-2393	40	1	herding	herd	VERB
easat-2393	40	2	behaviour	behaviour	NOUN
easat-2393	40	3	has	have	AUX
easat-2393	40	4	been	be	AUX
easat-2393	40	5	associated	associate	VERB
easat-2393	40	6	with	with	ADP
easat-2393	40	7	abnormal	abnormal	ADJ
easat-2393	40	8	market	market	NOUN
easat-2393	40	9	volatility	volatility	NOUN
easat-2393	40	10	and	and	CCONJ
easat-2393	40	11	market	market	NOUN
easat-2393	40	12	inefficiencies	inefficiency	NOUN
easat-2393	40	13	,	,	PUNCT
easat-2393	40	14	poor	poor	ADJ
easat-2393	40	15	corporate	corporate	ADJ
easat-2393	40	16	governance	governance	NOUN
easat-2393	40	17	,	,	PUNCT
easat-2393	40	18	insider	insider	NOUN
easat-2393	40	19	trading	trading	NOUN
easat-2393	40	20	,	,	PUNCT
easat-2393	40	21	weak	weak	ADJ
easat-2393	40	22	market	market	NOUN
easat-2393	40	23	regulation	regulation	NOUN
easat-2393	40	24	,	,	PUNCT
easat-2393	40	25	frequent	frequent	ADJ
easat-2393	40	26	government	government	NOUN
easat-2393	40	27	and	and	CCONJ
easat-2393	40	28	central	central	ADJ
easat-2393	40	29	bank	bank	NOUN
easat-2393	40	30	intervention	intervention	NOUN
easat-2393	40	31	,	,	PUNCT
easat-2393	40	32	uneducated	uneducated	ADJ
easat-2393	40	33	investors	investor	NOUN
easat-2393	40	34	and	and	CCONJ
easat-2393	40	35	inadequate	inadequate	ADJ
easat-2393	40	36	rules	rule	NOUN
easat-2393	40	37	for	for	ADP
easat-2393	40	38	listed	list	VERB
easat-2393	40	39	businesses	business	NOUN
easat-2393	40	40	'	'	PART
easat-2393	40	41	information	information	NOUN
easat-2393	40	42	disclosure	disclosure	NOUN
easat-2393	40	43	[	[	X
easat-2393	40	44	32	32	NUM
easat-2393	40	45	]	]	PUNCT
easat-2393	40	46	.	.	PUNCT
easat-2393	41	1	as	as	ADP
easat-2393	41	2	an	an	DET
easat-2393	41	3	emerging	emerge	VERB
easat-2393	41	4	market	market	NOUN
easat-2393	41	5	,	,	PUNCT
easat-2393	41	6	the	the	DET
easat-2393	41	7	malaysian	malaysian	ADJ
easat-2393	41	8	stock	stock	NOUN
easat-2393	41	9	market	market	NOUN
easat-2393	41	10	can	can	AUX
easat-2393	41	11	be	be	AUX
easat-2393	41	12	seen	see	VERB
easat-2393	41	13	as	as	ADP
easat-2393	41	14	inefficient	inefficient	ADJ
easat-2393	41	15	because	because	SCONJ
easat-2393	41	16	the	the	DET
easat-2393	41	17	noninstitutional	noninstitutional	ADJ
easat-2393	41	18	investors	investor	NOUN
easat-2393	41	19	are	be	AUX
easat-2393	41	20	more	more	ADV
easat-2393	41	21	dominant	dominant	ADJ
easat-2393	41	22	and	and	CCONJ
easat-2393	41	23	there	there	PRON
easat-2393	41	24	is	be	VERB
easat-2393	41	25	also	also	ADV
easat-2393	41	26	a	a	DET
easat-2393	41	27	problem	problem	NOUN
easat-2393	41	28	of	of	ADP
easat-2393	41	29	information	information	NOUN
easat-2393	41	30	asymmetry	asymmetry	NOUN
easat-2393	41	31	among	among	ADP
easat-2393	41	32	the	the	DET
easat-2393	41	33	investors	investor	NOUN
easat-2393	42	1	[	[	X
easat-2393	42	2	4,23	4,23	X
easat-2393	42	3	]	]	X
easat-2393	42	4	.	.	PUNCT
easat-2393	43	1	emerging	emerge	VERB
easat-2393	43	2	markets	market	NOUN
easat-2393	43	3	have	have	AUX
easat-2393	43	4	been	be	AUX
easat-2393	43	5	portrayed	portray	VERB
easat-2393	43	6	as	as	ADP
easat-2393	43	7	having	have	VERB
easat-2393	43	8	imperfect	imperfect	ADJ
easat-2393	43	9	regulatory	regulatory	ADJ
easat-2393	43	10	frameworks	framework	NOUN
easat-2393	43	11	,	,	PUNCT
easat-2393	43	12	particularly	particularly	ADV
easat-2393	43	13	in	in	ADP
easat-2393	43	14	terms	term	NOUN
easat-2393	43	15	of	of	ADP
easat-2393	43	16	market	market	NOUN
easat-2393	43	17	transparency	transparency	NOUN
easat-2393	43	18	.	.	PUNCT
easat-2393	44	1	the	the	DET
easat-2393	44	2	unavailability	unavailability	NOUN
easat-2393	44	3	of	of	ADP
easat-2393	44	4	reliable	reliable	ADJ
easat-2393	44	5	information	information	NOUN
easat-2393	44	6	is	be	AUX
easat-2393	44	7	another	another	DET
easat-2393	44	8	reason	reason	NOUN
easat-2393	44	9	for	for	ADP
easat-2393	44	10	the	the	DET
easat-2393	44	11	herding	herd	VERB
easat-2393	44	12	behaviour	behaviour	NOUN
easat-2393	44	13	occurrence	occurrence	NOUN
easat-2393	44	14	and	and	CCONJ
easat-2393	44	15	this	this	DET
easat-2393	44	16	reason	reason	NOUN
easat-2393	44	17	appears	appear	VERB
easat-2393	44	18	to	to	PART
easat-2393	44	19	be	be	AUX
easat-2393	44	20	an	an	DET
easat-2393	44	21	essential	essential	ADJ
easat-2393	44	22	issue	issue	NOUN
easat-2393	44	23	for	for	ADP
easat-2393	44	24	emerging	emerge	VERB
easat-2393	44	25	markets	market	NOUN
easat-2393	44	26	like	like	ADP
easat-2393	44	27	malaysia	malaysia	PROPN
easat-2393	45	1	[	[	X
easat-2393	45	2	22	22	NUM
easat-2393	45	3	]	]	PUNCT
easat-2393	45	4	.	.	PUNCT
easat-2393	46	1	this	this	DET
easat-2393	46	2	behaviour	behaviour	NOUN
easat-2393	46	3	could	could	AUX
easat-2393	46	4	cause	cause	VERB
easat-2393	46	5	difficulty	difficulty	NOUN
easat-2393	46	6	for	for	SCONJ
easat-2393	46	7	investors	investor	NOUN
easat-2393	46	8	in	in	ADP
easat-2393	46	9	the	the	DET
easat-2393	46	10	malaysian	malaysian	ADJ
easat-2393	46	11	stock	stock	NOUN
easat-2393	46	12	market	market	NOUN
easat-2393	46	13	to	to	PART
easat-2393	46	14	manage	manage	VERB
easat-2393	46	15	their	their	PRON
easat-2393	46	16	portfolios	portfolio	NOUN
easat-2393	46	17	effectively	effectively	ADV
easat-2393	46	18	.	.	PUNCT
easat-2393	47	1	malaysia	malaysia	PROPN
easat-2393	47	2	's	's	PART
easat-2393	47	3	stock	stock	NOUN
easat-2393	47	4	market	market	NOUN
easat-2393	47	5	is	be	AUX
easat-2393	47	6	also	also	ADV
easat-2393	47	7	very	very	ADV
easat-2393	47	8	sensitive	sensitive	ADJ
easat-2393	47	9	to	to	ADP
easat-2393	47	10	the	the	DET
easat-2393	47	11	shock	shock	NOUN
easat-2393	47	12	in	in	ADP
easat-2393	47	13	the	the	DET
easat-2393	47	14	global	global	ADJ
easat-2393	47	15	economy	economy	NOUN
easat-2393	47	16	.	.	PUNCT
easat-2393	48	1	for	for	ADP
easat-2393	48	2	example	example	NOUN
easat-2393	48	3	,	,	PUNCT
easat-2393	48	4	when	when	SCONJ
easat-2393	48	5	malaysia	malaysia	PROPN
easat-2393	48	6	's	's	PART
easat-2393	48	7	gross	gross	ADJ
easat-2393	48	8	domestic	domestic	ADJ
easat-2393	48	9	product	product	NOUN
easat-2393	48	10	(	(	PUNCT
easat-2393	48	11	gdp	gdp	NOUN
easat-2393	48	12	)	)	PUNCT
easat-2393	48	13	growth	growth	NOUN
easat-2393	48	14	decreased	decrease	VERB
easat-2393	48	15	during	during	ADP
easat-2393	48	16	the	the	DET
easat-2393	48	17	global	global	ADJ
easat-2393	48	18	financial	financial	ADJ
easat-2393	48	19	crisis	crisis	NOUN
easat-2393	48	20	from	from	ADP
easat-2393	48	21	7.6	7.6	NUM
easat-2393	48	22	%	%	NOUN
easat-2393	48	23	in	in	ADP
easat-2393	48	24	the	the	DET
easat-2393	48	25	first	first	ADJ
easat-2393	48	26	quarter	quarter	NOUN
easat-2393	48	27	of	of	ADP
easat-2393	48	28	2008	2008	NUM
easat-2393	48	29	to	to	PART
easat-2393	48	30	-6.2	-6.2	VERB
easat-2393	48	31	%	%	NOUN
easat-2393	48	32	in	in	ADP
easat-2393	48	33	the	the	DET
easat-2393	48	34	first	first	ADJ
easat-2393	48	35	quarter	quarter	NOUN
easat-2393	48	36	of	of	ADP
easat-2393	48	37	2009	2009	NUM
easat-2393	48	38	[	[	X
easat-2393	48	39	36	36	NUM
easat-2393	48	40	]	]	PUNCT
easat-2393	48	41	,	,	PUNCT
easat-2393	48	42	its	its	PRON
easat-2393	48	43	stock	stock	NOUN
easat-2393	48	44	market	market	NOUN
easat-2393	48	45	was	be	AUX
easat-2393	48	46	severely	severely	ADV
easat-2393	48	47	affected	affect	VERB
easat-2393	48	48	.	.	PUNCT
easat-2393	49	1	the	the	DET
easat-2393	49	2	kuala	kuala	PROPN
easat-2393	49	3	-	-	PUNCT
easat-2393	49	4	lumpur	lumpur	NOUN
easat-2393	49	5	composite	composite	ADJ
easat-2393	49	6	index	index	NOUN
easat-2393	49	7	(	(	PUNCT
easat-2393	49	8	klci	klci	NOUN
easat-2393	49	9	)	)	PUNCT
easat-2393	49	10	plummeted	plummet	VERB
easat-2393	49	11	from	from	ADP
easat-2393	49	12	1393	1393	NUM
easat-2393	49	13	points	point	NOUN
easat-2393	49	14	in	in	ADP
easat-2393	49	15	january	january	PROPN
easat-2393	49	16	2008	2008	NUM
easat-2393	49	17	to	to	ADP
easat-2393	49	18	876	876	NUM
easat-2393	49	19	points	point	NOUN
easat-2393	49	20	in	in	ADP
easat-2393	49	21	december	december	PROPN
easat-2393	49	22	2009	2009	NUM
easat-2393	50	1	[	[	X
easat-2393	50	2	1	1	NUM
easat-2393	50	3	]	]	PUNCT
easat-2393	50	4	.	.	PUNCT
easat-2393	51	1	however	however	ADV
easat-2393	51	2	,	,	PUNCT
easat-2393	51	3	how	how	SCONJ
easat-2393	51	4	malaysian	malaysian	ADJ
easat-2393	51	5	investors	investor	NOUN
easat-2393	51	6	behave	behave	VERB
easat-2393	51	7	during	during	ADP
easat-2393	51	8	this	this	DET
easat-2393	51	9	extreme	extreme	ADJ
easat-2393	51	10	market	market	NOUN
easat-2393	51	11	condition	condition	NOUN
easat-2393	51	12	is	be	AUX
easat-2393	51	13	still	still	ADV
easat-2393	51	14	not	not	PART
easat-2393	51	15	very	very	ADV
easat-2393	51	16	clear	clear	ADJ
easat-2393	51	17	.	.	PUNCT
easat-2393	52	1	therefore	therefore	ADV
easat-2393	52	2	,	,	PUNCT
easat-2393	52	3	this	this	DET
easat-2393	52	4	paper	paper	NOUN
easat-2393	52	5	aims	aim	VERB
easat-2393	52	6	to	to	PART
easat-2393	52	7	empirically	empirically	ADV
easat-2393	52	8	investigate	investigate	VERB
easat-2393	52	9	the	the	DET
easat-2393	52	10	effects	effect	NOUN
easat-2393	52	11	of	of	ADP
easat-2393	52	12	market	market	NOUN
easat-2393	52	13	conditions	condition	NOUN
easat-2393	52	14	on	on	ADP
easat-2393	52	15	the	the	DET
easat-2393	52	16	investors	investor	NOUN
easat-2393	52	17	’	’	PART
easat-2393	52	18	herding	herd	VERB
easat-2393	52	19	behaviour	behaviour	NOUN
easat-2393	52	20	in	in	ADP
easat-2393	52	21	the	the	DET
easat-2393	52	22	malaysian	malaysian	ADJ
easat-2393	52	23	stock	stock	NOUN
easat-2393	52	24	market	market	NOUN
easat-2393	52	25	.	.	PUNCT
easat-2393	53	1	2	2	X
easat-2393	53	2	.	.	X
easat-2393	53	3	literature	literature	NOUN
easat-2393	53	4	review	review	VERB
easat-2393	53	5	the	the	DET
easat-2393	53	6	occurrence	occurrence	NOUN
easat-2393	53	7	of	of	ADP
easat-2393	53	8	herding	herd	VERB
easat-2393	53	9	behaviour	behaviour	NOUN
easat-2393	53	10	defies	defy	VERB
easat-2393	53	11	the	the	DET
easat-2393	53	12	existence	existence	NOUN
easat-2393	53	13	of	of	ADP
easat-2393	53	14	the	the	DET
easat-2393	53	15	efficient	efficient	ADJ
easat-2393	53	16	market	market	NOUN
easat-2393	53	17	hypothesis	hypothesis	NOUN
easat-2393	53	18	(	(	PUNCT
easat-2393	53	19	emh	emh	PROPN
easat-2393	53	20	)	)	PUNCT
easat-2393	53	21	,	,	PUNCT
easat-2393	53	22	which	which	PRON
easat-2393	53	23	claims	claim	VERB
easat-2393	53	24	that	that	SCONJ
easat-2393	53	25	all	all	DET
easat-2393	53	26	investors	investor	NOUN
easat-2393	53	27	are	be	AUX
easat-2393	53	28	rational	rational	ADJ
easat-2393	53	29	,	,	PUNCT
easat-2393	53	30	have	have	VERB
easat-2393	53	31	access	access	NOUN
easat-2393	53	32	to	to	ADP
easat-2393	53	33	the	the	DET
easat-2393	53	34	same	same	ADJ
easat-2393	53	35	information	information	NOUN
easat-2393	53	36	and	and	CCONJ
easat-2393	53	37	are	be	AUX
easat-2393	53	38	eventually	eventually	ADV
easat-2393	53	39	able	able	ADJ
easat-2393	53	40	to	to	PART
easat-2393	53	41	determine	determine	VERB
easat-2393	53	42	the	the	DET
easat-2393	53	43	expected	expect	VERB
easat-2393	53	44	stock	stock	NOUN
easat-2393	53	45	price	price	NOUN
easat-2393	53	46	in	in	ADP
easat-2393	53	47	the	the	DET
easat-2393	53	48	same	same	ADJ
easat-2393	53	49	way	way	NOUN
easat-2393	54	1	[	[	X
easat-2393	54	2	15	15	NUM
easat-2393	54	3	]	]	PUNCT
easat-2393	54	4	.	.	PUNCT
easat-2393	55	1	emh	emh	PROPN
easat-2393	55	2	implies	imply	VERB
easat-2393	55	3	that	that	SCONJ
easat-2393	55	4	the	the	DET
easat-2393	55	5	stock	stock	NOUN
easat-2393	55	6	price	price	NOUN
easat-2393	55	7	should	should	AUX
easat-2393	55	8	reflect	reflect	VERB
easat-2393	55	9	the	the	DET
easat-2393	55	10	information	information	NOUN
easat-2393	55	11	on	on	ADP
easat-2393	55	12	the	the	DET
easat-2393	55	13	market	market	NOUN
easat-2393	55	14	and	and	CCONJ
easat-2393	55	15	the	the	DET
easat-2393	55	16	security	security	NOUN
easat-2393	55	17	's	's	PART
easat-2393	55	18	value	value	NOUN
easat-2393	55	19	.	.	PUNCT
easat-2393	56	1	on	on	ADP
easat-2393	56	2	the	the	DET
easat-2393	56	3	contrary	contrary	NOUN
easat-2393	56	4	,	,	PUNCT
easat-2393	56	5	herding	herd	VERB
easat-2393	56	6	behaviour	behaviour	NOUN
easat-2393	56	7	suggests	suggest	VERB
easat-2393	56	8	that	that	SCONJ
easat-2393	56	9	investors	investor	NOUN
easat-2393	56	10	are	be	AUX
easat-2393	56	11	not	not	PART
easat-2393	56	12	always	always	ADV
easat-2393	56	13	rational	rational	ADJ
easat-2393	56	14	,	,	PUNCT
easat-2393	56	15	thus	thus	ADV
easat-2393	56	16	they	they	PRON
easat-2393	56	17	do	do	AUX
easat-2393	56	18	not	not	PART
easat-2393	56	19	always	always	ADV
easat-2393	56	20	determine	determine	VERB
easat-2393	56	21	the	the	DET
easat-2393	56	22	share	share	NOUN
easat-2393	56	23	price	price	NOUN
easat-2393	56	24	through	through	ADP
easat-2393	56	25	market	market	NOUN
easat-2393	56	26	analysis	analysis	NOUN
easat-2393	56	27	.	.	PUNCT
easat-2393	57	1	therefore	therefore	ADV
easat-2393	57	2	,	,	PUNCT
easat-2393	57	3	herding	herd	VERB
easat-2393	57	4	behaviour	behaviour	NOUN
easat-2393	57	5	could	could	AUX
easat-2393	57	6	cause	cause	VERB
easat-2393	57	7	the	the	DET
easat-2393	57	8	market	market	NOUN
easat-2393	57	9	to	to	PART
easat-2393	57	10	become	become	VERB
easat-2393	57	11	volatile	volatile	ADJ
easat-2393	57	12	by	by	ADP
easat-2393	57	13	driving	drive	VERB
easat-2393	57	14	the	the	DET
easat-2393	57	15	securities	security	NOUN
easat-2393	57	16	off	off	ADP
easat-2393	57	17	their	their	PRON
easat-2393	57	18	intrinsic	intrinsic	ADJ
easat-2393	57	19	value	value	NOUN
easat-2393	57	20	,	,	PUNCT
easat-2393	57	21	hence	hence	ADV
easat-2393	57	22	,	,	PUNCT
easat-2393	57	23	the	the	DET
easat-2393	57	24	share	share	NOUN
easat-2393	57	25	prices	price	NOUN
easat-2393	57	26	will	will	AUX
easat-2393	57	27	not	not	PART
easat-2393	57	28	only	only	ADV
easat-2393	57	29	represent	represent	VERB
easat-2393	57	30	investors	investor	NOUN
easat-2393	57	31	'	'	PART
easat-2393	57	32	rational	rational	ADJ
easat-2393	57	33	expectations	expectation	NOUN
easat-2393	57	34	but	but	CCONJ
easat-2393	57	35	also	also	ADV
easat-2393	57	36	their	their	PRON
easat-2393	57	37	irrational	irrational	ADJ
easat-2393	57	38	market	market	NOUN
easat-2393	57	39	decisions	decision	NOUN
easat-2393	58	1	[	[	X
easat-2393	58	2	22	22	NUM
easat-2393	58	3	]	]	PUNCT
easat-2393	58	4	.	.	PUNCT
easat-2393	59	1	herding	herd	VERB
easat-2393	59	2	behaviour	behaviour	NOUN
easat-2393	59	3	has	have	AUX
easat-2393	59	4	become	become	VERB
easat-2393	59	5	a	a	DET
easat-2393	59	6	more	more	ADV
easat-2393	59	7	common	common	ADJ
easat-2393	59	8	phenomenon	phenomenon	NOUN
easat-2393	59	9	,	,	PUNCT
easat-2393	59	10	especially	especially	ADV
easat-2393	59	11	in	in	ADP
easat-2393	59	12	the	the	DET
easat-2393	59	13	aftermath	aftermath	NOUN
easat-2393	59	14	of	of	ADP
easat-2393	59	15	severe	severe	ADJ
easat-2393	59	16	global	global	ADJ
easat-2393	59	17	crises	crisis	NOUN
easat-2393	59	18	as	as	SCONJ
easat-2393	59	19	herding	herd	VERB
easat-2393	59	20	behaviour	behaviour	NOUN
easat-2393	59	21	aggravates	aggravate	VERB
easat-2393	59	22	and	and	CCONJ
easat-2393	59	23	creates	create	VERB
easat-2393	59	24	market	market	NOUN
easat-2393	59	25	volatility	volatility	NOUN
easat-2393	59	26	[	[	X
easat-2393	59	27	17,20	17,20	NUM
easat-2393	59	28	,	,	PUNCT
easat-2393	59	29	31,39	31,39	NOUN
easat-2393	59	30	]	]	PUNCT
easat-2393	59	31	.	.	PUNCT
easat-2393	60	1	several	several	ADJ
easat-2393	60	2	studies	study	NOUN
easat-2393	60	3	have	have	AUX
easat-2393	60	4	examined	examine	VERB
easat-2393	60	5	the	the	DET
easat-2393	60	6	existence	existence	NOUN
easat-2393	60	7	of	of	ADP
easat-2393	60	8	herding	herd	VERB
easat-2393	60	9	behaviour	behaviour	NOUN
easat-2393	60	10	in	in	ADP
easat-2393	60	11	various	various	ADJ
easat-2393	60	12	market	market	NOUN
easat-2393	60	13	conditions	condition	NOUN
easat-2393	60	14	such	such	ADJ
easat-2393	60	15	as	as	ADP
easat-2393	60	16	during	during	ADP
easat-2393	60	17	the	the	DET
easat-2393	60	18	global	global	ADJ
easat-2393	60	19	financial	financial	ADJ
easat-2393	60	20	crisis	crisis	NOUN
easat-2393	60	21	[	[	X
easat-2393	60	22	41,42	41,42	NOUN
easat-2393	60	23	]	]	PUNCT
easat-2393	60	24	.	.	PUNCT
easat-2393	61	1	studies	study	NOUN
easat-2393	61	2	also	also	ADV
easat-2393	61	3	reported	report	VERB
easat-2393	61	4	that	that	SCONJ
easat-2393	61	5	herding	herding	NOUN
easat-2393	61	6	behaviour	behaviour	NOUN
easat-2393	61	7	was	be	AUX
easat-2393	61	8	one	one	NUM
easat-2393	61	9	of	of	ADP
easat-2393	61	10	the	the	DET
easat-2393	61	11	investment	investment	NOUN
easat-2393	61	12	strategies	strategy	NOUN
easat-2393	61	13	employed	employ	VERB
easat-2393	61	14	by	by	ADP
easat-2393	61	15	investors	investor	NOUN
easat-2393	61	16	during	during	ADP
easat-2393	61	17	the	the	DET
easat-2393	61	18	crisis	crisis	NOUN
easat-2393	61	19	period	period	NOUN
easat-2393	61	20	[	[	X
easat-2393	61	21	2,34	2,34	X
easat-2393	61	22	]	]	X
easat-2393	61	23	.	.	PUNCT
easat-2393	62	1	the	the	DET
easat-2393	62	2	behaviour	behaviour	NOUN
easat-2393	62	3	enables	enable	VERB
easat-2393	62	4	them	they	PRON
easat-2393	62	5	to	to	PART
easat-2393	62	6	mimic	mimic	VERB
easat-2393	62	7	the	the	DET
easat-2393	62	8	activities	activity	NOUN
easat-2393	62	9	of	of	ADP
easat-2393	62	10	others	other	NOUN
easat-2393	62	11	by	by	ADP
easat-2393	62	12	utilising	utilise	VERB
easat-2393	62	13	the	the	DET
easat-2393	62	14	same	same	ADJ
easat-2393	62	15	information	information	NOUN
easat-2393	62	16	sources	source	NOUN
easat-2393	62	17	and	and	CCONJ
easat-2393	62	18	applying	apply	VERB
easat-2393	62	19	the	the	DET
easat-2393	62	20	same	same	ADJ
easat-2393	62	21	interpretation	interpretation	NOUN
easat-2393	62	22	to	to	ADP
easat-2393	62	23	market	market	NOUN
easat-2393	62	24	signals	signal	NOUN
easat-2393	62	25	,	,	PUNCT
easat-2393	62	26	hence	hence	ADV
easat-2393	62	27	making	make	VERB
easat-2393	62	28	the	the	DET
easat-2393	62	29	same	same	ADJ
easat-2393	62	30	investment	investment	NOUN
easat-2393	62	31	decisions	decision	NOUN
easat-2393	62	32	[	[	X
easat-2393	62	33	21	21	NUM
easat-2393	62	34	]	]	PUNCT
easat-2393	62	35	.	.	PUNCT
easat-2393	63	1	to	to	PART
easat-2393	63	2	ascertain	ascertain	VERB
easat-2393	63	3	herding	herding	NOUN
easat-2393	63	4	behaviour	behaviour	NOUN
easat-2393	63	5	during	during	ADP
easat-2393	63	6	the	the	DET
easat-2393	63	7	period	period	NOUN
easat-2393	63	8	of	of	ADP
easat-2393	63	9	market	market	NOUN
easat-2393	63	10	stress	stress	NOUN
easat-2393	63	11	,	,	PUNCT
easat-2393	63	12	[	[	X
easat-2393	63	13	10	10	NUM
easat-2393	63	14	]	]	PUNCT
easat-2393	63	15	regresses	regress	VERB
easat-2393	63	16	the	the	DET
easat-2393	63	17	cross	cross	ADJ
easat-2393	63	18	-	-	ADJ
easat-2393	63	19	sectional	sectional	ADJ
easat-2393	63	20	standard	standard	ADJ
easat-2393	63	21	deviation	deviation	NOUN
easat-2393	63	22	of	of	ADP
easat-2393	63	23	stock	stock	NOUN
easat-2393	63	24	return	return	NOUN
easat-2393	63	25	from	from	ADP
easat-2393	63	26	market	market	NOUN
easat-2393	63	27	return	return	NOUN
easat-2393	63	28	with	with	ADP
easat-2393	63	29	constant	constant	ADJ
easat-2393	63	30	and	and	CCONJ
easat-2393	63	31	dummy	dummy	ADJ
easat-2393	63	32	variables	variable	NOUN
easat-2393	63	33	that	that	PRON
easat-2393	63	34	capture	capture	VERB
easat-2393	63	35	excessive	excessive	ADJ
easat-2393	63	36	market	market	NOUN
easat-2393	63	37	movement	movement	NOUN
easat-2393	63	38	.	.	PUNCT
easat-2393	64	1	they	they	PRON
easat-2393	64	2	argued	argue	VERB
easat-2393	64	3	that	that	SCONJ
easat-2393	64	4	during	during	ADP
easat-2393	64	5	extreme	extreme	ADJ
easat-2393	64	6	market	market	NOUN
easat-2393	64	7	conditions	condition	NOUN
easat-2393	64	8	,	,	PUNCT
easat-2393	64	9	a	a	DET
easat-2393	64	10	negative	negative	ADJ
easat-2393	64	11	coefficient	coefficient	NOUN
easat-2393	64	12	of	of	ADP
easat-2393	64	13	the	the	DET
easat-2393	64	14	dummy	dummy	ADJ
easat-2393	64	15	variable	variable	NOUN
easat-2393	64	16	indicates	indicate	VERB
easat-2393	64	17	the	the	DET
easat-2393	64	18	presence	presence	NOUN
easat-2393	64	19	of	of	ADP
easat-2393	64	20	herding	herding	NOUN
easat-2393	64	21	behaviour	behaviour	NOUN
easat-2393	64	22	,	,	PUNCT
easat-2393	64	23	while	while	SCONJ
easat-2393	64	24	a	a	DET
easat-2393	64	25	positive	positive	ADJ
easat-2393	64	26	coefficient	coefficient	NOUN
easat-2393	64	27	implies	imply	VERB
easat-2393	64	28	non	non	ADJ
easat-2393	64	29	-	-	ADJ
easat-2393	64	30	herding	herding	ADJ
easat-2393	64	31	behaviour	behaviour	NOUN
easat-2393	64	32	.	.	PUNCT
easat-2393	65	1	according	accord	VERB
easat-2393	65	2	to	to	ADP
easat-2393	65	3	them	they	PRON
easat-2393	65	4	,	,	PUNCT
easat-2393	65	5	the	the	DET
easat-2393	65	6	market	market	NOUN
easat-2393	65	7	environment	environment	NOUN
easat-2393	65	8	can	can	AUX
easat-2393	65	9	influence	influence	VERB
easat-2393	65	10	investors	investor	NOUN
easat-2393	65	11	’	'	PUNCT
easat-2393	65	12	decisionmaking	decisionmake	VERB
easat-2393	65	13	.	.	PUNCT
easat-2393	66	1	this	this	PRON
easat-2393	66	2	is	be	AUX
easat-2393	66	3	based	base	VERB
easat-2393	66	4	on	on	ADP
easat-2393	66	5	the	the	DET
easat-2393	66	6	rational	rational	ADJ
easat-2393	66	7	asset	asset	NOUN
easat-2393	66	8	price	price	NOUN
easat-2393	66	9	theory	theory	NOUN
easat-2393	66	10	,	,	PUNCT
easat-2393	66	11	which	which	PRON
easat-2393	66	12	assumes	assume	VERB
easat-2393	66	13	that	that	SCONJ
easat-2393	66	14	investment	investment	NOUN
easat-2393	66	15	decisions	decision	NOUN
easat-2393	66	16	depend	depend	VERB
easat-2393	66	17	on	on	ADP
easat-2393	66	18	the	the	DET
easat-2393	66	19	private	private	ADJ
easat-2393	66	20	information	information	NOUN
easat-2393	66	21	available	available	ADJ
easat-2393	66	22	from	from	ADP
easat-2393	66	23	the	the	DET
easat-2393	66	24	market	market	NOUN
easat-2393	66	25	.	.	PUNCT
easat-2393	67	1	they	they	PRON
easat-2393	67	2	also	also	ADV
easat-2393	67	3	support	support	VERB
easat-2393	67	4	the	the	DET
easat-2393	67	5	idea	idea	NOUN
easat-2393	67	6	that	that	SCONJ
easat-2393	67	7	during	during	ADP
easat-2393	67	8	extreme	extreme	ADJ
easat-2393	67	9	market	market	NOUN
easat-2393	67	10	conditions	condition	NOUN
easat-2393	67	11	,	,	PUNCT
easat-2393	67	12	investors	investor	NOUN
easat-2393	67	13	suppress	suppress	VERB
easat-2393	67	14	their	their	PRON
easat-2393	67	15	own	own	ADJ
easat-2393	67	16	information	information	NOUN
easat-2393	67	17	and	and	CCONJ
easat-2393	67	18	base	base	VERB
easat-2393	67	19	their	their	PRON
easat-2393	67	20	decisions	decision	NOUN
easat-2393	67	21	on	on	ADP
easat-2393	67	22	the	the	DET
easat-2393	67	23	overall	overall	ADJ
easat-2393	67	24	2123	2123	NUM
easat-2393	67	25	edelweiss	edelweiss	PROPN
easat-2393	67	26	applied	apply	VERB
easat-2393	67	27	science	science	NOUN
easat-2393	67	28	and	and	CCONJ
easat-2393	67	29	technology	technology	NOUN
easat-2393	67	30	issn	issn	PROPN
easat-2393	67	31	:	:	PUNCT
easat-2393	67	32	2576	2576	NUM
easat-2393	67	33	-	-	SYM
easat-2393	67	34	8484	8484	NUM
easat-2393	67	35	vol	vol	NOUN
easat-2393	67	36	.	.	PROPN
easat-2393	67	37	8	8	NUM
easat-2393	67	38	,	,	PUNCT
easat-2393	67	39	no	no	INTJ
easat-2393	67	40	.	.	NOUN
easat-2393	67	41	6	6	NUM
easat-2393	67	42	:	:	SYM
easat-2393	67	43	2121	2121	NUM
easat-2393	67	44	-	-	SYM
easat-2393	67	45	2132	2132	NUM
easat-2393	67	46	,	,	PUNCT
easat-2393	67	47	2024	2024	NUM
easat-2393	67	48	doi	doi	NOUN
easat-2393	67	49	:	:	PUNCT
easat-2393	67	50	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	67	51	©	©	PROPN
easat-2393	67	52	2024	2024	NUM
easat-2393	67	53	by	by	ADP
easat-2393	67	54	the	the	DET
easat-2393	67	55	authors	author	NOUN
easat-2393	67	56	;	;	PUNCT
easat-2393	67	57	licensee	licensee	PROPN
easat-2393	67	58	learning	learn	VERB
easat-2393	67	59	gate	gate	NOUN
easat-2393	67	60	market	market	NOUN
easat-2393	67	61	trends	trend	NOUN
easat-2393	67	62	.	.	PUNCT
easat-2393	68	1	therefore	therefore	ADV
easat-2393	68	2	,	,	PUNCT
easat-2393	68	3	when	when	SCONJ
easat-2393	68	4	the	the	DET
easat-2393	68	5	market	market	NOUN
easat-2393	68	6	is	be	AUX
easat-2393	68	7	under	under	ADP
easat-2393	68	8	stress	stress	NOUN
easat-2393	68	9	,	,	PUNCT
easat-2393	68	10	herding	herd	VERB
easat-2393	68	11	behaviour	behaviour	NOUN
easat-2393	68	12	is	be	AUX
easat-2393	68	13	more	more	ADV
easat-2393	68	14	prevalent	prevalent	ADJ
easat-2393	68	15	as	as	SCONJ
easat-2393	68	16	individual	individual	ADJ
easat-2393	68	17	returns	return	NOUN
easat-2393	68	18	are	be	AUX
easat-2393	68	19	clustered	cluster	VERB
easat-2393	68	20	toward	toward	ADP
easat-2393	68	21	aggregate	aggregate	ADJ
easat-2393	68	22	market	market	NOUN
easat-2393	68	23	returns	return	NOUN
easat-2393	68	24	.	.	PUNCT
easat-2393	69	1	the	the	DET
easat-2393	69	2	alternative	alternative	ADJ
easat-2393	69	3	model	model	NOUN
easat-2393	69	4	to	to	PART
easat-2393	69	5	determine	determine	VERB
easat-2393	69	6	the	the	DET
easat-2393	69	7	existence	existence	NOUN
easat-2393	69	8	of	of	ADP
easat-2393	69	9	herding	herd	VERB
easat-2393	69	10	behaviour	behaviour	NOUN
easat-2393	69	11	was	be	AUX
easat-2393	69	12	proposed	propose	VERB
easat-2393	69	13	by	by	ADP
easat-2393	69	14	chang	chang	PROPN
easat-2393	69	15	et	et	PROPN
easat-2393	69	16	al	al	PROPN
easat-2393	69	17	.	.	PUNCT
easat-2393	70	1	[	[	X
easat-2393	70	2	5	5	NUM
easat-2393	70	3	]	]	PUNCT
easat-2393	70	4	.	.	PUNCT
easat-2393	71	1	they	they	PRON
easat-2393	71	2	assume	assume	VERB
easat-2393	71	3	that	that	SCONJ
easat-2393	71	4	rational	rational	ADJ
easat-2393	71	5	asset	asset	NOUN
easat-2393	71	6	pricing	pricing	NOUN
easat-2393	71	7	models	model	NOUN
easat-2393	71	8	predict	predict	VERB
easat-2393	71	9	an	an	DET
easat-2393	71	10	increase	increase	NOUN
easat-2393	71	11	in	in	ADP
easat-2393	71	12	return	return	NOUN
easat-2393	71	13	dispersion	dispersion	NOUN
easat-2393	71	14	during	during	ADP
easat-2393	71	15	market	market	NOUN
easat-2393	71	16	stress	stress	NOUN
easat-2393	71	17	.	.	PUNCT
easat-2393	72	1	they	they	PRON
easat-2393	72	2	also	also	ADV
easat-2393	72	3	claim	claim	VERB
easat-2393	72	4	that	that	SCONJ
easat-2393	72	5	the	the	DET
easat-2393	72	6	linear	linear	ADJ
easat-2393	72	7	relationships	relationship	NOUN
easat-2393	72	8	between	between	ADP
easat-2393	72	9	individual	individual	ADJ
easat-2393	72	10	dispersion	dispersion	NOUN
easat-2393	72	11	and	and	CCONJ
easat-2393	72	12	market	market	NOUN
easat-2393	72	13	performance	performance	NOUN
easat-2393	72	14	can	can	AUX
easat-2393	72	15	be	be	AUX
easat-2393	72	16	predicted	predict	VERB
easat-2393	72	17	by	by	ADP
easat-2393	72	18	rational	rational	ADJ
easat-2393	72	19	asset	asset	NOUN
easat-2393	72	20	pricing	pricing	NOUN
easat-2393	72	21	models	model	NOUN
easat-2393	72	22	.	.	PUNCT
easat-2393	73	1	the	the	DET
easat-2393	73	2	linear	linear	ADJ
easat-2393	73	3	and	and	CCONJ
easat-2393	73	4	increasing	increase	VERB
easat-2393	73	5	relationship	relationship	NOUN
easat-2393	73	6	between	between	ADP
easat-2393	73	7	dispersion	dispersion	NOUN
easat-2393	73	8	and	and	CCONJ
easat-2393	73	9	market	market	NOUN
easat-2393	73	10	return	return	NOUN
easat-2393	73	11	,	,	PUNCT
easat-2393	73	12	however	however	ADV
easat-2393	73	13	,	,	PUNCT
easat-2393	73	14	will	will	AUX
easat-2393	73	15	not	not	PART
easat-2393	73	16	hold	hold	VERB
easat-2393	73	17	if	if	SCONJ
easat-2393	73	18	individual	individual	ADJ
easat-2393	73	19	market	market	NOUN
easat-2393	73	20	participants	participant	NOUN
easat-2393	73	21	tend	tend	VERB
easat-2393	73	22	to	to	PART
easat-2393	73	23	mimic	mimic	VERB
easat-2393	73	24	overall	overall	ADJ
easat-2393	73	25	market	market	NOUN
easat-2393	73	26	behaviour	behaviour	NOUN
easat-2393	73	27	while	while	SCONJ
easat-2393	73	28	disregarding	disregard	VERB
easat-2393	73	29	their	their	PRON
easat-2393	73	30	prior	prior	ADJ
easat-2393	73	31	behaviours	behaviour	NOUN
easat-2393	73	32	during	during	ADP
easat-2393	73	33	the	the	DET
easat-2393	73	34	high	high	ADJ
easat-2393	73	35	volatility	volatility	NOUN
easat-2393	73	36	period	period	NOUN
easat-2393	73	37	.	.	PUNCT
easat-2393	74	1	chang	chang	PROPN
easat-2393	74	2	et	et	PROPN
easat-2393	74	3	al	al	PROPN
easat-2393	74	4	.	.	PUNCT
easat-2393	75	1	[	[	X
easat-2393	75	2	5	5	NUM
easat-2393	75	3	]	]	PUNCT
easat-2393	75	4	have	have	AUX
easat-2393	75	5	tested	test	VERB
easat-2393	75	6	the	the	DET
easat-2393	75	7	model	model	NOUN
easat-2393	75	8	in	in	ADP
easat-2393	75	9	five	five	NUM
easat-2393	75	10	countries	country	NOUN
easat-2393	75	11	:	:	PUNCT
easat-2393	75	12	the	the	DET
easat-2393	75	13	us	us	PROPN
easat-2393	75	14	,	,	PUNCT
easat-2393	75	15	japan	japan	PROPN
easat-2393	75	16	hong	hong	PROPN
easat-2393	75	17	kong	kong	PROPN
easat-2393	75	18	,	,	PUNCT
easat-2393	75	19	south	south	PROPN
easat-2393	75	20	korea	korea	PROPN
easat-2393	75	21	,	,	PUNCT
easat-2393	75	22	and	and	CCONJ
easat-2393	75	23	taiwan	taiwan	PROPN
easat-2393	75	24	,	,	PUNCT
easat-2393	75	25	but	but	CCONJ
easat-2393	75	26	found	find	VERB
easat-2393	75	27	no	no	DET
easat-2393	75	28	evidence	evidence	NOUN
easat-2393	75	29	of	of	ADP
easat-2393	75	30	herding	herd	VERB
easat-2393	75	31	behaviour	behaviour	NOUN
easat-2393	75	32	in	in	ADP
easat-2393	75	33	the	the	DET
easat-2393	75	34	us	us	PROPN
easat-2393	75	35	,	,	PUNCT
easat-2393	75	36	japan	japan	PROPN
easat-2393	75	37	,	,	PUNCT
easat-2393	75	38	and	and	CCONJ
easat-2393	75	39	hong	hong	PROPN
easat-2393	75	40	kong	kong	PROPN
easat-2393	75	41	.	.	PUNCT
easat-2393	76	1	financial	financial	ADJ
easat-2393	76	2	crises	crisis	NOUN
easat-2393	76	3	and	and	CCONJ
easat-2393	76	4	volatile	volatile	ADJ
easat-2393	76	5	market	market	NOUN
easat-2393	76	6	movements	movement	NOUN
easat-2393	76	7	have	have	AUX
easat-2393	76	8	been	be	AUX
easat-2393	76	9	proven	prove	VERB
easat-2393	76	10	to	to	PART
easat-2393	76	11	exacerbate	exacerbate	VERB
easat-2393	76	12	herding	herd	VERB
easat-2393	76	13	behaviour	behaviour	NOUN
easat-2393	77	1	[	[	X
easat-2393	77	2	17,20	17,20	NUM
easat-2393	77	3	]	]	PUNCT
easat-2393	77	4	.	.	PUNCT
easat-2393	78	1	a	a	DET
easat-2393	78	2	study	study	NOUN
easat-2393	78	3	by	by	ADP
easat-2393	78	4	economou	economou	PROPN
easat-2393	78	5	,	,	PUNCT
easat-2393	78	6	katsikas	katsikas	PROPN
easat-2393	78	7	,	,	PUNCT
easat-2393	78	8	and	and	CCONJ
easat-2393	78	9	vickers	vicker	NOUN
easat-2393	79	1	[	[	X
easat-2393	79	2	13	13	NUM
easat-2393	79	3	]	]	PUNCT
easat-2393	79	4	showed	show	VERB
easat-2393	79	5	herding	herding	NOUN
easat-2393	79	6	behaviour	behaviour	NOUN
easat-2393	79	7	is	be	AUX
easat-2393	79	8	prevalent	prevalent	ADJ
easat-2393	79	9	on	on	ADP
easat-2393	79	10	days	day	NOUN
easat-2393	79	11	when	when	SCONJ
easat-2393	79	12	the	the	DET
easat-2393	79	13	athens	athens	PROPN
easat-2393	79	14	stock	stock	PROPN
easat-2393	79	15	exchange	exchange	NOUN
easat-2393	79	16	deals	deal	NOUN
easat-2393	79	17	with	with	ADP
easat-2393	79	18	down	down	ADJ
easat-2393	79	19	markets	market	NOUN
easat-2393	79	20	and	and	CCONJ
easat-2393	79	21	has	have	VERB
easat-2393	79	22	high	high	ADJ
easat-2393	79	23	volumes	volume	NOUN
easat-2393	79	24	and	and	CCONJ
easat-2393	79	25	high	high	ADJ
easat-2393	79	26	levels	level	NOUN
easat-2393	79	27	of	of	ADP
easat-2393	79	28	market	market	NOUN
easat-2393	79	29	volatility	volatility	NOUN
easat-2393	79	30	.	.	PUNCT
easat-2393	80	1	a	a	DET
easat-2393	80	2	study	study	NOUN
easat-2393	80	3	by	by	ADP
easat-2393	80	4	caporale	caporale	NOUN
easat-2393	80	5	,	,	PUNCT
easat-2393	80	6	economou	economou	ADV
easat-2393	80	7	and	and	CCONJ
easat-2393	80	8	philippas	philippa	NOUN
easat-2393	80	9	[	[	X
easat-2393	80	10	6	6	NUM
easat-2393	80	11	]	]	PUNCT
easat-2393	80	12	on	on	ADP
easat-2393	80	13	the	the	DET
easat-2393	80	14	athens	athens	PROPN
easat-2393	80	15	stock	stock	NOUN
easat-2393	80	16	market	market	NOUN
easat-2393	80	17	also	also	ADV
easat-2393	80	18	found	find	VERB
easat-2393	80	19	that	that	SCONJ
easat-2393	80	20	herding	herding	NOUN
easat-2393	80	21	is	be	AUX
easat-2393	80	22	more	more	ADV
easat-2393	80	23	pronounced	pronounced	ADJ
easat-2393	80	24	during	during	ADP
easat-2393	80	25	market	market	NOUN
easat-2393	80	26	rallies	rally	NOUN
easat-2393	80	27	than	than	ADP
easat-2393	80	28	during	during	ADP
easat-2393	80	29	market	market	NOUN
easat-2393	80	30	crashes	crash	NOUN
easat-2393	80	31	.	.	PUNCT
easat-2393	81	1	gabbori	gabbori	NOUN
easat-2393	81	2	,	,	PUNCT
easat-2393	81	3	awartani	awartani	ADJ
easat-2393	81	4	,	,	PUNCT
easat-2393	81	5	maghyereh	maghyereh	NOUN
easat-2393	81	6	and	and	CCONJ
easat-2393	81	7	virk	virk	PROPN
easat-2393	81	8	[	[	X
easat-2393	81	9	16	16	NUM
easat-2393	81	10	]	]	PUNCT
easat-2393	81	11	discover	discover	VERB
easat-2393	81	12	that	that	SCONJ
easat-2393	81	13	herding	herding	NOUN
easat-2393	81	14	is	be	AUX
easat-2393	81	15	more	more	ADV
easat-2393	81	16	prominent	prominent	ADJ
easat-2393	81	17	during	during	ADP
easat-2393	81	18	the	the	DET
easat-2393	81	19	up	up	NOUN
easat-2393	81	20	-	-	PUNCT
easat-2393	81	21	market	market	NOUN
easat-2393	81	22	than	than	ADP
easat-2393	81	23	the	the	DET
easat-2393	81	24	downmarket	downmarket	NOUN
easat-2393	81	25	in	in	ADP
easat-2393	81	26	the	the	DET
easat-2393	81	27	saudi	saudi	ADJ
easat-2393	81	28	stock	stock	NOUN
easat-2393	81	29	market	market	NOUN
easat-2393	81	30	.	.	PUNCT
easat-2393	82	1	similar	similar	ADJ
easat-2393	82	2	findings	finding	NOUN
easat-2393	82	3	were	be	AUX
easat-2393	82	4	also	also	ADV
easat-2393	82	5	recorded	record	VERB
easat-2393	82	6	in	in	ADP
easat-2393	82	7	the	the	DET
easat-2393	82	8	chinese	chinese	ADJ
easat-2393	82	9	stock	stock	NOUN
easat-2393	82	10	markets	market	NOUN
easat-2393	82	11	[	[	X
easat-2393	82	12	37,40	37,40	VERB
easat-2393	82	13	]	]	X
easat-2393	82	14	and	and	CCONJ
easat-2393	82	15	the	the	DET
easat-2393	82	16	hong	hong	PROPN
easat-2393	82	17	kong	kong	PROPN
easat-2393	82	18	stock	stock	NOUN
easat-2393	82	19	market	market	NOUN
easat-2393	83	1	[	[	X
easat-2393	83	2	26	26	NUM
easat-2393	83	3	]	]	PUNCT
easat-2393	83	4	.	.	PUNCT
easat-2393	84	1	however	however	ADV
easat-2393	84	2	,	,	PUNCT
easat-2393	84	3	on	on	ADP
easat-2393	84	4	the	the	DET
easat-2393	84	5	contrary	contrary	NOUN
easat-2393	84	6	,	,	PUNCT
easat-2393	84	7	a	a	DET
easat-2393	84	8	study	study	NOUN
easat-2393	84	9	by	by	ADP
easat-2393	84	10	lao	lao	PROPN
easat-2393	84	11	and	and	CCONJ
easat-2393	84	12	singh	singh	PROPN
easat-2393	85	1	[	[	X
easat-2393	85	2	27	27	NUM
easat-2393	85	3	]	]	PUNCT
easat-2393	85	4	found	find	VERB
easat-2393	85	5	herding	herd	VERB
easat-2393	85	6	behaviour	behaviour	NOUN
easat-2393	85	7	is	be	AUX
easat-2393	85	8	prevalent	prevalent	ADJ
easat-2393	85	9	in	in	ADP
easat-2393	85	10	the	the	DET
easat-2393	85	11	chinese	chinese	ADJ
easat-2393	85	12	stock	stock	NOUN
easat-2393	85	13	market	market	NOUN
easat-2393	85	14	only	only	ADV
easat-2393	85	15	when	when	SCONJ
easat-2393	85	16	the	the	DET
easat-2393	85	17	market	market	NOUN
easat-2393	85	18	is	be	AUX
easat-2393	85	19	falling	fall	VERB
easat-2393	85	20	,	,	PUNCT
easat-2393	85	21	and	and	CCONJ
easat-2393	85	22	trading	trading	NOUN
easat-2393	85	23	volume	volume	NOUN
easat-2393	85	24	is	be	AUX
easat-2393	85	25	high	high	ADJ
easat-2393	85	26	.	.	PUNCT
easat-2393	86	1	lao	lao	PROPN
easat-2393	86	2	and	and	CCONJ
easat-2393	86	3	singh	singh	PROPN
easat-2393	87	1	[	[	X
easat-2393	87	2	27	27	NUM
easat-2393	87	3	]	]	PUNCT
easat-2393	87	4	also	also	ADV
easat-2393	87	5	demonstrate	demonstrate	VERB
easat-2393	87	6	that	that	SCONJ
easat-2393	87	7	herding	herding	NOUN
easat-2393	87	8	behaviour	behaviour	NOUN
easat-2393	87	9	occurs	occur	VERB
easat-2393	87	10	during	during	ADP
easat-2393	87	11	up	up	ADP
easat-2393	87	12	-	-	PUNCT
easat-2393	87	13	market	market	NOUN
easat-2393	87	14	conditions	condition	NOUN
easat-2393	87	15	in	in	ADP
easat-2393	87	16	the	the	DET
easat-2393	87	17	indian	indian	ADJ
easat-2393	87	18	stock	stock	NOUN
easat-2393	87	19	market	market	NOUN
easat-2393	87	20	.	.	PUNCT
easat-2393	88	1	economou	economou	ADV
easat-2393	88	2	et	et	PROPN
easat-2393	88	3	al	al	PROPN
easat-2393	88	4	.	.	PUNCT
easat-2393	89	1	[	[	X
easat-2393	89	2	12	12	NUM
easat-2393	89	3	]	]	PUNCT
easat-2393	89	4	found	find	VERB
easat-2393	89	5	evidence	evidence	NOUN
easat-2393	89	6	of	of	ADP
easat-2393	89	7	herding	herding	NOUN
easat-2393	89	8	occurring	occur	VERB
easat-2393	89	9	in	in	ADP
easat-2393	89	10	the	the	DET
easat-2393	89	11	uk	uk	PROPN
easat-2393	89	12	market	market	NOUN
easat-2393	89	13	during	during	ADP
easat-2393	89	14	the	the	DET
easat-2393	89	15	global	global	ADJ
easat-2393	89	16	financial	financial	ADJ
easat-2393	89	17	crisis	crisis	NOUN
easat-2393	89	18	period	period	NOUN
easat-2393	89	19	(	(	PUNCT
easat-2393	89	20	2007	2007	NUM
easat-2393	89	21	-	-	SYM
easat-2393	89	22	2009	2009	NUM
easat-2393	89	23	)	)	PUNCT
easat-2393	89	24	and	and	CCONJ
easat-2393	89	25	the	the	DET
easat-2393	89	26	sub	sub	NOUN
easat-2393	89	27	-	-	NOUN
easat-2393	89	28	period	period	NOUN
easat-2393	89	29	of	of	ADP
easat-2393	89	30	2004	2004	NUM
easat-2393	89	31	-	-	SYM
easat-2393	89	32	2007	2007	NUM
easat-2393	89	33	.	.	PUNCT
easat-2393	90	1	meanwhile	meanwhile	ADV
easat-2393	90	2	,	,	PUNCT
easat-2393	90	3	a	a	DET
easat-2393	90	4	study	study	NOUN
easat-2393	90	5	by	by	ADP
easat-2393	90	6	arjoon	arjoon	NOUN
easat-2393	90	7	,	,	PUNCT
easat-2393	90	8	bhatnagar	bhatnagar	NOUN
easat-2393	90	9	and	and	CCONJ
easat-2393	90	10	ramlakhan	ramlakhan	PROPN
easat-2393	91	1	[	[	X
easat-2393	91	2	3	3	X
easat-2393	91	3	]	]	PUNCT
easat-2393	91	4	for	for	ADP
easat-2393	91	5	singapore	singapore	PROPN
easat-2393	91	6	concluded	conclude	VERB
easat-2393	91	7	that	that	SCONJ
easat-2393	91	8	herding	herding	NOUN
easat-2393	91	9	behaviour	behaviour	NOUN
easat-2393	91	10	is	be	AUX
easat-2393	91	11	more	more	ADV
easat-2393	91	12	prevalent	prevalent	ADJ
easat-2393	91	13	during	during	ADP
easat-2393	91	14	rising	rise	VERB
easat-2393	91	15	market	market	NOUN
easat-2393	91	16	conditions	condition	NOUN
easat-2393	91	17	,	,	PUNCT
easat-2393	91	18	due	due	ADP
easat-2393	91	19	to	to	ADP
easat-2393	91	20	high	high	ADJ
easat-2393	91	21	liquidity	liquidity	NOUN
easat-2393	91	22	and	and	CCONJ
easat-2393	91	23	volatility	volatility	NOUN
easat-2393	91	24	.	.	PUNCT
easat-2393	92	1	in	in	ADP
easat-2393	92	2	a	a	DET
easat-2393	92	3	study	study	NOUN
easat-2393	92	4	conducted	conduct	VERB
easat-2393	92	5	by	by	ADP
easat-2393	92	6	lai	lai	PROPN
easat-2393	92	7	and	and	CCONJ
easat-2393	92	8	lau	lau	PROPN
easat-2393	92	9	[	[	X
easat-2393	92	10	25	25	NUM
easat-2393	92	11	]	]	PUNCT
easat-2393	92	12	on	on	ADP
easat-2393	92	13	the	the	DET
easat-2393	92	14	malaysian	malaysian	ADJ
easat-2393	92	15	stock	stock	NOUN
easat-2393	92	16	market	market	NOUN
easat-2393	92	17	,	,	PUNCT
easat-2393	92	18	they	they	PRON
easat-2393	92	19	discovered	discover	VERB
easat-2393	92	20	signs	sign	NOUN
easat-2393	92	21	of	of	ADP
easat-2393	92	22	herding	herd	VERB
easat-2393	92	23	behaviour	behaviour	NOUN
easat-2393	92	24	among	among	ADP
easat-2393	92	25	malaysian	malaysian	ADJ
easat-2393	92	26	investors	investor	NOUN
easat-2393	92	27	,	,	PUNCT
easat-2393	92	28	particularly	particularly	ADV
easat-2393	92	29	during	during	ADP
easat-2393	92	30	periods	period	NOUN
easat-2393	92	31	of	of	ADP
easat-2393	92	32	extremely	extremely	ADV
easat-2393	92	33	low	low	ADJ
easat-2393	92	34	market	market	NOUN
easat-2393	92	35	activity	activity	NOUN
easat-2393	92	36	and	and	CCONJ
easat-2393	92	37	the	the	DET
easat-2393	92	38	financial	financial	ADJ
easat-2393	92	39	crisis	crisis	NOUN
easat-2393	92	40	.	.	PUNCT
easat-2393	93	1	their	their	PRON
easat-2393	93	2	findings	finding	NOUN
easat-2393	93	3	align	align	VERB
easat-2393	93	4	with	with	ADP
easat-2393	93	5	the	the	DET
easat-2393	93	6	conclusions	conclusion	NOUN
easat-2393	93	7	drawn	draw	VERB
easat-2393	93	8	by	by	ADP
easat-2393	93	9	nha	nha	X
easat-2393	93	10	et	et	NOUN
easat-2393	93	11	al	al	PROPN
easat-2393	93	12	.	.	PUNCT
easat-2393	94	1	[	[	X
easat-2393	94	2	33	33	NUM
easat-2393	94	3	]	]	PUNCT
easat-2393	94	4	who	who	PRON
easat-2393	94	5	investigated	investigate	VERB
easat-2393	94	6	herding	herd	VERB
easat-2393	94	7	behaviour	behaviour	NOUN
easat-2393	94	8	across	across	ADP
easat-2393	94	9	four	four	NUM
easat-2393	94	10	southeast	southeast	ADJ
easat-2393	94	11	asian	asian	ADJ
easat-2393	94	12	stock	stock	NOUN
easat-2393	94	13	markets	market	NOUN
easat-2393	94	14	,	,	PUNCT
easat-2393	94	15	including	include	VERB
easat-2393	94	16	malaysia	malaysia	PROPN
easat-2393	94	17	.	.	PUNCT
easat-2393	95	1	specifically	specifically	ADV
easat-2393	95	2	,	,	PUNCT
easat-2393	95	3	nha	nha	X
easat-2393	95	4	et	et	PROPN
easat-2393	95	5	al	al	PROPN
easat-2393	95	6	.	.	PUNCT
easat-2393	96	1	[	[	X
easat-2393	96	2	33	33	NUM
easat-2393	96	3	]	]	PUNCT
easat-2393	96	4	found	find	VERB
easat-2393	96	5	evidence	evidence	NOUN
easat-2393	96	6	of	of	ADP
easat-2393	96	7	herding	herd	VERB
easat-2393	96	8	behaviour	behaviour	NOUN
easat-2393	96	9	in	in	ADP
easat-2393	96	10	indonesia	indonesia	PROPN
easat-2393	96	11	and	and	CCONJ
easat-2393	96	12	vietnam	vietnam	PROPN
easat-2393	96	13	during	during	ADP
easat-2393	96	14	the	the	DET
easat-2393	96	15	up	up	NOUN
easat-2393	96	16	-	-	PUNCT
easat-2393	96	17	market	market	NOUN
easat-2393	96	18	,	,	PUNCT
easat-2393	96	19	whereas	whereas	SCONJ
easat-2393	96	20	in	in	ADP
easat-2393	96	21	malaysia	malaysia	PROPN
easat-2393	96	22	,	,	PUNCT
easat-2393	96	23	the	the	DET
easat-2393	96	24	behaviour	behaviour	NOUN
easat-2393	96	25	was	be	AUX
easat-2393	96	26	detected	detect	VERB
easat-2393	96	27	during	during	ADP
easat-2393	96	28	market	market	NOUN
easat-2393	96	29	down	down	ADP
easat-2393	96	30	-	-	PUNCT
easat-2393	96	31	market	market	NOUN
easat-2393	96	32	.	.	PUNCT
easat-2393	97	1	the	the	DET
easat-2393	97	2	research	research	NOUN
easat-2393	97	3	indicated	indicate	VERB
easat-2393	97	4	the	the	DET
easat-2393	97	5	presence	presence	NOUN
easat-2393	97	6	of	of	ADP
easat-2393	97	7	herding	herd	VERB
easat-2393	97	8	behaviour	behaviour	NOUN
easat-2393	97	9	in	in	ADP
easat-2393	97	10	both	both	PRON
easat-2393	97	11	malaysia	malaysia	PROPN
easat-2393	97	12	and	and	CCONJ
easat-2393	97	13	indonesia	indonesia	PROPN
easat-2393	97	14	in	in	ADP
easat-2393	97	15	the	the	DET
easat-2393	97	16	pre	pre	NOUN
easat-2393	97	17	-	-	NOUN
easat-2393	97	18	crisis	crisis	NOUN
easat-2393	97	19	and	and	CCONJ
easat-2393	97	20	during	during	ADP
easat-2393	97	21	the	the	DET
easat-2393	97	22	crisis	crisis	NOUN
easat-2393	97	23	.	.	PUNCT
easat-2393	98	1	in	in	ADP
easat-2393	98	2	contrast	contrast	NOUN
easat-2393	98	3	,	,	PUNCT
easat-2393	98	4	a	a	DET
easat-2393	98	5	recent	recent	ADJ
easat-2393	98	6	study	study	NOUN
easat-2393	98	7	by	by	ADP
easat-2393	98	8	yao	yao	NOUN
easat-2393	98	9	and	and	CCONJ
easat-2393	98	10	tangjitprom	tangjitprom	NOUN
easat-2393	99	1	[	[	X
easat-2393	99	2	43	43	NUM
easat-2393	99	3	]	]	PUNCT
easat-2393	99	4	found	find	VERB
easat-2393	99	5	no	no	DET
easat-2393	99	6	evidence	evidence	NOUN
easat-2393	99	7	of	of	ADP
easat-2393	99	8	herding	herd	VERB
easat-2393	99	9	behaviour	behaviour	NOUN
easat-2393	99	10	in	in	ADP
easat-2393	99	11	the	the	DET
easat-2393	99	12	rising	rise	VERB
easat-2393	99	13	and	and	CCONJ
easat-2393	99	14	declining	decline	VERB
easat-2393	99	15	market	market	NOUN
easat-2393	99	16	conditions	condition	NOUN
easat-2393	99	17	of	of	ADP
easat-2393	99	18	malaysia	malaysia	PROPN
easat-2393	99	19	's	's	PART
easat-2393	99	20	stock	stock	NOUN
easat-2393	99	21	market	market	NOUN
easat-2393	99	22	.	.	PUNCT
easat-2393	100	1	3	3	X
easat-2393	100	2	.	.	X
easat-2393	100	3	methodology	methodology	NOUN
easat-2393	100	4	this	this	DET
easat-2393	100	5	empirical	empirical	ADJ
easat-2393	100	6	study	study	NOUN
easat-2393	100	7	uses	use	VERB
easat-2393	100	8	the	the	DET
easat-2393	100	9	daily	daily	ADJ
easat-2393	100	10	closing	closing	NOUN
easat-2393	100	11	stock	stock	NOUN
easat-2393	100	12	prices	price	NOUN
easat-2393	100	13	of	of	ADP
easat-2393	100	14	346	346	NUM
easat-2393	100	15	companies	company	NOUN
easat-2393	100	16	listed	list	VERB
easat-2393	100	17	on	on	ADP
easat-2393	100	18	the	the	DET
easat-2393	100	19	bursa	bursa	PROPN
easat-2393	100	20	malaysia	malaysia	PROPN
easat-2393	100	21	.	.	PUNCT
easat-2393	101	1	the	the	DET
easat-2393	101	2	study	study	NOUN
easat-2393	101	3	periods	period	NOUN
easat-2393	101	4	are	be	AUX
easat-2393	101	5	from	from	ADP
easat-2393	101	6	the	the	DET
easat-2393	101	7	year	year	NOUN
easat-2393	101	8	2000	2000	NUM
easat-2393	101	9	to	to	ADP
easat-2393	101	10	2019	2019	NUM
easat-2393	101	11	,	,	PUNCT
easat-2393	101	12	comprising	comprise	VERB
easat-2393	101	13	a	a	DET
easat-2393	101	14	total	total	NOUN
easat-2393	101	15	of	of	ADP
easat-2393	101	16	4,923	4,923	NUM
easat-2393	101	17	observations	observation	NOUN
easat-2393	101	18	for	for	ADP
easat-2393	101	19	each	each	DET
easat-2393	101	20	company	company	NOUN
easat-2393	101	21	,	,	PUNCT
easat-2393	101	22	after	after	ADP
easat-2393	101	23	removing	remove	VERB
easat-2393	101	24	unavailable	unavailable	ADJ
easat-2393	101	25	data	datum	NOUN
easat-2393	101	26	.	.	PUNCT
easat-2393	102	1	given	give	VERB
easat-2393	102	2	that	that	SCONJ
easat-2393	102	3	this	this	DET
easat-2393	102	4	study	study	NOUN
easat-2393	102	5	encompasses	encompass	VERB
easat-2393	102	6	the	the	DET
easat-2393	102	7	global	global	ADJ
easat-2393	102	8	financial	financial	ADJ
easat-2393	102	9	crisis	crisis	NOUN
easat-2393	102	10	,	,	PUNCT
easat-2393	102	11	similar	similar	ADJ
easat-2393	102	12	to	to	ADP
easat-2393	102	13	litimi	litimi	NOUN
easat-2393	102	14	[	[	X
easat-2393	102	15	29	29	NUM
easat-2393	102	16	]	]	PUNCT
easat-2393	102	17	,	,	PUNCT
easat-2393	102	18	it	it	PRON
easat-2393	102	19	categorises	categorise	VERB
easat-2393	102	20	the	the	DET
easat-2393	102	21	crisis	crisis	NOUN
easat-2393	102	22	period	period	NOUN
easat-2393	102	23	into	into	ADP
easat-2393	102	24	three	three	NUM
easat-2393	102	25	sub	sub	NOUN
easat-2393	102	26	-	-	ADJ
easat-2393	102	27	periods	period	NOUN
easat-2393	102	28	:	:	PUNCT
easat-2393	102	29	the	the	DET
easat-2393	102	30	pre	pre	ADJ
easat-2393	102	31	-	-	NOUN
easat-2393	102	32	crisis	crisis	ADJ
easat-2393	102	33	period	period	NOUN
easat-2393	102	34	from	from	ADP
easat-2393	102	35	february	february	PROPN
easat-2393	102	36	2007	2007	NUM
easat-2393	102	37	to	to	ADP
easat-2393	102	38	february	february	PROPN
easat-2393	102	39	2008	2008	NUM
easat-2393	102	40	,	,	PUNCT
easat-2393	102	41	the	the	DET
easat-2393	102	42	crisis	crisis	NOUN
easat-2393	102	43	period	period	NOUN
easat-2393	102	44	from	from	ADP
easat-2393	102	45	march	march	PROPN
easat-2393	102	46	2008	2008	NUM
easat-2393	102	47	to	to	ADP
easat-2393	102	48	march	march	PROPN
easat-2393	102	49	2009	2009	NUM
easat-2393	102	50	,	,	PUNCT
easat-2393	102	51	and	and	CCONJ
easat-2393	102	52	the	the	DET
easat-2393	102	53	post	post	ADJ
easat-2393	102	54	-	-	ADJ
easat-2393	102	55	crisis	crisis	ADJ
easat-2393	102	56	period	period	NOUN
easat-2393	102	57	from	from	ADP
easat-2393	102	58	april	april	PROPN
easat-2393	102	59	2009	2009	NUM
easat-2393	102	60	to	to	ADP
easat-2393	102	61	april	april	PROPN
easat-2393	102	62	2010	2010	NUM
easat-2393	102	63	.	.	PUNCT
easat-2393	103	1	the	the	DET
easat-2393	103	2	analysis	analysis	NOUN
easat-2393	103	3	in	in	ADP
easat-2393	103	4	this	this	DET
easat-2393	103	5	study	study	NOUN
easat-2393	103	6	is	be	AUX
easat-2393	103	7	conducted	conduct	VERB
easat-2393	103	8	for	for	ADP
easat-2393	103	9	the	the	DET
easat-2393	103	10	entire	entire	ADJ
easat-2393	103	11	period	period	NOUN
easat-2393	103	12	and	and	CCONJ
easat-2393	103	13	across	across	ADP
easat-2393	103	14	the	the	DET
easat-2393	103	15	three	three	NUM
easat-2393	103	16	market	market	NOUN
easat-2393	103	17	conditions	condition	NOUN
easat-2393	103	18	:	:	PUNCT
easat-2393	103	19	pre	pre	ADJ
easat-2393	103	20	-	-	NOUN
easat-2393	103	21	crisis	crisis	NOUN
easat-2393	103	22	,	,	PUNCT
easat-2393	103	23	during	during	ADP
easat-2393	103	24	the	the	DET
easat-2393	103	25	crisis	crisis	NOUN
easat-2393	103	26	,	,	PUNCT
easat-2393	103	27	and	and	CCONJ
easat-2393	103	28	post	post	ADJ
easat-2393	103	29	-	-	ADJ
easat-2393	103	30	crisis	crisis	ADJ
easat-2393	103	31	periods	period	NOUN
easat-2393	103	32	.	.	PUNCT
easat-2393	104	1	additionally	additionally	ADV
easat-2393	104	2	,	,	PUNCT
easat-2393	104	3	the	the	DET
easat-2393	104	4	study	study	NOUN
easat-2393	104	5	performs	perform	VERB
easat-2393	104	6	further	further	ADJ
easat-2393	104	7	analysis	analysis	NOUN
easat-2393	104	8	to	to	PART
easat-2393	104	9	explore	explore	VERB
easat-2393	104	10	herding	herd	VERB
easat-2393	104	11	behaviour	behaviour	NOUN
easat-2393	104	12	in	in	ADP
easat-2393	104	13	both	both	CCONJ
easat-2393	104	14	up	up	ADP
easat-2393	104	15	and	and	CCONJ
easat-2393	104	16	down	down	ADP
easat-2393	104	17	-	-	PUNCT
easat-2393	104	18	market	market	NOUN
easat-2393	104	19	situations	situation	NOUN
easat-2393	104	20	during	during	ADP
easat-2393	104	21	each	each	DET
easat-2393	104	22	market	market	NOUN
easat-2393	104	23	condition	condition	NOUN
easat-2393	104	24	.	.	PUNCT
easat-2393	105	1	the	the	DET
easat-2393	105	2	first	first	ADJ
easat-2393	105	3	step	step	NOUN
easat-2393	105	4	in	in	ADP
easat-2393	105	5	the	the	DET
easat-2393	105	6	data	data	NOUN
easat-2393	105	7	analysis	analysis	NOUN
easat-2393	105	8	is	be	AUX
easat-2393	105	9	to	to	PART
easat-2393	105	10	ascertain	ascertain	VERB
easat-2393	105	11	the	the	DET
easat-2393	105	12	stationarity	stationarity	NOUN
easat-2393	105	13	properties	property	NOUN
easat-2393	105	14	of	of	ADP
easat-2393	105	15	the	the	DET
easat-2393	105	16	series	series	NOUN
easat-2393	105	17	used	use	VERB
easat-2393	105	18	in	in	ADP
easat-2393	105	19	this	this	DET
easat-2393	105	20	study	study	NOUN
easat-2393	105	21	.	.	PUNCT
easat-2393	106	1	this	this	PRON
easat-2393	106	2	is	be	AUX
easat-2393	106	3	crucial	crucial	ADJ
easat-2393	106	4	as	as	ADP
easat-2393	106	5	the	the	DET
easat-2393	106	6	presence	presence	NOUN
easat-2393	106	7	of	of	ADP
easat-2393	106	8	unit	unit	NOUN
easat-2393	106	9	roots	root	NOUN
easat-2393	106	10	in	in	ADP
easat-2393	106	11	time	time	NOUN
easat-2393	106	12	series	series	PROPN
easat-2393	106	13	data	datum	NOUN
easat-2393	106	14	can	can	AUX
easat-2393	106	15	introduce	introduce	VERB
easat-2393	106	16	challenges	challenge	NOUN
easat-2393	106	17	in	in	ADP
easat-2393	106	18	statistical	statistical	ADJ
easat-2393	106	19	inferences	inference	NOUN
easat-2393	106	20	.	.	PUNCT
easat-2393	107	1	to	to	PART
easat-2393	107	2	assess	assess	VERB
easat-2393	107	3	the	the	DET
easat-2393	107	4	stationarity	stationarity	NOUN
easat-2393	107	5	of	of	ADP
easat-2393	107	6	the	the	DET
easat-2393	107	7	data	datum	NOUN
easat-2393	107	8	,	,	PUNCT
easat-2393	107	9	the	the	DET
easat-2393	107	10	augmented	augment	VERB
easat-2393	107	11	dickey	dickey	PROPN
easat-2393	107	12	-	-	PUNCT
easat-2393	107	13	fuller	full	ADJ
easat-2393	107	14	test	test	NOUN
easat-2393	108	1	[	[	X
easat-2393	108	2	11	11	NUM
easat-2393	108	3	]	]	PUNCT
easat-2393	108	4	and	and	CCONJ
easat-2393	108	5	the	the	DET
easat-2393	108	6	phillipsperon	phillipsperon	PROPN
easat-2393	108	7	test	test	NOUN
easat-2393	108	8	[	[	X
easat-2393	108	9	35	35	NUM
easat-2393	108	10	]	]	PUNCT
easat-2393	108	11	are	be	AUX
easat-2393	108	12	employed	employ	VERB
easat-2393	108	13	.	.	PUNCT
easat-2393	109	1	the	the	DET
easat-2393	109	2	null	null	ADJ
easat-2393	109	3	hypothesis	hypothesis	NOUN
easat-2393	109	4	for	for	ADP
easat-2393	109	5	both	both	DET
easat-2393	109	6	tests	test	NOUN
easat-2393	109	7	posits	posit	NOUN
easat-2393	109	8	that	that	SCONJ
easat-2393	109	9	the	the	DET
easat-2393	109	10	series	series	NOUN
easat-2393	109	11	has	have	VERB
easat-2393	109	12	a	a	DET
easat-2393	109	13	unit	unit	NOUN
easat-2393	109	14	root	root	NOUN
easat-2393	109	15	.	.	PUNCT
easat-2393	110	1	in	in	ADP
easat-2393	110	2	2124	2124	NUM
easat-2393	110	3	edelweiss	edelweiss	PROPN
easat-2393	110	4	applied	apply	VERB
easat-2393	110	5	science	science	NOUN
easat-2393	110	6	and	and	CCONJ
easat-2393	110	7	technology	technology	NOUN
easat-2393	110	8	issn	issn	PROPN
easat-2393	110	9	:	:	PUNCT
easat-2393	110	10	2576	2576	NUM
easat-2393	110	11	-	-	SYM
easat-2393	110	12	8484	8484	NUM
easat-2393	110	13	vol	vol	NOUN
easat-2393	110	14	.	.	PROPN
easat-2393	110	15	8	8	NUM
easat-2393	110	16	,	,	PUNCT
easat-2393	110	17	no	no	INTJ
easat-2393	110	18	.	.	NOUN
easat-2393	110	19	6	6	NUM
easat-2393	110	20	:	:	SYM
easat-2393	110	21	2121	2121	NUM
easat-2393	110	22	-	-	SYM
easat-2393	110	23	2132	2132	NUM
easat-2393	110	24	,	,	PUNCT
easat-2393	110	25	2024	2024	NUM
easat-2393	110	26	doi	doi	NOUN
easat-2393	110	27	:	:	PUNCT
easat-2393	110	28	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	110	29	©	©	PROPN
easat-2393	110	30	2024	2024	NUM
easat-2393	110	31	by	by	ADP
easat-2393	110	32	the	the	DET
easat-2393	110	33	authors	author	NOUN
easat-2393	110	34	;	;	PUNCT
easat-2393	110	35	licensee	licensee	PROPN
easat-2393	110	36	learning	learn	VERB
easat-2393	110	37	gate	gate	NOUN
easat-2393	110	38	conducting	conduct	VERB
easat-2393	110	39	these	these	DET
easat-2393	110	40	tests	test	NOUN
easat-2393	110	41	,	,	PUNCT
easat-2393	110	42	the	the	DET
easat-2393	110	43	akaike	akaike	ADJ
easat-2393	110	44	information	information	NOUN
easat-2393	110	45	criteria	criterion	NOUN
easat-2393	110	46	(	(	PUNCT
easat-2393	110	47	aic	aic	PROPN
easat-2393	110	48	)	)	PUNCT
easat-2393	110	49	is	be	AUX
easat-2393	110	50	utilised	utilise	VERB
easat-2393	110	51	to	to	PART
easat-2393	110	52	determine	determine	VERB
easat-2393	110	53	the	the	DET
easat-2393	110	54	optimal	optimal	ADJ
easat-2393	110	55	lag	lag	NOUN
easat-2393	110	56	length	length	NOUN
easat-2393	110	57	of	of	ADP
easat-2393	110	58	the	the	DET
easat-2393	110	59	model	model	NOUN
easat-2393	110	60	.	.	PUNCT
easat-2393	111	1	during	during	ADP
easat-2393	111	2	the	the	DET
easat-2393	111	3	estimation	estimation	NOUN
easat-2393	111	4	process	process	NOUN
easat-2393	111	5	,	,	PUNCT
easat-2393	111	6	all	all	DET
easat-2393	111	7	data	datum	NOUN
easat-2393	111	8	was	be	AUX
easat-2393	111	9	transformed	transform	VERB
easat-2393	111	10	into	into	ADP
easat-2393	111	11	logarithms	logarithm	NOUN
easat-2393	111	12	,	,	PUNCT
easat-2393	111	13	and	and	CCONJ
easat-2393	111	14	the	the	DET
easat-2393	111	15	analyses	analysis	NOUN
easat-2393	111	16	were	be	AUX
easat-2393	111	17	performed	perform	VERB
easat-2393	111	18	using	use	VERB
easat-2393	111	19	eviews	eview	NOUN
easat-2393	111	20	.	.	PUNCT
easat-2393	112	1	3.1	3.1	NUM
easat-2393	112	2	.	.	PUNCT
easat-2393	112	3	model	model	NOUN
easat-2393	112	4	specification	specification	NOUN
easat-2393	112	5	this	this	DET
easat-2393	112	6	study	study	NOUN
easat-2393	112	7	utilised	utilise	VERB
easat-2393	112	8	a	a	DET
easat-2393	112	9	regression	regression	NOUN
easat-2393	112	10	model	model	NOUN
easat-2393	112	11	to	to	PART
easat-2393	112	12	statistically	statistically	ADV
easat-2393	112	13	analyse	analyse	VERB
easat-2393	112	14	the	the	DET
easat-2393	112	15	herding	herding	NOUN
easat-2393	112	16	behaviour	behaviour	NOUN
easat-2393	112	17	of	of	ADP
easat-2393	112	18	investors	investor	NOUN
easat-2393	112	19	under	under	ADP
easat-2393	112	20	extreme	extreme	ADJ
easat-2393	112	21	market	market	NOUN
easat-2393	112	22	conditions	condition	NOUN
easat-2393	112	23	.	.	PUNCT
easat-2393	113	1	there	there	PRON
easat-2393	113	2	are	be	VERB
easat-2393	113	3	two	two	NUM
easat-2393	113	4	measures	measure	NOUN
easat-2393	113	5	of	of	ADP
easat-2393	113	6	herding	herd	VERB
easat-2393	113	7	behaviour	behaviour	NOUN
easat-2393	113	8	used	use	VERB
easat-2393	113	9	in	in	ADP
easat-2393	113	10	this	this	DET
easat-2393	113	11	study	study	NOUN
easat-2393	113	12	.	.	PUNCT
easat-2393	114	1	the	the	DET
easat-2393	114	2	first	first	ADJ
easat-2393	114	3	measure	measure	NOUN
easat-2393	114	4	was	be	AUX
easat-2393	114	5	proposed	propose	VERB
easat-2393	114	6	by	by	ADP
easat-2393	114	7	[	[	X
easat-2393	114	8	10	10	NUM
easat-2393	114	9	]	]	PUNCT
easat-2393	114	10	;	;	PUNCT
easat-2393	114	11	using	use	VERB
easat-2393	114	12	cross	cross	ADJ
easat-2393	114	13	-	-	ADJ
easat-2393	114	14	sectional	sectional	ADJ
easat-2393	114	15	standard	standard	ADJ
easat-2393	114	16	deviation	deviation	NOUN
easat-2393	114	17	(	(	PUNCT
easat-2393	114	18	cssd	cssd	NOUN
easat-2393	114	19	)	)	PUNCT
easat-2393	114	20	of	of	ADP
easat-2393	114	21	stock	stock	NOUN
easat-2393	114	22	return	return	NOUN
easat-2393	114	23	from	from	ADP
easat-2393	114	24	the	the	DET
easat-2393	114	25	market	market	NOUN
easat-2393	114	26	return	return	NOUN
easat-2393	114	27	.	.	PUNCT
easat-2393	115	1	the	the	DET
easat-2393	115	2	formula	formula	NOUN
easat-2393	115	3	for	for	ADP
easat-2393	115	4	cssd	cssd	NOUN
easat-2393	115	5	is	be	AUX
easat-2393	115	6	as	as	SCONJ
easat-2393	115	7	follows	follow	VERB
easat-2393	115	8	:	:	PUNCT
easat-2393	115	9	𝐶𝑆𝑆𝐷𝑡	𝐶𝑆𝑆𝐷𝑡	PROPN
easat-2393	115	10	=	=	PUNCT
easat-2393	115	11	√	√	ADP
easat-2393	115	12	∑	∑	INTJ
easat-2393	115	13	(	(	PUNCT
easat-2393	115	14	𝑅𝑖,𝑡−𝑅𝑚,𝑡)2	𝑅𝑖,𝑡−𝑅𝑚,𝑡)2	CCONJ
easat-2393	115	15	𝑁	𝑁	PROPN
easat-2393	115	16	𝑖=1	𝑖=1	PROPN
easat-2393	115	17	𝑁−1	𝑁−1	NOUN
easat-2393	115	18	(	(	PUNCT
easat-2393	115	19	3	3	NUM
easat-2393	115	20	)	)	PUNCT
easat-2393	115	21	where	where	SCONJ
easat-2393	115	22	n	n	PRON
easat-2393	115	23	is	be	AUX
easat-2393	115	24	the	the	DET
easat-2393	115	25	number	number	NOUN
easat-2393	115	26	of	of	ADP
easat-2393	115	27	listed	list	VERB
easat-2393	115	28	stocks	stock	NOUN
easat-2393	115	29	,	,	PUNCT
easat-2393	115	30	ri	ri	PROPN
easat-2393	115	31	,	,	PUNCT
easat-2393	115	32	t	t	PROPN
easat-2393	115	33	is	be	AUX
easat-2393	115	34	the	the	DET
easat-2393	115	35	return	return	NOUN
easat-2393	115	36	of	of	ADP
easat-2393	115	37	stock	stock	NOUN
easat-2393	115	38	i	i	PRON
easat-2393	115	39	at	at	ADP
easat-2393	115	40	time	time	NOUN
easat-2393	115	41	t	t	PROPN
easat-2393	115	42	,	,	PUNCT
easat-2393	115	43	and	and	CCONJ
easat-2393	115	44	rm	rm	PROPN
easat-2393	115	45	,	,	PUNCT
easat-2393	115	46	t	t	PROPN
easat-2393	115	47	is	be	AUX
easat-2393	115	48	the	the	DET
easat-2393	115	49	average	average	ADJ
easat-2393	115	50	market	market	NOUN
easat-2393	115	51	return	return	NOUN
easat-2393	115	52	at	at	ADP
easat-2393	115	53	time	time	NOUN
easat-2393	115	54	t.	t.	NOUN
easat-2393	115	55	this	this	DET
easat-2393	115	56	study	study	NOUN
easat-2393	115	57	used	use	VERB
easat-2393	115	58	the	the	DET
easat-2393	115	59	regression	regression	NOUN
easat-2393	115	60	model	model	NOUN
easat-2393	115	61	proposed	propose	VERB
easat-2393	115	62	by	by	ADP
easat-2393	115	63	[	[	X
easat-2393	115	64	10	10	NUM
easat-2393	115	65	]	]	PUNCT
easat-2393	115	66	to	to	PART
easat-2393	115	67	identify	identify	VERB
easat-2393	115	68	the	the	DET
easat-2393	115	69	herding	herding	NOUN
easat-2393	115	70	behaviour	behaviour	NOUN
easat-2393	115	71	.	.	PUNCT
easat-2393	116	1	the	the	DET
easat-2393	116	2	model	model	NOUN
easat-2393	116	3	is	be	AUX
easat-2393	116	4	presented	present	VERB
easat-2393	116	5	in	in	ADP
easat-2393	116	6	equation	equation	NOUN
easat-2393	116	7	4	4	NUM
easat-2393	116	8	below	below	ADV
easat-2393	116	9	.	.	PUNCT
easat-2393	117	1	cssdt	cssdt	NOUN
easat-2393	117	2	=	=	SYM
easat-2393	117	3	θ0	θ0	PROPN
easat-2393	117	4	+	+	CCONJ
easat-2393	117	5	θ1	θ1	NOUN
easat-2393	117	6	|rm	|rm	ADP
easat-2393	117	7	,	,	PUNCT
easat-2393	117	8	t|	t|	NOUN
easat-2393	117	9	+	+	X
easat-2393	117	10	θ2(rm	θ2(rm	PROPN
easat-2393	117	11	,	,	PUNCT
easat-2393	117	12	t)2	t)2	PROPN
easat-2393	117	13	+	+	CCONJ
easat-2393	117	14	ɛt	ɛt	PROPN
easat-2393	117	15	(	(	PUNCT
easat-2393	117	16	4	4	NUM
easat-2393	117	17	)	)	PUNCT
easat-2393	117	18	the	the	DET
easat-2393	117	19	regression	regression	NOUN
easat-2393	117	20	model	model	NOUN
easat-2393	117	21	in	in	ADP
easat-2393	117	22	equation	equation	NOUN
easat-2393	117	23	4	4	NUM
easat-2393	117	24	aims	aim	VERB
easat-2393	117	25	to	to	PART
easat-2393	117	26	statistically	statistically	ADV
easat-2393	117	27	capture	capture	VERB
easat-2393	117	28	the	the	DET
easat-2393	117	29	clustering	clustering	NOUN
easat-2393	117	30	in	in	ADP
easat-2393	117	31	the	the	DET
easat-2393	117	32	market	market	NOUN
easat-2393	117	33	return	return	NOUN
easat-2393	117	34	when	when	SCONJ
easat-2393	117	35	there	there	PRON
easat-2393	117	36	is	be	VERB
easat-2393	117	37	an	an	DET
easat-2393	117	38	excessive	excessive	ADJ
easat-2393	117	39	move	move	NOUN
easat-2393	117	40	in	in	ADP
easat-2393	117	41	the	the	DET
easat-2393	117	42	market	market	NOUN
easat-2393	117	43	.	.	PUNCT
easat-2393	118	1	therefore	therefore	ADV
easat-2393	118	2	,	,	PUNCT
easat-2393	118	3	a	a	DET
easat-2393	118	4	negative	negative	ADJ
easat-2393	118	5	and	and	CCONJ
easat-2393	118	6	significant	significant	ADJ
easat-2393	118	7	value	value	NOUN
easat-2393	118	8	of	of	ADP
easat-2393	118	9	θ2	θ2	PROPN
easat-2393	118	10	suggests	suggest	VERB
easat-2393	118	11	the	the	DET
easat-2393	118	12	presence	presence	NOUN
easat-2393	118	13	of	of	ADP
easat-2393	118	14	herding	herd	VERB
easat-2393	118	15	behaviour	behaviour	NOUN
easat-2393	118	16	in	in	ADP
easat-2393	118	17	the	the	DET
easat-2393	118	18	market	market	NOUN
easat-2393	118	19	[	[	X
easat-2393	118	20	10	10	NUM
easat-2393	118	21	]	]	PUNCT
easat-2393	118	22	.	.	PUNCT
easat-2393	119	1	to	to	PART
easat-2393	119	2	capture	capture	VERB
easat-2393	119	3	the	the	DET
easat-2393	119	4	existence	existence	NOUN
easat-2393	119	5	of	of	ADP
easat-2393	119	6	herding	herd	VERB
easat-2393	119	7	behaviour	behaviour	NOUN
easat-2393	119	8	during	during	ADP
easat-2393	119	9	extreme	extreme	ADJ
easat-2393	119	10	market	market	NOUN
easat-2393	119	11	conditions	condition	NOUN
easat-2393	119	12	,	,	PUNCT
easat-2393	119	13	this	this	DET
easat-2393	119	14	study	study	NOUN
easat-2393	119	15	also	also	ADV
easat-2393	119	16	adopted	adopt	VERB
easat-2393	119	17	the	the	DET
easat-2393	119	18	model	model	NOUN
easat-2393	119	19	employed	employ	VERB
easat-2393	119	20	by	by	ADP
easat-2393	119	21	[	[	X
easat-2393	119	22	10	10	NUM
easat-2393	119	23	]	]	PUNCT
easat-2393	119	24	.	.	PUNCT
easat-2393	120	1	several	several	ADJ
easat-2393	120	2	empirical	empirical	ADJ
easat-2393	120	3	studies	study	NOUN
easat-2393	120	4	(	(	PUNCT
easat-2393	120	5	for	for	ADP
easat-2393	120	6	example	example	NOUN
easat-2393	120	7	,	,	PUNCT
easat-2393	120	8	[	[	X
easat-2393	120	9	2,18,19,44	2,18,19,44	NUM
easat-2393	120	10	]	]	X
easat-2393	120	11	)	)	PUNCT
easat-2393	120	12	have	have	AUX
easat-2393	120	13	also	also	ADV
easat-2393	120	14	used	use	VERB
easat-2393	120	15	the	the	DET
easat-2393	120	16	same	same	ADJ
easat-2393	120	17	model	model	NOUN
easat-2393	120	18	.	.	PUNCT
easat-2393	121	1	the	the	DET
easat-2393	121	2	regression	regression	NOUN
easat-2393	121	3	model	model	NOUN
easat-2393	121	4	for	for	ADP
easat-2393	121	5	the	the	DET
easat-2393	121	6	extreme	extreme	ADJ
easat-2393	121	7	market	market	NOUN
easat-2393	121	8	condition	condition	NOUN
easat-2393	121	9	is	be	AUX
easat-2393	121	10	presented	present	VERB
easat-2393	121	11	in	in	ADP
easat-2393	121	12	equation	equation	NOUN
easat-2393	121	13	5	5	NUM
easat-2393	121	14	.	.	PUNCT
easat-2393	122	1	cssdt	cssdt	NOUN
easat-2393	122	2	=	=	PUNCT
easat-2393	123	1	β0	β0	PROPN
easat-2393	124	1	+	+	CCONJ
easat-2393	124	2	ꞵ1dt	ꞵ1dt	PUNCT
easat-2393	124	3	u	u	NOUN
easat-2393	124	4	+	+	NOUN
easat-2393	124	5	ꞵ2dt	ꞵ2dt	PUNCT
easat-2393	125	1	l	l	NOUN
easat-2393	125	2	+	+	NUM
easat-2393	125	3	ɛt	ɛt	PROPN
easat-2393	125	4	(	(	PUNCT
easat-2393	125	5	5	5	NUM
easat-2393	125	6	)	)	PUNCT
easat-2393	125	7	where	where	SCONJ
easat-2393	125	8	,	,	PUNCT
easat-2393	125	9	du	du	PROPN
easat-2393	125	10	and	and	CCONJ
easat-2393	125	11	dl	dl	PROPN
easat-2393	125	12	are	be	AUX
easat-2393	125	13	dummy	dummy	ADJ
easat-2393	125	14	variables	variable	NOUN
easat-2393	125	15	for	for	ADP
easat-2393	125	16	extreme	extreme	ADJ
easat-2393	125	17	up	up	ADJ
easat-2393	125	18	-	-	PUNCT
easat-2393	125	19	market	market	NOUN
easat-2393	125	20	condition	condition	NOUN
easat-2393	125	21	and	and	CCONJ
easat-2393	125	22	extreme	extreme	ADJ
easat-2393	125	23	down	down	ADJ
easat-2393	125	24	-	-	PUNCT
easat-2393	125	25	market	market	NOUN
easat-2393	125	26	condition	condition	NOUN
easat-2393	125	27	,	,	PUNCT
easat-2393	125	28	respectively	respectively	ADV
easat-2393	125	29	.	.	PUNCT
easat-2393	125	30	dt	dt	PUNCT
easat-2393	126	1	u	u	X
easat-2393	126	2	=	=	NOUN
easat-2393	126	3	1	1	NUM
easat-2393	126	4	if	if	SCONJ
easat-2393	126	5	the	the	DET
easat-2393	126	6	market	market	NOUN
easat-2393	126	7	return	return	NOUN
easat-2393	126	8	lies	lie	VERB
easat-2393	126	9	in	in	ADP
easat-2393	126	10	the	the	DET
easat-2393	126	11	extreme	extreme	ADJ
easat-2393	126	12	upper	upper	ADJ
easat-2393	126	13	x	x	X
easat-2393	126	14	per	per	ADP
easat-2393	126	15	cent	cent	NOUN
easat-2393	126	16	of	of	ADP
easat-2393	126	17	the	the	DET
easat-2393	126	18	observation	observation	NOUN
easat-2393	126	19	and	and	CCONJ
easat-2393	126	20	0	0	NUM
easat-2393	126	21	otherwise	otherwise	ADV
easat-2393	126	22	.	.	PUNCT
easat-2393	127	1	dt	dt	PUNCT
easat-2393	128	1	l	l	X
easat-2393	128	2	=	=	NOUN
easat-2393	128	3	1	1	NUM
easat-2393	128	4	if	if	SCONJ
easat-2393	128	5	the	the	DET
easat-2393	128	6	market	market	NOUN
easat-2393	128	7	return	return	NOUN
easat-2393	128	8	lies	lie	VERB
easat-2393	128	9	in	in	ADP
easat-2393	128	10	the	the	DET
easat-2393	128	11	extremely	extremely	ADV
easat-2393	128	12	lower	low	ADJ
easat-2393	128	13	of	of	ADP
easat-2393	128	14	x	x	PUNCT
easat-2393	128	15	per	per	ADP
easat-2393	128	16	cent	cent	NOUN
easat-2393	128	17	of	of	ADP
easat-2393	128	18	the	the	DET
easat-2393	128	19	observation	observation	NOUN
easat-2393	128	20	and	and	CCONJ
easat-2393	128	21	0	0	NUM
easat-2393	128	22	otherwise	otherwise	ADV
easat-2393	128	23	.	.	PUNCT
easat-2393	129	1	litimi	litimi	PROPN
easat-2393	129	2	,	,	PUNCT
easat-2393	129	3	bensaïda	bensaïda	NOUN
easat-2393	129	4	,	,	PUNCT
easat-2393	129	5	and	and	CCONJ
easat-2393	129	6	bouraoui	bouraoui	NOUN
easat-2393	130	1	[	[	X
easat-2393	130	2	28	28	NUM
easat-2393	130	3	]	]	PUNCT
easat-2393	130	4	in	in	ADP
easat-2393	130	5	their	their	PRON
easat-2393	130	6	study	study	NOUN
easat-2393	130	7	have	have	AUX
easat-2393	130	8	defined	define	VERB
easat-2393	130	9	extreme	extreme	ADJ
easat-2393	130	10	market	market	NOUN
easat-2393	130	11	return	return	NOUN
easat-2393	130	12	arbitrarily	arbitrarily	ADV
easat-2393	130	13	.	.	PUNCT
easat-2393	131	1	in	in	ADP
easat-2393	131	2	this	this	DET
easat-2393	131	3	study	study	NOUN
easat-2393	131	4	,	,	PUNCT
easat-2393	131	5	the	the	DET
easat-2393	131	6	extreme	extreme	ADJ
easat-2393	131	7	up	up	NOUN
easat-2393	131	8	-	-	PUNCT
easat-2393	131	9	market	market	NOUN
easat-2393	131	10	is	be	AUX
easat-2393	131	11	defined	define	VERB
easat-2393	131	12	if	if	SCONJ
easat-2393	131	13	the	the	DET
easat-2393	131	14	market	market	NOUN
easat-2393	131	15	return	return	NOUN
easat-2393	131	16	values	value	NOUN
easat-2393	131	17	are	be	AUX
easat-2393	131	18	higher	high	ADJ
easat-2393	131	19	than	than	ADP
easat-2393	131	20	percentile	percentile	ADJ
easat-2393	131	21	90	90	NUM
easat-2393	131	22	(	(	PUNCT
easat-2393	131	23	p90	p90	NOUN
easat-2393	131	24	)	)	PUNCT
easat-2393	131	25	,	,	PUNCT
easat-2393	131	26	while	while	SCONJ
easat-2393	131	27	extreme	extreme	ADJ
easat-2393	131	28	down	down	ADJ
easat-2393	131	29	-	-	PUNCT
easat-2393	131	30	market	market	NOUN
easat-2393	131	31	is	be	AUX
easat-2393	131	32	when	when	SCONJ
easat-2393	131	33	the	the	DET
easat-2393	131	34	market	market	NOUN
easat-2393	131	35	return	return	NOUN
easat-2393	131	36	values	value	NOUN
easat-2393	131	37	are	be	AUX
easat-2393	131	38	below	below	ADP
easat-2393	131	39	percentile	percentile	ADJ
easat-2393	131	40	10	10	NUM
easat-2393	131	41	(	(	PUNCT
easat-2393	131	42	p10	p10	NOUN
easat-2393	131	43	)	)	PUNCT
easat-2393	131	44	value	value	NOUN
easat-2393	131	45	.	.	PUNCT
easat-2393	132	1	the	the	DET
easat-2393	132	2	presence	presence	NOUN
easat-2393	132	3	of	of	ADP
easat-2393	132	4	herding	herding	NOUN
easat-2393	132	5	behaviour	behaviour	NOUN
easat-2393	132	6	is	be	AUX
easat-2393	132	7	suggested	suggest	VERB
easat-2393	132	8	if	if	SCONJ
easat-2393	132	9	coefficients	coefficient	NOUN
easat-2393	132	10	ꞵ1	ꞵ1	NOUN
easat-2393	132	11	and	and	CCONJ
easat-2393	132	12	ꞵ2	ꞵ2	PROPN
easat-2393	132	13	are	be	AUX
easat-2393	132	14	negative	negative	ADJ
easat-2393	132	15	and	and	CCONJ
easat-2393	132	16	statistically	statistically	ADV
easat-2393	132	17	significant	significant	ADJ
easat-2393	132	18	.	.	PUNCT
easat-2393	133	1	while	while	SCONJ
easat-2393	133	2	positive	positive	ADJ
easat-2393	133	3	values	value	NOUN
easat-2393	133	4	indicated	indicate	VERB
easat-2393	133	5	non	non	ADJ
easat-2393	133	6	-	-	ADJ
easat-2393	133	7	herding	herding	ADJ
easat-2393	133	8	.	.	PUNCT
easat-2393	134	1	the	the	DET
easat-2393	134	2	second	second	ADJ
easat-2393	134	3	measure	measure	NOUN
easat-2393	134	4	of	of	ADP
easat-2393	134	5	herding	herd	VERB
easat-2393	134	6	behaviour	behaviour	NOUN
easat-2393	134	7	used	use	VERB
easat-2393	134	8	in	in	ADP
easat-2393	134	9	this	this	DET
easat-2393	134	10	paper	paper	NOUN
easat-2393	134	11	was	be	AUX
easat-2393	134	12	established	establish	VERB
easat-2393	134	13	by	by	ADP
easat-2393	134	14	[	[	X
easat-2393	134	15	5	5	NUM
easat-2393	134	16	]	]	PUNCT
easat-2393	134	17	;	;	PUNCT
easat-2393	134	18	using	use	VERB
easat-2393	134	19	crosssectional	crosssectional	ADJ
easat-2393	134	20	absolute	absolute	ADJ
easat-2393	134	21	deviation	deviation	NOUN
easat-2393	134	22	(	(	PUNCT
easat-2393	134	23	csad	csad	NOUN
easat-2393	134	24	)	)	PUNCT
easat-2393	134	25	of	of	ADP
easat-2393	134	26	stock	stock	NOUN
easat-2393	134	27	return	return	NOUN
easat-2393	134	28	from	from	ADP
easat-2393	134	29	market	market	NOUN
easat-2393	134	30	return	return	NOUN
easat-2393	134	31	.	.	PUNCT
easat-2393	135	1	the	the	DET
easat-2393	135	2	formula	formula	NOUN
easat-2393	135	3	to	to	PART
easat-2393	135	4	calculate	calculate	VERB
easat-2393	135	5	csad	csad	PROPN
easat-2393	135	6	is	be	AUX
easat-2393	135	7	as	as	SCONJ
easat-2393	135	8	follows	follow	VERB
easat-2393	135	9	:	:	PUNCT
easat-2393	136	1	csad𝑡	csad𝑡	NOUN
easat-2393	136	2	=	=	PUNCT
easat-2393	136	3	1	1	NUM
easat-2393	136	4	𝑁	𝑁	PROPN
easat-2393	136	5	∑	∑	PROPN
easat-2393	136	6	[	[	X
easat-2393	136	7	𝑅𝑖,𝑡	𝑅𝑖,𝑡	ADP
easat-2393	136	8	−	−	NOUN
easat-2393	136	9	𝑅𝑚,𝑡]𝑁	𝑅𝑚,𝑡]𝑁	NOUN
easat-2393	136	10	𝑖=1	𝑖=1	PROPN
easat-2393	136	11	(	(	PUNCT
easat-2393	136	12	6	6	NUM
easat-2393	136	13	)	)	PUNCT
easat-2393	136	14	where	where	SCONJ
easat-2393	136	15	,	,	PUNCT
easat-2393	136	16	ri	ri	PROPN
easat-2393	136	17	,	,	PUNCT
easat-2393	136	18	t	t	PROPN
easat-2393	136	19	is	be	AUX
easat-2393	136	20	the	the	DET
easat-2393	136	21	return	return	NOUN
easat-2393	136	22	of	of	ADP
easat-2393	136	23	stock	stock	NOUN
easat-2393	136	24	i	i	PRON
easat-2393	136	25	on	on	ADP
easat-2393	136	26	day	day	PROPN
easat-2393	136	27	t	t	PROPN
easat-2393	136	28	,	,	PUNCT
easat-2393	136	29	rm	rm	PROPN
easat-2393	136	30	,	,	PUNCT
easat-2393	136	31	t	t	PROPN
easat-2393	136	32	is	be	AUX
easat-2393	136	33	the	the	DET
easat-2393	136	34	market	market	NOUN
easat-2393	136	35	return	return	NOUN
easat-2393	136	36	on	on	ADP
easat-2393	136	37	day	day	NOUN
easat-2393	136	38	t	t	NOUN
easat-2393	136	39	and	and	CCONJ
easat-2393	136	40	n	n	PROPN
easat-2393	136	41	is	be	AUX
easat-2393	136	42	the	the	DET
easat-2393	136	43	number	number	NOUN
easat-2393	136	44	of	of	ADP
easat-2393	136	45	listed	list	VERB
easat-2393	136	46	stocks	stock	NOUN
easat-2393	136	47	on	on	ADP
easat-2393	136	48	day	day	NOUN
easat-2393	136	49	t.	t.	PROPN
easat-2393	136	50	according	accord	VERB
easat-2393	136	51	to	to	ADP
easat-2393	136	52	chang	chang	PROPN
easat-2393	136	53	et	et	PROPN
easat-2393	136	54	al	al	PROPN
easat-2393	136	55	.	.	PUNCT
easat-2393	137	1	[	[	X
easat-2393	137	2	5	5	NUM
easat-2393	137	3	]	]	PUNCT
easat-2393	137	4	,	,	PUNCT
easat-2393	137	5	the	the	DET
easat-2393	137	6	association	association	NOUN
easat-2393	137	7	between	between	ADP
easat-2393	137	8	csad	csad	PROPN
easat-2393	137	9	and	and	CCONJ
easat-2393	137	10	market	market	NOUN
easat-2393	137	11	return	return	NOUN
easat-2393	137	12	has	have	AUX
easat-2393	137	13	always	always	ADV
easat-2393	137	14	been	be	AUX
easat-2393	137	15	positive	positive	ADJ
easat-2393	137	16	.	.	PUNCT
easat-2393	138	1	however	however	ADV
easat-2393	138	2	,	,	PUNCT
easat-2393	138	3	when	when	SCONJ
easat-2393	138	4	herding	herd	VERB
easat-2393	138	5	behaviour	behaviour	NOUN
easat-2393	138	6	occurs	occur	VERB
easat-2393	138	7	,	,	PUNCT
easat-2393	138	8	this	this	DET
easat-2393	138	9	relationship	relationship	NOUN
easat-2393	138	10	should	should	AUX
easat-2393	138	11	be	be	AUX
easat-2393	138	12	negative	negative	ADJ
easat-2393	138	13	since	since	SCONJ
easat-2393	138	14	when	when	SCONJ
easat-2393	138	15	the	the	DET
easat-2393	138	16	absolute	absolute	ADJ
easat-2393	138	17	market	market	NOUN
easat-2393	138	18	return	return	NOUN
easat-2393	138	19	value	value	NOUN
easat-2393	138	20	increases	increase	NOUN
easat-2393	138	21	,	,	PUNCT
easat-2393	138	22	the	the	DET
easat-2393	138	23	csad	csad	ADJ
easat-2393	138	24	value	value	NOUN
easat-2393	138	25	decreases	decrease	VERB
easat-2393	138	26	,	,	PUNCT
easat-2393	138	27	or	or	CCONJ
easat-2393	138	28	vice	vice	ADV
easat-2393	138	29	versa	versa	ADV
easat-2393	138	30	.	.	PUNCT
easat-2393	139	1	equation	equation	NOUN
easat-2393	139	2	7	7	NUM
easat-2393	139	3	presents	present	VERB
easat-2393	139	4	the	the	DET
easat-2393	139	5	model	model	NOUN
easat-2393	139	6	recommended	recommend	VERB
easat-2393	139	7	by	by	ADP
easat-2393	139	8	chang	chang	PROPN
easat-2393	139	9	et	et	PROPN
easat-2393	139	10	al	al	PROPN
easat-2393	139	11	.	.	PUNCT
easat-2393	140	1	[	[	X
easat-2393	140	2	5	5	NUM
easat-2393	140	3	]	]	PUNCT
easat-2393	140	4	to	to	PART
easat-2393	140	5	estimate	estimate	VERB
easat-2393	140	6	the	the	DET
easat-2393	140	7	relationship	relationship	NOUN
easat-2393	140	8	between	between	ADP
easat-2393	140	9	csad	csad	ADJ
easat-2393	140	10	and	and	CCONJ
easat-2393	140	11	market	market	NOUN
easat-2393	140	12	return	return	NOUN
easat-2393	140	13	.	.	PUNCT
easat-2393	141	1	csadt	csadt	NOUN
easat-2393	141	2	=	=	PUNCT
easat-2393	141	3	γ0	γ0	NOUN
easat-2393	141	4	+	+	CCONJ
easat-2393	141	5	γ1|rm	γ1|rm	PROPN
easat-2393	141	6	,	,	PUNCT
easat-2393	141	7	t|	t|	NOUN
easat-2393	141	8	+	+	X
easat-2393	141	9	γ2(rm	γ2(rm	PROPN
easat-2393	141	10	,	,	PUNCT
easat-2393	141	11	t)2	t)2	PROPN
easat-2393	141	12	+	+	CCONJ
easat-2393	141	13	ɛt	ɛt	PROPN
easat-2393	141	14	(	(	PUNCT
easat-2393	141	15	7	7	NUM
easat-2393	141	16	)	)	PUNCT
easat-2393	141	17	meanwhile	meanwhile	ADV
easat-2393	141	18	,	,	PUNCT
easat-2393	141	19	to	to	PART
easat-2393	141	20	determine	determine	VERB
easat-2393	141	21	the	the	DET
easat-2393	141	22	herding	herding	NOUN
easat-2393	141	23	behaviour	behaviour	NOUN
easat-2393	141	24	during	during	ADP
easat-2393	141	25	the	the	DET
easat-2393	141	26	up	up	ADJ
easat-2393	141	27	-	-	PUNCT
easat-2393	141	28	market	market	NOUN
easat-2393	141	29	condition	condition	NOUN
easat-2393	141	30	(	(	PUNCT
easat-2393	141	31	equation	equation	NOUN
easat-2393	141	32	8)	8)	NUM
easat-2393	141	33	and	and	CCONJ
easat-2393	141	34	down	down	ADP
easat-2393	141	35	-	-	PUNCT
easat-2393	141	36	market	market	NOUN
easat-2393	141	37	condition	condition	NOUN
easat-2393	141	38	(	(	PUNCT
easat-2393	141	39	equation	equation	NOUN
easat-2393	141	40	9	9	NUM
easat-2393	141	41	)	)	PUNCT
easat-2393	141	42	,	,	PUNCT
easat-2393	141	43	the	the	DET
easat-2393	141	44	following	follow	VERB
easat-2393	141	45	regression	regression	NOUN
easat-2393	141	46	models	model	NOUN
easat-2393	141	47	are	be	AUX
easat-2393	141	48	employed	employ	VERB
easat-2393	141	49	.	.	PUNCT
easat-2393	142	1	2125	2125	NUM
easat-2393	142	2	edelweiss	edelweiss	PROPN
easat-2393	142	3	applied	apply	VERB
easat-2393	142	4	science	science	NOUN
easat-2393	142	5	and	and	CCONJ
easat-2393	142	6	technology	technology	NOUN
easat-2393	142	7	issn	issn	PROPN
easat-2393	142	8	:	:	PUNCT
easat-2393	142	9	2576	2576	NUM
easat-2393	142	10	-	-	SYM
easat-2393	142	11	8484	8484	NUM
easat-2393	142	12	vol	vol	NOUN
easat-2393	142	13	.	.	PROPN
easat-2393	142	14	8	8	NUM
easat-2393	142	15	,	,	PUNCT
easat-2393	142	16	no	no	INTJ
easat-2393	142	17	.	.	NOUN
easat-2393	142	18	6	6	NUM
easat-2393	142	19	:	:	SYM
easat-2393	142	20	2121	2121	NUM
easat-2393	142	21	-	-	SYM
easat-2393	142	22	2132	2132	NUM
easat-2393	142	23	,	,	PUNCT
easat-2393	142	24	2024	2024	NUM
easat-2393	142	25	doi	doi	NOUN
easat-2393	142	26	:	:	PUNCT
easat-2393	142	27	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	142	28	©	©	PROPN
easat-2393	142	29	2024	2024	NUM
easat-2393	142	30	by	by	ADP
easat-2393	142	31	the	the	DET
easat-2393	142	32	authors	author	NOUN
easat-2393	142	33	;	;	PUNCT
easat-2393	142	34	licensee	licensee	PROPN
easat-2393	142	35	learning	learn	VERB
easat-2393	142	36	gate	gate	PROPN
easat-2393	142	37	csadt	csadt	PROPN
easat-2393	142	38	u	u	PROPN
easat-2393	142	39	=	=	PROPN
easat-2393	142	40	αu0	αu0	PROPN
easat-2393	142	41	+	+	X
easat-2393	142	42	πu1|rm	πu1|rm	X
easat-2393	142	43	,	,	PUNCT
easat-2393	142	44	t	t	NOUN
easat-2393	142	45	u|	u|	PROPN
easat-2393	142	46	+	+	NUM
easat-2393	142	47	πu2(rm	πu2(rm	PROPN
easat-2393	142	48	,	,	PUNCT
easat-2393	142	49	t	t	PROPN
easat-2393	142	50	u)2	u)2	ADV
easat-2393	142	51	+	+	CCONJ
easat-2393	142	52	ɛt	ɛt	PROPN
easat-2393	142	53	if	if	SCONJ
easat-2393	142	54	rm	rm	PROPN
easat-2393	142	55	,	,	PUNCT
easat-2393	142	56	t	t	PROPN
easat-2393	142	57	>	>	X
easat-2393	142	58	0	0	PUNCT
easat-2393	143	1	(	(	PUNCT
easat-2393	143	2	8)	8)	NUM
easat-2393	143	3	csadt	csadt	NOUN
easat-2393	143	4	d	d	NOUN
easat-2393	143	5	=	=	PUNCT
easat-2393	143	6	αd0	αd0	NOUN
easat-2393	144	1	+	+	CCONJ
easat-2393	144	2	πd1	πd1	NOUN
easat-2393	144	3	|rm	|rm	NUM
easat-2393	144	4	,	,	PUNCT
easat-2393	144	5	t	t	PROPN
easat-2393	144	6	d|	d|	PROPN
easat-2393	145	1	+	+	PUNCT
easat-2393	145	2	πd2(rm	πd2(rm	PROPN
easat-2393	145	3	,	,	PUNCT
easat-2393	145	4	t	t	PROPN
easat-2393	145	5	d)2	d)2	PROPN
easat-2393	145	6	+	+	CCONJ
easat-2393	145	7	ɛt	ɛt	PROPN
easat-2393	145	8	if	if	SCONJ
easat-2393	145	9	rm	rm	PROPN
easat-2393	145	10	,	,	PUNCT
easat-2393	145	11	t	t	PROPN
easat-2393	145	12	<	<	X
easat-2393	145	13	0	0	NUM
easat-2393	146	1	(	(	PUNCT
easat-2393	146	2	9	9	NUM
easat-2393	146	3	)	)	PUNCT
easat-2393	146	4	under	under	ADP
easat-2393	146	5	the	the	DET
easat-2393	146	6	rational	rational	ADJ
easat-2393	146	7	asset	asset	NOUN
easat-2393	146	8	pricing	pricing	NOUN
easat-2393	146	9	model	model	NOUN
easat-2393	146	10	,	,	PUNCT
easat-2393	146	11	the	the	DET
easat-2393	146	12	above	above	ADJ
easat-2393	146	13	regressions	regression	NOUN
easat-2393	146	14	should	should	AUX
easat-2393	146	15	be	be	AUX
easat-2393	146	16	linear	linear	ADJ
easat-2393	146	17	,	,	PUNCT
easat-2393	146	18	which	which	PRON
easat-2393	146	19	implies	imply	VERB
easat-2393	146	20	π2=0	π2=0	PROPN
easat-2393	146	21	,	,	PUNCT
easat-2393	146	22	if	if	SCONJ
easat-2393	146	23	there	there	PRON
easat-2393	146	24	is	be	VERB
easat-2393	146	25	no	no	DET
easat-2393	146	26	herding	herding	NOUN
easat-2393	146	27	behaviour	behaviour	NOUN
easat-2393	146	28	.	.	PUNCT
easat-2393	147	1	on	on	ADP
easat-2393	147	2	the	the	DET
easat-2393	147	3	other	other	ADJ
easat-2393	147	4	hand	hand	NOUN
easat-2393	147	5	,	,	PUNCT
easat-2393	147	6	the	the	DET
easat-2393	147	7	presence	presence	NOUN
easat-2393	147	8	of	of	ADP
easat-2393	147	9	herding	herding	NOUN
easat-2393	147	10	behaviour	behaviour	NOUN
easat-2393	147	11	is	be	AUX
easat-2393	147	12	suggested	suggest	VERB
easat-2393	147	13	by	by	ADP
easat-2393	147	14	a	a	DET
easat-2393	147	15	statistically	statistically	ADV
easat-2393	147	16	significant	significant	ADJ
easat-2393	147	17	negative	negative	ADJ
easat-2393	147	18	value	value	NOUN
easat-2393	147	19	of	of	ADP
easat-2393	147	20	πu2/	πu2/	PROPN
easat-2393	147	21	πd2	πd2	PROPN
easat-2393	147	22	.	.	PUNCT
easat-2393	148	1	4	4	X
easat-2393	148	2	.	.	X
easat-2393	148	3	data	datum	NOUN
easat-2393	148	4	analysis	analysis	NOUN
easat-2393	148	5	and	and	CCONJ
easat-2393	148	6	findings	finding	NOUN
easat-2393	148	7	4.1	4.1	NUM
easat-2393	148	8	.	.	PUNCT
easat-2393	149	1	descriptive	descriptive	ADJ
easat-2393	149	2	analysis	analysis	NOUN
easat-2393	149	3	of	of	ADP
easat-2393	149	4	market	market	NOUN
easat-2393	149	5	return	return	NOUN
easat-2393	149	6	table	table	NOUN
easat-2393	149	7	1	1	NUM
easat-2393	149	8	illustrates	illustrate	VERB
easat-2393	149	9	the	the	DET
easat-2393	149	10	descriptive	descriptive	ADJ
easat-2393	149	11	statistics	statistic	NOUN
easat-2393	149	12	of	of	ADP
easat-2393	149	13	market	market	NOUN
easat-2393	149	14	return	return	NOUN
easat-2393	149	15	,	,	PUNCT
easat-2393	149	16	rm	rm	PROPN
easat-2393	149	17	,	,	PUNCT
easat-2393	149	18	t	t	PROPN
easat-2393	149	19	for	for	ADP
easat-2393	149	20	the	the	DET
easat-2393	149	21	entire	entire	ADJ
easat-2393	149	22	study	study	NOUN
easat-2393	149	23	period	period	NOUN
easat-2393	149	24	(	(	PUNCT
easat-2393	149	25	year	year	NOUN
easat-2393	149	26	2000	2000	NUM
easat-2393	149	27	until	until	ADP
easat-2393	149	28	2019	2019	NUM
easat-2393	149	29	)	)	PUNCT
easat-2393	149	30	and	and	CCONJ
easat-2393	149	31	during	during	ADP
easat-2393	149	32	the	the	DET
easat-2393	149	33	three	three	NUM
easat-2393	149	34	market	market	NOUN
easat-2393	149	35	conditions	condition	NOUN
easat-2393	149	36	,	,	PUNCT
easat-2393	149	37	respectively	respectively	ADV
easat-2393	149	38	.	.	PUNCT
easat-2393	150	1	from	from	ADP
easat-2393	150	2	table	table	NOUN
easat-2393	150	3	1	1	NUM
easat-2393	150	4	,	,	PUNCT
easat-2393	150	5	the	the	DET
easat-2393	150	6	statistics	statistic	NOUN
easat-2393	150	7	demonstrate	demonstrate	VERB
easat-2393	150	8	that	that	SCONJ
easat-2393	150	9	the	the	DET
easat-2393	150	10	market	market	NOUN
easat-2393	150	11	returns	return	NOUN
easat-2393	150	12	have	have	VERB
easat-2393	150	13	positive	positive	ADJ
easat-2393	150	14	mean	mean	ADJ
easat-2393	150	15	values	value	NOUN
easat-2393	150	16	for	for	ADP
easat-2393	150	17	the	the	DET
easat-2393	150	18	entire	entire	ADJ
easat-2393	150	19	period	period	NOUN
easat-2393	150	20	,	,	PUNCT
easat-2393	150	21	pre	pre	NOUN
easat-2393	150	22	-	-	NOUN
easat-2393	150	23	crisis	crisis	NOUN
easat-2393	150	24	,	,	PUNCT
easat-2393	150	25	and	and	CCONJ
easat-2393	150	26	postcrisis	postcrisis	NOUN
easat-2393	150	27	periods	period	NOUN
easat-2393	150	28	.	.	PUNCT
easat-2393	151	1	only	only	ADV
easat-2393	151	2	during	during	ADP
easat-2393	151	3	the	the	DET
easat-2393	151	4	crisis	crisis	NOUN
easat-2393	151	5	period	period	NOUN
easat-2393	151	6	,	,	PUNCT
easat-2393	151	7	the	the	DET
easat-2393	151	8	mean	mean	ADJ
easat-2393	151	9	value	value	NOUN
easat-2393	151	10	of	of	ADP
easat-2393	151	11	market	market	NOUN
easat-2393	151	12	return	return	NOUN
easat-2393	151	13	was	be	AUX
easat-2393	151	14	negative	negative	ADJ
easat-2393	151	15	.	.	PUNCT
easat-2393	152	1	the	the	DET
easat-2393	152	2	highest	high	ADJ
easat-2393	152	3	mean	mean	ADJ
easat-2393	152	4	value	value	NOUN
easat-2393	152	5	occurs	occur	VERB
easat-2393	152	6	in	in	ADP
easat-2393	152	7	the	the	DET
easat-2393	152	8	post	post	ADJ
easat-2393	152	9	-	-	ADJ
easat-2393	152	10	crisis	crisis	ADJ
easat-2393	152	11	periods	period	NOUN
easat-2393	152	12	(	(	PUNCT
easat-2393	152	13	0.066	0.066	NUM
easat-2393	152	14	)	)	PUNCT
easat-2393	152	15	whilst	whilst	SCONJ
easat-2393	152	16	the	the	DET
easat-2393	152	17	lowest	low	ADJ
easat-2393	152	18	mean	mean	ADJ
easat-2393	152	19	value	value	NOUN
easat-2393	152	20	occurs	occur	VERB
easat-2393	152	21	during	during	ADP
easat-2393	152	22	the	the	DET
easat-2393	152	23	crisis	crisis	NOUN
easat-2393	152	24	period	period	NOUN
easat-2393	152	25	(	(	PUNCT
easat-2393	152	26	-0.067	-0.067	NOUN
easat-2393	152	27	)	)	PUNCT
easat-2393	152	28	.	.	PUNCT
easat-2393	153	1	meanwhile	meanwhile	ADV
easat-2393	153	2	,	,	PUNCT
easat-2393	153	3	the	the	DET
easat-2393	153	4	highest	high	ADJ
easat-2393	153	5	and	and	CCONJ
easat-2393	153	6	lowest	low	ADJ
easat-2393	153	7	market	market	NOUN
easat-2393	153	8	returns	return	NOUN
easat-2393	153	9	during	during	ADP
easat-2393	153	10	the	the	DET
easat-2393	153	11	entire	entire	ADJ
easat-2393	153	12	period	period	NOUN
easat-2393	153	13	of	of	ADP
easat-2393	153	14	study	study	NOUN
easat-2393	153	15	were	be	AUX
easat-2393	153	16	6.885	6.885	NUM
easat-2393	153	17	and	and	CCONJ
easat-2393	153	18	-4.471	-4.471	NUM
easat-2393	153	19	,	,	PUNCT
easat-2393	153	20	respectively	respectively	ADV
easat-2393	153	21	.	.	PUNCT
easat-2393	154	1	revealing	reveal	VERB
easat-2393	154	2	the	the	DET
easat-2393	154	3	high	high	ADJ
easat-2393	154	4	volatility	volatility	NOUN
easat-2393	154	5	during	during	ADP
easat-2393	154	6	the	the	DET
easat-2393	154	7	entire	entire	ADJ
easat-2393	154	8	period	period	NOUN
easat-2393	154	9	of	of	ADP
easat-2393	154	10	study	study	NOUN
easat-2393	154	11	.	.	PUNCT
easat-2393	155	1	table	table	NOUN
easat-2393	155	2	1	1	NUM
easat-2393	155	3	also	also	ADV
easat-2393	155	4	presents	present	VERB
easat-2393	155	5	the	the	DET
easat-2393	155	6	values	value	NOUN
easat-2393	155	7	of	of	ADP
easat-2393	155	8	p10	p10	NOUN
easat-2393	155	9	(	(	PUNCT
easat-2393	155	10	threshold	threshold	NOUN
easat-2393	155	11	level	level	NOUN
easat-2393	155	12	for	for	ADP
easat-2393	155	13	the	the	DET
easat-2393	155	14	down	down	ADJ
easat-2393	155	15	-	-	PUNCT
easat-2393	155	16	market	market	NOUN
easat-2393	155	17	)	)	PUNCT
easat-2393	155	18	and	and	CCONJ
easat-2393	155	19	p90	p90	NOUN
easat-2393	155	20	(	(	PUNCT
easat-2393	155	21	the	the	DET
easat-2393	155	22	threshold	threshold	NOUN
easat-2393	155	23	level	level	NOUN
easat-2393	155	24	for	for	ADP
easat-2393	155	25	the	the	DET
easat-2393	155	26	upmarket	upmarket	NOUN
easat-2393	155	27	)	)	PUNCT
easat-2393	155	28	for	for	ADP
easat-2393	155	29	the	the	DET
easat-2393	155	30	respective	respective	ADJ
easat-2393	155	31	periods	period	NOUN
easat-2393	155	32	.	.	PUNCT
easat-2393	156	1	table	table	NOUN
easat-2393	156	2	1	1	NUM
easat-2393	156	3	.	.	PUNCT
easat-2393	156	4	descriptive	descriptive	ADJ
easat-2393	156	5	statistics	statistic	NOUN
easat-2393	156	6	of	of	ADP
easat-2393	156	7	market	market	NOUN
easat-2393	156	8	return	return	NOUN
easat-2393	156	9	(	(	PUNCT
easat-2393	156	10	rm	rm	PROPN
easat-2393	156	11	,	,	PUNCT
easat-2393	156	12	t	t	PROPN
easat-2393	156	13	)	)	PUNCT
easat-2393	156	14	.	.	PUNCT
easat-2393	157	1	period	period	NOUN
easat-2393	157	2	minimum	minimum	ADJ
easat-2393	157	3	maximum	maximum	ADJ
easat-2393	157	4	mean	mean	NOUN
easat-2393	157	5	10th	10th	ADJ
easat-2393	157	6	percentile	percentile	ADJ
easat-2393	157	7	(	(	PUNCT
easat-2393	157	8	p10	p10	NOUN
easat-2393	157	9	)	)	PUNCT
easat-2393	157	10	90th	90th	NOUN
easat-2393	157	11	percentile	percentile	NOUN
easat-2393	157	12	(	(	PUNCT
easat-2393	157	13	p90	p90	NOUN
easat-2393	157	14	)	)	PUNCT
easat-2393	157	15	entire	entire	ADJ
easat-2393	157	16	period	period	NOUN
easat-2393	157	17	(	(	PUNCT
easat-2393	157	18	year	year	NOUN
easat-2393	157	19	2000	2000	NUM
easat-2393	157	20	2019	2019	NUM
easat-2393	157	21	)	)	PUNCT
easat-2393	157	22	(	(	PUNCT
easat-2393	157	23	n	n	NOUN
easat-2393	157	24	=	=	SYM
easat-2393	157	25	4923	4923	NUM
easat-2393	157	26	)	)	PUNCT
easat-2393	157	27	4.471	4.471	NUM
easat-2393	157	28	6.885	6.885	NUM
easat-2393	157	29	0.011	0.011	NUM
easat-2393	157	30	-0.055	-0.055	VERB
easat-2393	157	31	0.724	0.724	NUM
easat-2393	157	32	pre	pre	NOUN
easat-2393	157	33	-	-	NOUN
easat-2393	157	34	crisis	crisis	NOUN
easat-2393	157	35	(	(	PUNCT
easat-2393	157	36	feb	feb	PROPN
easat-2393	157	37	2007	2007	NUM
easat-2393	157	38	feb	feb	NOUN
easat-2393	157	39	2008	2008	NUM
easat-2393	157	40	)	)	PUNCT
easat-2393	157	41	(	(	PUNCT
easat-2393	157	42	n	n	NOUN
easat-2393	157	43	=	=	SYM
easat-2393	157	44	265	265	NUM
easat-2393	157	45	)	)	PUNCT
easat-2393	157	46	1.539	1.539	NUM
easat-2393	157	47	1.163	1.163	NUM
easat-2393	157	48	0.022	0.022	NUM
easat-2393	157	49	-0.891	-0.891	NOUN
easat-2393	157	50	0.799	0.799	NUM
easat-2393	157	51	during	during	ADP
easat-2393	157	52	crisis	crisis	NOUN
easat-2393	157	53	(	(	PUNCT
easat-2393	157	54	march	march	PROPN
easat-2393	157	55	2008	2008	NUM
easat-2393	157	56	march	march	PROPN
easat-2393	157	57	2009	2009	NUM
easat-2393	157	58	)	)	PUNCT
easat-2393	157	59	(	(	PUNCT
easat-2393	157	60	n	n	NOUN
easat-2393	157	61	=	=	SYM
easat-2393	157	62	265	265	NUM
easat-2393	157	63	)	)	PUNCT
easat-2393	157	64	1.885	1.885	NUM
easat-2393	157	65	1.553	1.553	NUM
easat-2393	157	66	0.067	0.067	NUM
easat-2393	157	67	-0.938	-0.938	PROPN
easat-2393	157	68	1.072	1.072	NUM
easat-2393	157	69	post	post	NOUN
easat-2393	157	70	-	-	NOUN
easat-2393	157	71	crisis	crisis	NOUN
easat-2393	157	72	(	(	PUNCT
easat-2393	157	73	april	april	PROPN
easat-2393	157	74	2009	2009	NUM
easat-2393	157	75	april	april	PROPN
easat-2393	157	76	2010	2010	NUM
easat-2393	157	77	)	)	PUNCT
easat-2393	157	78	(	(	PUNCT
easat-2393	157	79	n	n	NOUN
easat-2393	157	80	=	=	SYM
easat-2393	157	81	271	271	NUM
easat-2393	157	82	)	)	PUNCT
easat-2393	157	83	0.972	0.972	NUM
easat-2393	157	84	1.078	1.078	NUM
easat-2393	157	85	0.066	0.066	NUM
easat-2393	157	86	-0.665	-0.665	PUNCT
easat-2393	157	87	0.741	0.741	NUM
easat-2393	157	88	note	note	NOUN
easat-2393	157	89	:	:	PUNCT
easat-2393	157	90	p10	p10	NOUN
easat-2393	157	91	represents	represent	VERB
easat-2393	157	92	the	the	DET
easat-2393	157	93	threshold	threshold	NOUN
easat-2393	157	94	levels	level	NOUN
easat-2393	157	95	for	for	ADP
easat-2393	157	96	extreme	extreme	ADJ
easat-2393	157	97	down	down	ADJ
easat-2393	157	98	-	-	PUNCT
easat-2393	157	99	market	market	NOUN
easat-2393	157	100	;	;	PUNCT
easat-2393	157	101	p90	p90	NOUN
easat-2393	157	102	represents	represent	VERB
easat-2393	157	103	the	the	DET
easat-2393	157	104	threshold	threshold	NOUN
easat-2393	157	105	levels	level	NOUN
easat-2393	157	106	for	for	ADP
easat-2393	157	107	extreme	extreme	ADJ
easat-2393	157	108	up	up	ADJ
easat-2393	157	109	-	-	PUNCT
easat-2393	157	110	market	market	NOUN
easat-2393	157	111	.	.	PUNCT
easat-2393	158	1	n	n	CCONJ
easat-2393	159	1	=	=	NOUN
easat-2393	159	2	no	no	NOUN
easat-2393	159	3	.	.	NOUN
easat-2393	159	4	of	of	ADP
easat-2393	159	5	observation	observation	NOUN
easat-2393	159	6	.	.	PUNCT
easat-2393	160	1	4.2	4.2	NUM
easat-2393	160	2	.	.	PUNCT
easat-2393	160	3	unit	unit	NOUN
easat-2393	160	4	root	root	NOUN
easat-2393	160	5	tests	test	VERB
easat-2393	160	6	the	the	DET
easat-2393	160	7	results	result	NOUN
easat-2393	160	8	in	in	ADP
easat-2393	160	9	table	table	NOUN
easat-2393	160	10	2	2	NUM
easat-2393	160	11	show	show	VERB
easat-2393	160	12	that	that	SCONJ
easat-2393	160	13	both	both	CCONJ
easat-2393	160	14	the	the	DET
easat-2393	160	15	adf	adf	NOUN
easat-2393	160	16	and	and	CCONJ
easat-2393	160	17	pp	pp	ADV
easat-2393	160	18	tests	test	NOUN
easat-2393	160	19	for	for	ADP
easat-2393	160	20	cssd	cssd	NOUN
easat-2393	160	21	and	and	CCONJ
easat-2393	160	22	csad	csad	ADJ
easat-2393	160	23	at	at	ADP
easat-2393	160	24	level	level	NOUN
easat-2393	160	25	are	be	AUX
easat-2393	160	26	significant	significant	ADJ
easat-2393	160	27	at	at	ADP
easat-2393	160	28	5	5	NUM
easat-2393	160	29	%	%	NOUN
easat-2393	160	30	level	level	NOUN
easat-2393	160	31	,	,	PUNCT
easat-2393	160	32	suggesting	suggest	VERB
easat-2393	160	33	that	that	SCONJ
easat-2393	160	34	the	the	DET
easat-2393	160	35	series	serie	NOUN
easat-2393	160	36	are	be	AUX
easat-2393	160	37	stationary	stationary	ADJ
easat-2393	160	38	at	at	ADP
easat-2393	160	39	level	level	NOUN
easat-2393	160	40	,	,	PUNCT
easat-2393	160	41	hence	hence	ADV
easat-2393	160	42	i	i	PRON
easat-2393	160	43	(	(	PUNCT
easat-2393	160	44	0	0	NUM
easat-2393	160	45	)	)	PUNCT
easat-2393	160	46	.	.	PUNCT
easat-2393	161	1	the	the	DET
easat-2393	161	2	same	same	ADJ
easat-2393	161	3	tests	test	NOUN
easat-2393	161	4	are	be	AUX
easat-2393	161	5	also	also	ADV
easat-2393	161	6	performed	perform	VERB
easat-2393	161	7	at	at	ADP
easat-2393	161	8	first	first	ADJ
easat-2393	161	9	difference	difference	NOUN
easat-2393	161	10	.	.	PUNCT
easat-2393	162	1	the	the	DET
easat-2393	162	2	results	result	NOUN
easat-2393	162	3	found	find	VERB
easat-2393	162	4	the	the	DET
easat-2393	162	5	series	series	NOUN
easat-2393	162	6	is	be	AUX
easat-2393	162	7	also	also	ADV
easat-2393	162	8	significant	significant	ADJ
easat-2393	162	9	at	at	ADP
easat-2393	162	10	5	5	NUM
easat-2393	162	11	%	%	NOUN
easat-2393	162	12	level	level	NOUN
easat-2393	162	13	except	except	SCONJ
easat-2393	162	14	for	for	ADP
easat-2393	162	15	csad	csad	NOUN
easat-2393	162	16	where	where	SCONJ
easat-2393	162	17	the	the	DET
easat-2393	162	18	result	result	NOUN
easat-2393	162	19	from	from	ADP
easat-2393	162	20	the	the	DET
easat-2393	162	21	pp	pp	PROPN
easat-2393	162	22	test	test	NOUN
easat-2393	162	23	demonstrates	demonstrate	VERB
easat-2393	162	24	that	that	SCONJ
easat-2393	162	25	the	the	DET
easat-2393	162	26	series	series	NOUN
easat-2393	162	27	is	be	AUX
easat-2393	162	28	not	not	PART
easat-2393	162	29	significant	significant	ADJ
easat-2393	162	30	at	at	ADP
easat-2393	162	31	5	5	NUM
easat-2393	162	32	%	%	NOUN
easat-2393	162	33	.	.	PUNCT
easat-2393	163	1	however	however	ADV
easat-2393	163	2	,	,	PUNCT
easat-2393	163	3	the	the	DET
easat-2393	163	4	adf	adf	PROPN
easat-2393	163	5	tests	test	NOUN
easat-2393	163	6	found	find	VERB
easat-2393	163	7	csad	csad	ADJ
easat-2393	163	8	in	in	ADP
easat-2393	163	9	the	the	DET
easat-2393	163	10	first	first	ADJ
easat-2393	163	11	difference	difference	NOUN
easat-2393	163	12	is	be	AUX
easat-2393	163	13	significant	significant	ADJ
easat-2393	163	14	.	.	PUNCT
easat-2393	164	1	based	base	VERB
easat-2393	164	2	on	on	ADP
easat-2393	164	3	the	the	DET
easat-2393	164	4	unit	unit	NOUN
easat-2393	164	5	root	root	NOUN
easat-2393	164	6	test	test	NOUN
easat-2393	164	7	results	result	NOUN
easat-2393	164	8	,	,	PUNCT
easat-2393	164	9	in	in	ADP
easat-2393	164	10	further	further	ADJ
easat-2393	164	11	analysis	analysis	NOUN
easat-2393	164	12	,	,	PUNCT
easat-2393	164	13	data	datum	NOUN
easat-2393	164	14	at	at	ADP
easat-2393	164	15	level	level	NOUN
easat-2393	164	16	will	will	AUX
easat-2393	164	17	be	be	AUX
easat-2393	164	18	used	use	VERB
easat-2393	164	19	in	in	ADP
easat-2393	164	20	the	the	DET
easat-2393	164	21	estimation	estimation	NOUN
easat-2393	164	22	.	.	PUNCT
easat-2393	165	1	table	table	NOUN
easat-2393	165	2	2	2	NUM
easat-2393	165	3	.	.	PUNCT
easat-2393	165	4	results	result	NOUN
easat-2393	165	5	of	of	ADP
easat-2393	165	6	unit	unit	NOUN
easat-2393	165	7	root	root	NOUN
easat-2393	165	8	tests	test	NOUN
easat-2393	165	9	.	.	PUNCT
easat-2393	166	1	2126	2126	NUM
easat-2393	166	2	edelweiss	edelweiss	PROPN
easat-2393	166	3	applied	apply	VERB
easat-2393	166	4	science	science	NOUN
easat-2393	166	5	and	and	CCONJ
easat-2393	166	6	technology	technology	NOUN
easat-2393	166	7	issn	issn	PROPN
easat-2393	166	8	:	:	PUNCT
easat-2393	166	9	2576	2576	NUM
easat-2393	166	10	-	-	SYM
easat-2393	166	11	8484	8484	NUM
easat-2393	166	12	vol	vol	NOUN
easat-2393	166	13	.	.	PROPN
easat-2393	166	14	8	8	NUM
easat-2393	166	15	,	,	PUNCT
easat-2393	166	16	no	no	INTJ
easat-2393	166	17	.	.	NOUN
easat-2393	166	18	6	6	NUM
easat-2393	166	19	:	:	SYM
easat-2393	166	20	2121	2121	NUM
easat-2393	166	21	-	-	SYM
easat-2393	166	22	2132	2132	NUM
easat-2393	166	23	,	,	PUNCT
easat-2393	166	24	2024	2024	NUM
easat-2393	166	25	doi	doi	NOUN
easat-2393	166	26	:	:	PUNCT
easat-2393	166	27	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	166	28	©	©	PROPN
easat-2393	166	29	2024	2024	NUM
easat-2393	166	30	by	by	ADP
easat-2393	166	31	the	the	DET
easat-2393	166	32	authors	author	NOUN
easat-2393	166	33	;	;	PUNCT
easat-2393	166	34	licensee	licensee	PROPN
easat-2393	166	35	learning	learn	VERB
easat-2393	166	36	gate	gate	NOUN
easat-2393	166	37	measure	measure	NOUN
easat-2393	166	38	for	for	ADP
easat-2393	166	39	herding	herd	VERB
easat-2393	166	40	behaviour	behaviour	NOUN
easat-2393	166	41	series	series	NOUN
easat-2393	166	42	and	and	CCONJ
easat-2393	166	43	critical	critical	ADJ
easat-2393	166	44	value	value	NOUN
easat-2393	166	45	adf	adf	NOUN
easat-2393	166	46	test	test	NOUN
easat-2393	166	47	pp	pp	ADP
easat-2393	166	48	test	test	NOUN
easat-2393	166	49	intercept	intercept	NOUN
easat-2393	166	50	intercept	intercept	NOUN
easat-2393	166	51	and	and	CCONJ
easat-2393	166	52	trend	trend	NOUN
easat-2393	166	53	intercept	intercept	NOUN
easat-2393	166	54	intercept	intercept	NOUN
easat-2393	166	55	and	and	CCONJ
easat-2393	166	56	trend	trend	NOUN
easat-2393	166	57	cssd	cssd	NOUN
easat-2393	166	58	level	level	NOUN
easat-2393	166	59	critical	critical	ADJ
easat-2393	166	60	value	value	NOUN
easat-2393	166	61	(	(	PUNCT
easat-2393	166	62	5	5	NUM
easat-2393	166	63	%	%	NOUN
easat-2393	166	64	)	)	PUNCT
easat-2393	166	65	-6.226*[18	-6.226*[18	X
easat-2393	166	66	]	]	X
easat-2393	166	67	(	(	PUNCT
easat-2393	166	68	-2.861	-2.861	NUM
easat-2393	166	69	)	)	PUNCT
easat-2393	166	70	-6.343*[18	-6.343*[18	PROPN
easat-2393	166	71	]	]	PUNCT
easat-2393	166	72	(	(	PUNCT
easat-2393	166	73	-3.410	-3.410	X
easat-2393	166	74	)	)	PUNCT
easat-2393	166	75	-85.645*[48	-85.645*[48	X
easat-2393	166	76	]	]	X
easat-2393	166	77	(	(	PUNCT
easat-2393	166	78	-2.861	-2.861	NUM
easat-2393	166	79	)	)	PUNCT
easat-2393	166	80	-85.832*[48	-85.832*[48	X
easat-2393	166	81	]	]	X
easat-2393	166	82	(	(	PUNCT
easat-2393	166	83	-3.410	-3.410	PUNCT
easat-2393	166	84	)	)	PUNCT
easat-2393	166	85	first	first	ADJ
easat-2393	166	86	difference	difference	NOUN
easat-2393	166	87	critical	critical	ADJ
easat-2393	166	88	value	value	NOUN
easat-2393	166	89	(	(	PUNCT
easat-2393	166	90	5	5	NUM
easat-2393	166	91	%	%	NOUN
easat-2393	166	92	)	)	PUNCT
easat-2393	166	93	19.407*[29	19.407*[29	NOUN
easat-2393	166	94	]	]	PUNCT
easat-2393	166	95	(	(	PUNCT
easat-2393	166	96	-2.861	-2.861	NUM
easat-2393	166	97	)	)	PUNCT
easat-2393	166	98	19.409*[29	19.409*[29	NUM
easat-2393	166	99	]	]	PUNCT
easat-2393	166	100	(	(	PUNCT
easat-2393	166	101	-3.410	-3.410	X
easat-2393	166	102	)	)	PUNCT
easat-2393	166	103	847.508*[318	847.508*[318	NUM
easat-2393	166	104	]	]	PUNCT
easat-2393	166	105	(	(	PUNCT
easat-2393	166	106	-2.861	-2.861	NUM
easat-2393	166	107	)	)	PUNCT
easat-2393	166	108	48.332*[318	48.332*[318	NUM
easat-2393	166	109	]	]	PUNCT
easat-2393	166	110	(	(	PUNCT
easat-2393	166	111	-3.410	-3.410	ADJ
easat-2393	166	112	)	)	PUNCT
easat-2393	166	113	csad	csad	ADJ
easat-2393	166	114	level	level	NOUN
easat-2393	166	115	critical	critical	ADJ
easat-2393	166	116	value	value	NOUN
easat-2393	166	117	(	(	PUNCT
easat-2393	166	118	5	5	NUM
easat-2393	166	119	%	%	NOUN
easat-2393	166	120	)	)	PUNCT
easat-2393	166	121	-5.102*[29	-5.102*[29	NOUN
easat-2393	166	122	]	]	X
easat-2393	166	123	(	(	PUNCT
easat-2393	166	124	-2.861	-2.861	NUM
easat-2393	166	125	)	)	PUNCT
easat-2393	166	126	-5.196*[29	-5.196*[29	X
easat-2393	166	127	]	]	X
easat-2393	166	128	(	(	PUNCT
easat-2393	166	129	-3.410	-3.410	PUNCT
easat-2393	166	130	)	)	PUNCT
easat-2393	166	131	-88.240*[48	-88.240*[48	NOUN
easat-2393	166	132	]	]	X
easat-2393	166	133	(	(	PUNCT
easat-2393	166	134	-2.861	-2.861	NUM
easat-2393	166	135	)	)	PUNCT
easat-2393	166	136	-88.386*[48	-88.386*[48	ADP
easat-2393	166	137	]	]	X
easat-2393	166	138	(	(	PUNCT
easat-2393	166	139	-3.410	-3.410	PUNCT
easat-2393	166	140	)	)	PUNCT
easat-2393	166	141	first	first	ADJ
easat-2393	166	142	difference	difference	NOUN
easat-2393	166	143	critical	critical	ADJ
easat-2393	166	144	value	value	NOUN
easat-2393	166	145	(	(	PUNCT
easat-2393	166	146	5	5	NUM
easat-2393	166	147	%	%	NOUN
easat-2393	166	148	)	)	PUNCT
easat-2393	166	149	19.906*[28	19.906*[28	NUM
easat-2393	166	150	]	]	PUNCT
easat-2393	166	151	(	(	PUNCT
easat-2393	166	152	-2.861	-2.861	NUM
easat-2393	166	153	)	)	PUNCT
easat-2393	166	154	19.908*[28	19.908*[28	NUM
easat-2393	166	155	]	]	PUNCT
easat-2393	166	156	(	(	PUNCT
easat-2393	166	157	-3.410	-3.410	X
easat-2393	166	158	)	)	PUNCT
easat-2393	166	159	1022.290[490	1022.290[490	NUM
easat-2393	166	160	]	]	X
easat-2393	166	161	(	(	PUNCT
easat-2393	166	162	-2.861	-2.861	NUM
easat-2393	166	163	)	)	PUNCT
easat-2393	166	164	1025.223[490	1025.223[490	NOUN
easat-2393	166	165	]	]	PUNCT
easat-2393	166	166	(	(	PUNCT
easat-2393	166	167	-3.410	-3.410	X
easat-2393	166	168	)	)	PUNCT
easat-2393	166	169	note	note	NOUN
easat-2393	166	170	:	:	PUNCT
easat-2393	166	171	the	the	DET
easat-2393	166	172	figures	figure	NOUN
easat-2393	166	173	in	in	ADP
easat-2393	166	174	parenthesis	parenthesis	NOUN
easat-2393	166	175	are	be	AUX
easat-2393	166	176	mackinnon	mackinnon	PROPN
easat-2393	166	177	's	's	PART
easat-2393	166	178	(	(	PUNCT
easat-2393	166	179	1996	1996	NUM
easat-2393	166	180	)	)	PUNCT
easat-2393	166	181	critical	critical	ADJ
easat-2393	166	182	value	value	NOUN
easat-2393	166	183	at	at	ADP
easat-2393	166	184	5	5	NUM
easat-2393	166	185	%	%	NOUN
easat-2393	166	186	level	level	NOUN
easat-2393	166	187	.	.	PUNCT
easat-2393	167	1	figures	figure	NOUN
easat-2393	167	2	in	in	ADP
easat-2393	167	3	[	[	X
easat-2393	167	4	]	]	X
easat-2393	167	5	are	be	AUX
easat-2393	167	6	optimum	optimum	ADJ
easat-2393	167	7	lag	lag	NOUN
easat-2393	167	8	length	length	NOUN
easat-2393	167	9	based	base	VERB
easat-2393	167	10	on	on	ADP
easat-2393	167	11	aic	aic	PROPN
easat-2393	167	12	.	.	PUNCT
easat-2393	168	1	*	*	PUNCT
easat-2393	168	2	indicates	indicate	VERB
easat-2393	168	3	significance	significance	NOUN
easat-2393	168	4	at	at	ADP
easat-2393	168	5	5	5	NUM
easat-2393	168	6	%	%	NOUN
easat-2393	168	7	level	level	NOUN
easat-2393	168	8	.	.	PUNCT
easat-2393	169	1	adf	adf	NOUN
easat-2393	169	2	:	:	PUNCT
easat-2393	169	3	augmented	augment	VERB
easat-2393	169	4	dickey	dickey	NOUN
easat-2393	169	5	-	-	PUNCT
easat-2393	169	6	fuller	fuller	NOUN
easat-2393	169	7	,	,	PUNCT
easat-2393	169	8	pp	pp	ADV
easat-2393	169	9	:	:	PUNCT
easat-2393	169	10	phillip	phillip	PROPN
easat-2393	169	11	-	-	PUNCT
easat-2393	169	12	perron	perron	PROPN
easat-2393	169	13	.	.	PUNCT
easat-2393	170	1	the	the	DET
easat-2393	170	2	results	result	NOUN
easat-2393	170	3	in	in	ADP
easat-2393	170	4	table	table	NOUN
easat-2393	170	5	2	2	NUM
easat-2393	170	6	show	show	VERB
easat-2393	170	7	that	that	SCONJ
easat-2393	170	8	both	both	CCONJ
easat-2393	170	9	the	the	DET
easat-2393	170	10	adf	adf	NOUN
easat-2393	170	11	and	and	CCONJ
easat-2393	170	12	pp	pp	ADV
easat-2393	170	13	tests	test	NOUN
easat-2393	170	14	for	for	ADP
easat-2393	170	15	cssd	cssd	NOUN
easat-2393	170	16	and	and	CCONJ
easat-2393	170	17	csad	csad	ADJ
easat-2393	170	18	at	at	ADP
easat-2393	170	19	level	level	NOUN
easat-2393	170	20	are	be	AUX
easat-2393	170	21	significant	significant	ADJ
easat-2393	170	22	at	at	ADP
easat-2393	170	23	5	5	NUM
easat-2393	170	24	%	%	NOUN
easat-2393	170	25	level	level	NOUN
easat-2393	170	26	,	,	PUNCT
easat-2393	170	27	suggesting	suggest	VERB
easat-2393	170	28	that	that	SCONJ
easat-2393	170	29	the	the	DET
easat-2393	170	30	series	serie	NOUN
easat-2393	170	31	are	be	AUX
easat-2393	170	32	stationary	stationary	ADJ
easat-2393	170	33	at	at	ADP
easat-2393	170	34	level	level	NOUN
easat-2393	170	35	,	,	PUNCT
easat-2393	170	36	hence	hence	ADV
easat-2393	170	37	i(0	i(0	PROPN
easat-2393	170	38	)	)	PUNCT
easat-2393	170	39	.	.	PUNCT
easat-2393	171	1	the	the	DET
easat-2393	171	2	tests	test	NOUN
easat-2393	171	3	are	be	AUX
easat-2393	171	4	also	also	ADV
easat-2393	171	5	performed	perform	VERB
easat-2393	171	6	at	at	ADP
easat-2393	171	7	first	first	ADJ
easat-2393	171	8	difference	difference	NOUN
easat-2393	171	9	.	.	PUNCT
easat-2393	172	1	the	the	DET
easat-2393	172	2	results	result	NOUN
easat-2393	172	3	found	find	VERB
easat-2393	172	4	the	the	DET
easat-2393	172	5	series	series	NOUN
easat-2393	172	6	is	be	AUX
easat-2393	172	7	also	also	ADV
easat-2393	172	8	significant	significant	ADJ
easat-2393	172	9	at	at	ADP
easat-2393	172	10	5	5	NUM
easat-2393	172	11	%	%	NOUN
easat-2393	172	12	level	level	NOUN
easat-2393	172	13	except	except	SCONJ
easat-2393	172	14	for	for	ADP
easat-2393	172	15	csad	csad	NOUN
easat-2393	172	16	where	where	SCONJ
easat-2393	172	17	the	the	DET
easat-2393	172	18	result	result	NOUN
easat-2393	172	19	from	from	ADP
easat-2393	172	20	the	the	DET
easat-2393	172	21	pp	pp	PROPN
easat-2393	172	22	test	test	NOUN
easat-2393	172	23	demonstrates	demonstrate	VERB
easat-2393	172	24	that	that	SCONJ
easat-2393	172	25	the	the	DET
easat-2393	172	26	series	series	NOUN
easat-2393	172	27	is	be	AUX
easat-2393	172	28	not	not	PART
easat-2393	172	29	significant	significant	ADJ
easat-2393	172	30	at	at	ADP
easat-2393	172	31	5	5	NUM
easat-2393	172	32	%	%	NOUN
easat-2393	172	33	.	.	PUNCT
easat-2393	173	1	however	however	ADV
easat-2393	173	2	,	,	PUNCT
easat-2393	173	3	the	the	DET
easat-2393	173	4	adf	adf	PROPN
easat-2393	173	5	tests	test	NOUN
easat-2393	173	6	found	find	VERB
easat-2393	173	7	csad	csad	ADJ
easat-2393	173	8	in	in	ADP
easat-2393	173	9	the	the	DET
easat-2393	173	10	first	first	ADJ
easat-2393	173	11	difference	difference	NOUN
easat-2393	173	12	is	be	AUX
easat-2393	173	13	significant	significant	ADJ
easat-2393	173	14	.	.	PUNCT
easat-2393	174	1	based	base	VERB
easat-2393	174	2	on	on	ADP
easat-2393	174	3	the	the	DET
easat-2393	174	4	unit	unit	NOUN
easat-2393	174	5	root	root	NOUN
easat-2393	174	6	test	test	NOUN
easat-2393	174	7	results	result	NOUN
easat-2393	174	8	,	,	PUNCT
easat-2393	174	9	in	in	ADP
easat-2393	174	10	further	further	ADJ
easat-2393	174	11	analysis	analysis	NOUN
easat-2393	174	12	,	,	PUNCT
easat-2393	174	13	data	datum	NOUN
easat-2393	174	14	at	at	ADP
easat-2393	174	15	level	level	NOUN
easat-2393	174	16	were	be	AUX
easat-2393	174	17	used	use	VERB
easat-2393	174	18	in	in	ADP
easat-2393	174	19	the	the	DET
easat-2393	174	20	estimation	estimation	NOUN
easat-2393	174	21	.	.	PUNCT
easat-2393	175	1	4.3	4.3	NUM
easat-2393	175	2	.	.	PUNCT
easat-2393	175	3	results	result	NOUN
easat-2393	175	4	from	from	ADP
easat-2393	175	5	herding	herd	VERB
easat-2393	175	6	behaviour	behaviour	NOUN
easat-2393	175	7	regressions	regression	NOUN
easat-2393	175	8	table	table	NOUN
easat-2393	175	9	3	3	NUM
easat-2393	175	10	presents	present	VERB
easat-2393	175	11	the	the	DET
easat-2393	175	12	estimation	estimation	NOUN
easat-2393	175	13	results	result	NOUN
easat-2393	175	14	of	of	ADP
easat-2393	175	15	herding	herd	VERB
easat-2393	175	16	behaviour	behaviour	NOUN
easat-2393	175	17	using	use	VERB
easat-2393	175	18	cssd	cssd	NOUN
easat-2393	175	19	(	(	PUNCT
easat-2393	175	20	equation	equation	NOUN
easat-2393	175	21	4	4	NUM
easat-2393	175	22	)	)	PUNCT
easat-2393	175	23	for	for	ADP
easat-2393	175	24	the	the	DET
easat-2393	175	25	entire	entire	ADJ
easat-2393	175	26	period	period	NOUN
easat-2393	175	27	of	of	ADP
easat-2393	175	28	study	study	NOUN
easat-2393	175	29	(	(	PUNCT
easat-2393	175	30	2000	2000	NUM
easat-2393	175	31	to	to	ADP
easat-2393	175	32	2019	2019	NUM
easat-2393	175	33	)	)	PUNCT
easat-2393	175	34	and	and	CCONJ
easat-2393	175	35	the	the	DET
easat-2393	175	36	three	three	NUM
easat-2393	175	37	crisis	crisis	NOUN
easat-2393	175	38	periods	period	NOUN
easat-2393	175	39	:	:	PUNCT
easat-2393	175	40	the	the	DET
easat-2393	175	41	pre	pre	NOUN
easat-2393	175	42	-	-	NOUN
easat-2393	175	43	crisis	crisis	NOUN
easat-2393	175	44	(	(	PUNCT
easat-2393	175	45	february	february	PROPN
easat-2393	175	46	2007	2007	NUM
easat-2393	175	47	to	to	ADP
easat-2393	175	48	february	february	PROPN
easat-2393	175	49	2008	2008	NUM
easat-2393	175	50	)	)	PUNCT
easat-2393	175	51	,	,	PUNCT
easat-2393	175	52	during	during	ADP
easat-2393	175	53	the	the	DET
easat-2393	175	54	crisis	crisis	NOUN
easat-2393	175	55	(	(	PUNCT
easat-2393	175	56	march	march	PROPN
easat-2393	175	57	2008	2008	NUM
easat-2393	175	58	to	to	ADP
easat-2393	175	59	march	march	PROPN
easat-2393	175	60	2009	2009	NUM
easat-2393	175	61	)	)	PUNCT
easat-2393	175	62	and	and	CCONJ
easat-2393	175	63	the	the	DET
easat-2393	175	64	post	post	ADJ
easat-2393	175	65	-	-	ADJ
easat-2393	175	66	crisis	crisis	ADJ
easat-2393	175	67	periods	period	NOUN
easat-2393	175	68	(	(	PUNCT
easat-2393	175	69	april	april	PROPN
easat-2393	175	70	2009	2009	NUM
easat-2393	175	71	to	to	ADP
easat-2393	175	72	april	april	PROPN
easat-2393	175	73	2010	2010	NUM
easat-2393	175	74	)	)	PUNCT
easat-2393	175	75	.	.	PUNCT
easat-2393	176	1	a	a	DET
easat-2393	176	2	statistically	statistically	ADV
easat-2393	176	3	negative	negative	ADJ
easat-2393	176	4	and	and	CCONJ
easat-2393	176	5	significant	significant	ADJ
easat-2393	176	6	coefficient	coefficient	NOUN
easat-2393	176	7	θ2	θ2	PROPN
easat-2393	176	8	indicates	indicate	VERB
easat-2393	176	9	the	the	DET
easat-2393	176	10	presence	presence	NOUN
easat-2393	176	11	of	of	ADP
easat-2393	176	12	herding	herding	NOUN
easat-2393	176	13	behaviour	behaviour	NOUN
easat-2393	176	14	.	.	PUNCT
easat-2393	177	1	the	the	DET
easat-2393	177	2	regression	regression	NOUN
easat-2393	177	3	results	result	VERB
easat-2393	177	4	for	for	ADP
easat-2393	177	5	the	the	DET
easat-2393	177	6	entire	entire	ADJ
easat-2393	177	7	sample	sample	NOUN
easat-2393	177	8	period	period	NOUN
easat-2393	177	9	,	,	PUNCT
easat-2393	177	10	pre	pre	ADJ
easat-2393	177	11	-	-	NOUN
easat-2393	177	12	crisis	crisis	NOUN
easat-2393	177	13	and	and	CCONJ
easat-2393	177	14	during	during	ADP
easat-2393	177	15	crisis	crisis	NOUN
easat-2393	177	16	periods	period	NOUN
easat-2393	177	17	found	find	VERB
easat-2393	177	18	no	no	DET
easat-2393	177	19	evidence	evidence	NOUN
easat-2393	177	20	of	of	ADP
easat-2393	177	21	herding	herd	VERB
easat-2393	177	22	behaviour	behaviour	NOUN
easat-2393	177	23	based	base	VERB
easat-2393	177	24	on	on	ADP
easat-2393	177	25	the	the	DET
easat-2393	177	26	positive	positive	ADJ
easat-2393	177	27	value	value	NOUN
easat-2393	177	28	for	for	ADP
easat-2393	177	29	coefficient	coefficient	NOUN
easat-2393	177	30	θ2	θ2	PROPN
easat-2393	177	31	.	.	PUNCT
easat-2393	178	1	on	on	ADP
easat-2393	178	2	the	the	DET
easat-2393	178	3	other	other	ADJ
easat-2393	178	4	hand	hand	NOUN
easat-2393	178	5	,	,	PUNCT
easat-2393	178	6	herding	herd	VERB
easat-2393	178	7	behaviour	behaviour	NOUN
easat-2393	178	8	is	be	AUX
easat-2393	178	9	detected	detect	VERB
easat-2393	178	10	in	in	ADP
easat-2393	178	11	post	post	ADJ
easat-2393	178	12	-	-	ADJ
easat-2393	178	13	crisis	crisis	ADJ
easat-2393	178	14	period	period	NOUN
easat-2393	178	15	based	base	VERB
easat-2393	178	16	on	on	ADP
easat-2393	178	17	the	the	DET
easat-2393	178	18	negative	negative	ADJ
easat-2393	178	19	and	and	CCONJ
easat-2393	178	20	significant	significant	ADJ
easat-2393	178	21	value	value	NOUN
easat-2393	178	22	of	of	ADP
easat-2393	178	23	θ2	θ2	PROPN
easat-2393	178	24	.	.	PUNCT
easat-2393	178	25	table	table	NOUN
easat-2393	178	26	3	3	NUM
easat-2393	178	27	.	.	X
easat-2393	178	28	estimation	estimation	NOUN
easat-2393	178	29	results	result	NOUN
easat-2393	178	30	for	for	ADP
easat-2393	178	31	herding	herd	VERB
easat-2393	178	32	behaviour	behaviour	NOUN
easat-2393	178	33	using	use	VERB
easat-2393	178	34	cssd	cssd	NOUN
easat-2393	178	35	model	model	NOUN
easat-2393	178	36	.	.	PUNCT
easat-2393	179	1	period	period	NOUN
easat-2393	179	2	θ0	θ0	PROPN
easat-2393	179	3	θ1	θ1	PROPN
easat-2393	179	4	θ2	θ2	PROPN
easat-2393	179	5	adj	adj	PROPN
easat-2393	179	6	.	.	PROPN
easat-2393	179	7	r2	r2	PROPN
easat-2393	179	8	entire	entire	ADJ
easat-2393	179	9	period	period	NOUN
easat-2393	179	10	(	(	PUNCT
easat-2393	179	11	year	year	NOUN
easat-2393	179	12	2000	2000	NUM
easat-2393	179	13	-	-	SYM
easat-2393	179	14	2019	2019	NUM
easat-2393	179	15	)	)	PUNCT
easat-2393	179	16	(	(	PUNCT
easat-2393	179	17	n=4923	n=4923	PROPN
easat-2393	179	18	)	)	PUNCT
easat-2393	179	19	0.694	0.694	NUM
easat-2393	179	20	0.164	0.164	NUM
easat-2393	179	21	0.114	0.114	NUM
easat-2393	179	22	0.172	0.172	NUM
easat-2393	179	23	(	(	PUNCT
easat-2393	179	24	100.827	100.827	NUM
easat-2393	179	25	)	)	PUNCT
easat-2393	179	26	(	(	PUNCT
easat-2393	179	27	8.973	8.973	NUM
easat-2393	179	28	)	)	PUNCT
easat-2393	179	29	(	(	PUNCT
easat-2393	179	30	16.646	16.646	NUM
easat-2393	179	31	)	)	PUNCT
easat-2393	179	32	pre	pre	NOUN
easat-2393	179	33	-	-	NOUN
easat-2393	179	34	crisis	crisis	NOUN
easat-2393	179	35	(	(	PUNCT
easat-2393	179	36	feb	feb	PROPN
easat-2393	179	37	2007	2007	NUM
easat-2393	179	38	until	until	ADP
easat-2393	179	39	feb	feb	PROPN
easat-2393	179	40	2008	2008	NUM
easat-2393	179	41	)	)	PUNCT
easat-2393	179	42	(	(	PUNCT
easat-2393	179	43	n=265	n=265	NUM
easat-2393	179	44	)	)	PUNCT
easat-2393	179	45	0.844	0.844	NUM
easat-2393	179	46	-0.071	-0.071	NUM
easat-2393	179	47	0.362	0.362	NUM
easat-2393	179	48	0.087	0.087	NUM
easat-2393	179	49	(	(	PUNCT
easat-2393	179	50	21.176	21.176	NUM
easat-2393	179	51	)	)	PUNCT
easat-2393	179	52	(	(	PUNCT
easat-2393	179	53	-0.446	-0.446	PROPN
easat-2393	179	54	)	)	PUNCT
easat-2393	179	55	(	(	PUNCT
easat-2393	179	56	2.662	2.662	NUM
easat-2393	179	57	)	)	PUNCT
easat-2393	179	58	during	during	ADP
easat-2393	179	59	crisis	crisis	NOUN
easat-2393	179	60	1.142	1.142	NUM
easat-2393	179	61	0.207	0.207	NUM
easat-2393	179	62	0.047	0.047	NUM
easat-2393	179	63	0.138	0.138	NUM
easat-2393	179	64	2127	2127	NUM
easat-2393	179	65	edelweiss	edelweiss	PROPN
easat-2393	179	66	applied	apply	VERB
easat-2393	179	67	science	science	NOUN
easat-2393	179	68	and	and	CCONJ
easat-2393	179	69	technology	technology	NOUN
easat-2393	179	70	issn	issn	PROPN
easat-2393	179	71	:	:	PUNCT
easat-2393	179	72	2576	2576	NUM
easat-2393	179	73	-	-	SYM
easat-2393	179	74	8484	8484	NUM
easat-2393	179	75	vol	vol	NOUN
easat-2393	179	76	.	.	PROPN
easat-2393	179	77	8	8	NUM
easat-2393	179	78	,	,	PUNCT
easat-2393	179	79	no	no	INTJ
easat-2393	179	80	.	.	NOUN
easat-2393	179	81	6	6	NUM
easat-2393	179	82	:	:	SYM
easat-2393	179	83	2121	2121	NUM
easat-2393	179	84	-	-	SYM
easat-2393	179	85	2132	2132	NUM
easat-2393	179	86	,	,	PUNCT
easat-2393	179	87	2024	2024	NUM
easat-2393	179	88	doi	doi	NOUN
easat-2393	179	89	:	:	PUNCT
easat-2393	179	90	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	179	91	©	©	PROPN
easat-2393	179	92	2024	2024	NUM
easat-2393	179	93	by	by	ADP
easat-2393	179	94	the	the	DET
easat-2393	179	95	authors	author	NOUN
easat-2393	179	96	;	;	PUNCT
easat-2393	179	97	licensee	licensee	PROPN
easat-2393	179	98	learning	learning	NOUN
easat-2393	179	99	gate	gate	NOUN
easat-2393	179	100	(	(	PUNCT
easat-2393	179	101	march	march	PROPN
easat-2393	179	102	2008	2008	NUM
easat-2393	179	103	until	until	ADP
easat-2393	179	104	march	march	PROPN
easat-2393	179	105	2009	2009	NUM
easat-2393	179	106	)	)	PUNCT
easat-2393	179	107	(	(	PUNCT
easat-2393	179	108	n=265	n=265	NUM
easat-2393	179	109	)	)	PUNCT
easat-2393	179	110	(	(	PUNCT
easat-2393	179	111	20.823	20.823	NUM
easat-2393	179	112	)	)	PUNCT
easat-2393	179	113	(	(	PUNCT
easat-2393	179	114	1.075	1.075	NUM
easat-2393	179	115	)	)	PUNCT
easat-2393	179	116	(	(	PUNCT
easat-2393	179	117	0.329	0.329	NUM
easat-2393	179	118	)	)	PUNCT
easat-2393	179	119	post	post	NOUN
easat-2393	179	120	-	-	NOUN
easat-2393	179	121	crisis	crisis	NOUN
easat-2393	179	122	(	(	PUNCT
easat-2393	179	123	april	april	PROPN
easat-2393	179	124	2009	2009	NUM
easat-2393	179	125	until	until	ADP
easat-2393	179	126	april	april	PROPN
easat-2393	179	127	2010	2010	NUM
easat-2393	179	128	)	)	PUNCT
easat-2393	179	129	(	(	PUNCT
easat-2393	179	130	n=271	n=271	NOUN
easat-2393	179	131	)	)	PUNCT
easat-2393	179	132	0.764	0.764	NUM
easat-2393	179	133	0.772	0.772	NUM
easat-2393	179	134	-0.765	-0.765	PROPN
easat-2393	179	135	*	*	NUM
easat-2393	179	136	0.030	0.030	NUM
easat-2393	179	137	(	(	PUNCT
easat-2393	179	138	17.128	17.128	NUM
easat-2393	179	139	)	)	PUNCT
easat-2393	179	140	(	(	PUNCT
easat-2393	179	141	3.179	3.179	NUM
easat-2393	179	142	)	)	PUNCT
easat-2393	179	143	(	(	PUNCT
easat-2393	179	144	-2.926	-2.926	NOUN
easat-2393	179	145	)	)	PUNCT
easat-2393	179	146	note	note	NOUN
easat-2393	179	147	:	:	PUNCT
easat-2393	179	148	figures	figure	NOUN
easat-2393	179	149	in	in	ADP
easat-2393	179	150	(	(	PUNCT
easat-2393	179	151	)	)	PUNCT
easat-2393	179	152	are	be	AUX
easat-2393	179	153	t	t	NOUN
easat-2393	179	154	-	-	PUNCT
easat-2393	179	155	statistic	statistic	NOUN
easat-2393	179	156	.	.	PUNCT
easat-2393	180	1	*	*	PUNCT
easat-2393	180	2	indicates	indicate	VERB
easat-2393	180	3	5	5	NUM
easat-2393	180	4	%	%	NOUN
easat-2393	180	5	significant	significant	ADJ
easat-2393	180	6	level	level	NOUN
easat-2393	180	7	.	.	PUNCT
easat-2393	181	1	n	n	PRON
easat-2393	181	2	is	be	AUX
easat-2393	181	3	no	no	PRON
easat-2393	181	4	.	.	NOUN
easat-2393	181	5	of	of	ADP
easat-2393	181	6	observation	observation	NOUN
easat-2393	181	7	.	.	PUNCT
easat-2393	182	1	in	in	ADP
easat-2393	182	2	the	the	DET
easat-2393	182	3	estimation	estimation	NOUN
easat-2393	182	4	,	,	PUNCT
easat-2393	182	5	the	the	DET
easat-2393	182	6	data	datum	NOUN
easat-2393	182	7	were	be	AUX
easat-2393	182	8	in	in	ADP
easat-2393	182	9	the	the	DET
easat-2393	182	10	logarithm	logarithm	NOUN
easat-2393	182	11	.	.	PUNCT
easat-2393	183	1	in	in	ADP
easat-2393	183	2	further	further	ADJ
easat-2393	183	3	analysis	analysis	NOUN
easat-2393	183	4	,	,	PUNCT
easat-2393	183	5	the	the	DET
easat-2393	183	6	estimation	estimation	NOUN
easat-2393	183	7	was	be	AUX
easat-2393	183	8	carried	carry	VERB
easat-2393	183	9	out	out	ADP
easat-2393	183	10	to	to	PART
easat-2393	183	11	investigate	investigate	VERB
easat-2393	183	12	the	the	DET
easat-2393	183	13	existence	existence	NOUN
easat-2393	183	14	of	of	ADP
easat-2393	183	15	herding	herd	VERB
easat-2393	183	16	behaviour	behaviour	NOUN
easat-2393	183	17	in	in	ADP
easat-2393	183	18	extreme	extreme	ADJ
easat-2393	183	19	upand	upand	PROPN
easat-2393	183	20	down	down	ADP
easat-2393	183	21	-	-	PUNCT
easat-2393	183	22	market	market	NOUN
easat-2393	183	23	conditions	condition	NOUN
easat-2393	183	24	during	during	ADP
easat-2393	183	25	the	the	DET
easat-2393	183	26	three	three	NUM
easat-2393	183	27	crisis	crisis	NOUN
easat-2393	183	28	periods	period	NOUN
easat-2393	183	29	.	.	PUNCT
easat-2393	184	1	in	in	ADP
easat-2393	184	2	identifying	identify	VERB
easat-2393	184	3	the	the	DET
easat-2393	184	4	extreme	extreme	ADJ
easat-2393	184	5	market	market	NOUN
easat-2393	184	6	condition	condition	NOUN
easat-2393	184	7	,	,	PUNCT
easat-2393	184	8	the	the	DET
easat-2393	184	9	market	market	NOUN
easat-2393	184	10	return	return	NOUN
easat-2393	184	11	data	datum	NOUN
easat-2393	184	12	that	that	PRON
easat-2393	184	13	was	be	AUX
easat-2393	184	14	lower	low	ADJ
easat-2393	184	15	than	than	ADP
easat-2393	184	16	the	the	DET
easat-2393	184	17	10th	10th	ADJ
easat-2393	184	18	percentile	percentile	NOUN
easat-2393	184	19	(	(	PUNCT
easat-2393	184	20	p10	p10	NOUN
easat-2393	184	21	)	)	PUNCT
easat-2393	184	22	were	be	AUX
easat-2393	184	23	categorised	categorise	VERB
easat-2393	184	24	as	as	ADP
easat-2393	184	25	down	down	ADJ
easat-2393	184	26	-	-	PUNCT
easat-2393	184	27	market	market	NOUN
easat-2393	184	28	.	.	PUNCT
easat-2393	185	1	while	while	SCONJ
easat-2393	185	2	the	the	DET
easat-2393	185	3	market	market	NOUN
easat-2393	185	4	return	return	VERB
easat-2393	185	5	data	datum	NOUN
easat-2393	185	6	above	above	ADP
easat-2393	185	7	the	the	DET
easat-2393	185	8	90th	90th	ADJ
easat-2393	185	9	percentile	percentile	NOUN
easat-2393	185	10	(	(	PUNCT
easat-2393	185	11	p90	p90	NOUN
easat-2393	185	12	)	)	PUNCT
easat-2393	185	13	were	be	AUX
easat-2393	185	14	categorised	categorise	VERB
easat-2393	185	15	as	as	ADP
easat-2393	185	16	upmarket	upmarket	NOUN
easat-2393	185	17	.	.	PUNCT
easat-2393	186	1	similarly	similarly	ADV
easat-2393	186	2	,	,	PUNCT
easat-2393	186	3	the	the	DET
easat-2393	186	4	estimations	estimation	NOUN
easat-2393	186	5	were	be	AUX
easat-2393	186	6	performed	perform	VERB
easat-2393	186	7	for	for	ADP
easat-2393	186	8	the	the	DET
easat-2393	186	9	overall	overall	ADJ
easat-2393	186	10	study	study	NOUN
easat-2393	186	11	period	period	NOUN
easat-2393	186	12	and	and	CCONJ
easat-2393	186	13	the	the	DET
easat-2393	186	14	three	three	NUM
easat-2393	186	15	sub	sub	ADJ
easat-2393	186	16	-	-	ADJ
easat-2393	186	17	crisis	crisis	ADJ
easat-2393	186	18	periods	period	NOUN
easat-2393	186	19	.	.	PUNCT
easat-2393	187	1	table	table	NOUN
easat-2393	187	2	4	4	NUM
easat-2393	187	3	presents	present	VERB
easat-2393	187	4	the	the	DET
easat-2393	187	5	estimation	estimation	NOUN
easat-2393	187	6	results	result	NOUN
easat-2393	187	7	by	by	ADP
easat-2393	187	8	sub	sub	NOUN
easat-2393	187	9	-	-	NOUN
easat-2393	187	10	periods	period	NOUN
easat-2393	187	11	.	.	PUNCT
easat-2393	188	1	using	use	VERB
easat-2393	188	2	the	the	DET
easat-2393	188	3	entire	entire	ADJ
easat-2393	188	4	period	period	NOUN
easat-2393	188	5	of	of	ADP
easat-2393	188	6	study	study	NOUN
easat-2393	188	7	,	,	PUNCT
easat-2393	188	8	the	the	DET
easat-2393	188	9	estimation	estimation	NOUN
easat-2393	188	10	result	result	NOUN
easat-2393	188	11	showed	show	VERB
easat-2393	188	12	that	that	SCONJ
easat-2393	188	13	coefficient	coefficient	NOUN
easat-2393	188	14	ꞵ1	ꞵ1	NOUN
easat-2393	188	15	is	be	AUX
easat-2393	188	16	positive	positive	ADJ
easat-2393	188	17	,	,	PUNCT
easat-2393	188	18	implying	imply	VERB
easat-2393	188	19	non	non	ADJ
easat-2393	188	20	-	-	ADJ
easat-2393	188	21	herding	herding	NOUN
easat-2393	188	22	in	in	ADP
easat-2393	188	23	the	the	DET
easat-2393	188	24	extreme	extreme	ADJ
easat-2393	188	25	up	up	ADJ
easat-2393	188	26	-	-	PUNCT
easat-2393	188	27	market	market	NOUN
easat-2393	188	28	condition	condition	NOUN
easat-2393	188	29	.	.	PUNCT
easat-2393	189	1	coefficient	coefficient	NOUN
easat-2393	189	2	ꞵ2	ꞵ2	PROPN
easat-2393	189	3	is	be	AUX
easat-2393	189	4	also	also	ADV
easat-2393	189	5	positive	positive	ADJ
easat-2393	189	6	and	and	CCONJ
easat-2393	189	7	not	not	PART
easat-2393	189	8	significant	significant	ADJ
easat-2393	189	9	,	,	PUNCT
easat-2393	189	10	indicating	indicate	VERB
easat-2393	189	11	that	that	SCONJ
easat-2393	189	12	herding	herding	NOUN
easat-2393	189	13	behaviour	behaviour	NOUN
easat-2393	189	14	is	be	AUX
easat-2393	189	15	also	also	ADV
easat-2393	189	16	not	not	PART
easat-2393	189	17	present	present	ADJ
easat-2393	189	18	in	in	ADP
easat-2393	189	19	the	the	DET
easat-2393	189	20	extreme	extreme	ADJ
easat-2393	189	21	down	down	ADJ
easat-2393	189	22	-	-	PUNCT
easat-2393	189	23	market	market	NOUN
easat-2393	189	24	in	in	ADP
easat-2393	189	25	malaysia	malaysia	PROPN
easat-2393	189	26	.	.	PUNCT
easat-2393	190	1	during	during	ADP
easat-2393	190	2	the	the	DET
easat-2393	190	3	pre	pre	ADJ
easat-2393	190	4	-	-	ADJ
easat-2393	190	5	crisis	crisis	ADJ
easat-2393	190	6	period	period	NOUN
easat-2393	190	7	,	,	PUNCT
easat-2393	190	8	herding	herd	VERB
easat-2393	190	9	behaviour	behaviour	NOUN
easat-2393	190	10	is	be	AUX
easat-2393	190	11	detected	detect	VERB
easat-2393	190	12	in	in	ADP
easat-2393	190	13	both	both	CCONJ
easat-2393	190	14	extreme	extreme	ADJ
easat-2393	190	15	up	up	ADJ
easat-2393	190	16	-	-	PUNCT
easat-2393	190	17	market	market	NOUN
easat-2393	190	18	and	and	CCONJ
easat-2393	190	19	extreme	extreme	ADJ
easat-2393	190	20	down	down	ADJ
easat-2393	190	21	-	-	PUNCT
easat-2393	190	22	market	market	NOUN
easat-2393	190	23	conditions	condition	NOUN
easat-2393	190	24	.	.	PUNCT
easat-2393	191	1	meanwhile	meanwhile	ADV
easat-2393	191	2	,	,	PUNCT
easat-2393	191	3	during	during	ADP
easat-2393	191	4	the	the	DET
easat-2393	191	5	crisis	crisis	NOUN
easat-2393	191	6	period	period	NOUN
easat-2393	191	7	,	,	PUNCT
easat-2393	191	8	both	both	PRON
easat-2393	191	9	coefficients	coefficient	VERB
easat-2393	191	10	ꞵ1	ꞵ1	NOUN
easat-2393	191	11	and	and	CCONJ
easat-2393	191	12	ꞵ2	ꞵ2	PROPN
easat-2393	191	13	are	be	AUX
easat-2393	191	14	negative	negative	ADJ
easat-2393	191	15	but	but	CCONJ
easat-2393	191	16	not	not	PART
easat-2393	191	17	significant	significant	ADJ
easat-2393	191	18	at	at	ADP
easat-2393	191	19	5	5	NUM
easat-2393	191	20	%	%	NOUN
easat-2393	191	21	,	,	PUNCT
easat-2393	191	22	indicating	indicate	VERB
easat-2393	191	23	there	there	PRON
easat-2393	191	24	is	be	VERB
easat-2393	191	25	non	non	ADJ
easat-2393	191	26	-	-	ADJ
easat-2393	191	27	herding	herding	ADJ
easat-2393	191	28	behaviour	behaviour	NOUN
easat-2393	191	29	in	in	ADP
easat-2393	191	30	the	the	DET
easat-2393	191	31	extreme	extreme	ADJ
easat-2393	191	32	upand	upand	NOUN
easat-2393	191	33	down	down	ADP
easat-2393	191	34	-	-	PUNCT
easat-2393	191	35	markets	market	NOUN
easat-2393	191	36	during	during	ADP
easat-2393	191	37	the	the	DET
easat-2393	191	38	crisis	crisis	NOUN
easat-2393	191	39	period	period	NOUN
easat-2393	191	40	.	.	PUNCT
easat-2393	192	1	lastly	lastly	ADV
easat-2393	192	2	,	,	PUNCT
easat-2393	192	3	for	for	ADP
easat-2393	192	4	the	the	DET
easat-2393	192	5	post	post	ADJ
easat-2393	192	6	-	-	ADJ
easat-2393	192	7	crisis	crisis	ADJ
easat-2393	192	8	period	period	NOUN
easat-2393	192	9	,	,	PUNCT
easat-2393	192	10	the	the	DET
easat-2393	192	11	results	result	NOUN
easat-2393	192	12	showed	show	VERB
easat-2393	192	13	both	both	DET
easat-2393	192	14	coefficients	coefficient	NOUN
easat-2393	192	15	are	be	AUX
easat-2393	192	16	negative	negative	ADJ
easat-2393	192	17	,	,	PUNCT
easat-2393	192	18	but	but	CCONJ
easat-2393	192	19	only	only	ADV
easat-2393	192	20	ꞵ1	ꞵ1	NOUN
easat-2393	192	21	is	be	AUX
easat-2393	192	22	significant	significant	ADJ
easat-2393	192	23	at	at	ADP
easat-2393	192	24	5	5	NUM
easat-2393	192	25	%	%	NOUN
easat-2393	192	26	levels	level	NOUN
easat-2393	192	27	,	,	PUNCT
easat-2393	192	28	suggesting	suggest	VERB
easat-2393	192	29	that	that	SCONJ
easat-2393	192	30	during	during	ADP
easat-2393	192	31	the	the	DET
easat-2393	192	32	post	post	ADJ
easat-2393	192	33	-	-	ADJ
easat-2393	192	34	crisis	crisis	ADJ
easat-2393	192	35	period	period	NOUN
easat-2393	192	36	in	in	ADP
easat-2393	192	37	malaysia	malaysia	PROPN
easat-2393	192	38	,	,	PUNCT
easat-2393	192	39	herding	herd	VERB
easat-2393	192	40	behaviour	behaviour	NOUN
easat-2393	192	41	is	be	AUX
easat-2393	192	42	only	only	ADV
easat-2393	192	43	present	present	ADJ
easat-2393	192	44	in	in	ADP
easat-2393	192	45	the	the	DET
easat-2393	192	46	extreme	extreme	ADJ
easat-2393	192	47	up	up	ADJ
easat-2393	192	48	-	-	PUNCT
easat-2393	192	49	market	market	NOUN
easat-2393	192	50	.	.	PUNCT
easat-2393	193	1	the	the	DET
easat-2393	193	2	regression	regression	NOUN
easat-2393	193	3	results	result	VERB
easat-2393	193	4	in	in	ADP
easat-2393	193	5	table	table	NOUN
easat-2393	193	6	3	3	NUM
easat-2393	193	7	revealed	reveal	VERB
easat-2393	193	8	that	that	SCONJ
easat-2393	193	9	herding	herding	NOUN
easat-2393	193	10	behaviour	behaviour	NOUN
easat-2393	193	11	is	be	AUX
easat-2393	193	12	not	not	PART
easat-2393	193	13	present	present	ADJ
easat-2393	193	14	when	when	SCONJ
easat-2393	193	15	the	the	DET
easat-2393	193	16	cssd	cssd	NOUN
easat-2393	193	17	model	model	NOUN
easat-2393	193	18	is	be	AUX
easat-2393	193	19	estimated	estimate	VERB
easat-2393	193	20	using	use	VERB
easat-2393	193	21	the	the	DET
easat-2393	193	22	entire	entire	ADJ
easat-2393	193	23	sample	sample	NOUN
easat-2393	193	24	period	period	NOUN
easat-2393	193	25	,	,	PUNCT
easat-2393	193	26	pre	pre	ADJ
easat-2393	193	27	-	-	ADJ
easat-2393	193	28	crisis	crisis	ADJ
easat-2393	193	29	period	period	NOUN
easat-2393	193	30	,	,	PUNCT
easat-2393	193	31	and	and	CCONJ
easat-2393	193	32	during	during	ADP
easat-2393	193	33	the	the	DET
easat-2393	193	34	crisis	crisis	NOUN
easat-2393	193	35	period	period	NOUN
easat-2393	193	36	.	.	PUNCT
easat-2393	194	1	the	the	DET
easat-2393	194	2	herding	herding	NOUN
easat-2393	194	3	behaviour	behaviour	NOUN
easat-2393	194	4	is	be	AUX
easat-2393	194	5	only	only	ADV
easat-2393	194	6	detected	detect	VERB
easat-2393	194	7	during	during	ADP
easat-2393	194	8	the	the	DET
easat-2393	194	9	post	post	ADJ
easat-2393	194	10	-	-	ADJ
easat-2393	194	11	crisis	crisis	ADJ
easat-2393	194	12	period	period	NOUN
easat-2393	194	13	.	.	PUNCT
easat-2393	195	1	however	however	ADV
easat-2393	195	2	,	,	PUNCT
easat-2393	195	3	when	when	SCONJ
easat-2393	195	4	the	the	DET
easat-2393	195	5	data	datum	NOUN
easat-2393	195	6	were	be	AUX
easat-2393	195	7	divided	divide	VERB
easat-2393	195	8	into	into	ADP
easat-2393	195	9	extreme	extreme	ADJ
easat-2393	195	10	upand	upand	NOUN
easat-2393	195	11	down	down	ADP
easat-2393	195	12	-	-	PUNCT
easat-2393	195	13	market	market	NOUN
easat-2393	195	14	(	(	PUNCT
easat-2393	195	15	table	table	NOUN
easat-2393	195	16	4	4	NUM
easat-2393	195	17	)	)	PUNCT
easat-2393	195	18	,	,	PUNCT
easat-2393	195	19	herding	herd	VERB
easat-2393	195	20	behaviour	behaviour	NOUN
easat-2393	195	21	was	be	AUX
easat-2393	195	22	detected	detect	VERB
easat-2393	195	23	in	in	ADP
easat-2393	195	24	both	both	CCONJ
easat-2393	195	25	extreme	extreme	ADJ
easat-2393	195	26	market	market	NOUN
easat-2393	195	27	conditions	condition	NOUN
easat-2393	195	28	during	during	ADP
easat-2393	195	29	the	the	DET
easat-2393	195	30	pre	pre	ADJ
easat-2393	195	31	-	-	ADJ
easat-2393	195	32	crisis	crisis	ADJ
easat-2393	195	33	period	period	NOUN
easat-2393	195	34	.	.	PUNCT
easat-2393	196	1	meanwhile	meanwhile	ADV
easat-2393	196	2	,	,	PUNCT
easat-2393	196	3	during	during	ADP
easat-2393	196	4	the	the	DET
easat-2393	196	5	post	post	ADJ
easat-2393	196	6	-	-	ADJ
easat-2393	196	7	crisis	crisis	ADJ
easat-2393	196	8	period	period	NOUN
easat-2393	196	9	,	,	PUNCT
easat-2393	196	10	herding	herd	VERB
easat-2393	196	11	behaviour	behaviour	NOUN
easat-2393	196	12	was	be	AUX
easat-2393	196	13	detected	detect	VERB
easat-2393	196	14	in	in	ADP
easat-2393	196	15	the	the	DET
easat-2393	196	16	extreme	extreme	ADJ
easat-2393	196	17	up	up	ADJ
easat-2393	196	18	-	-	PUNCT
easat-2393	196	19	market	market	NOUN
easat-2393	196	20	condition	condition	NOUN
easat-2393	196	21	only	only	ADV
easat-2393	196	22	.	.	PUNCT
easat-2393	197	1	the	the	DET
easat-2393	197	2	finding	finding	NOUN
easat-2393	197	3	suggests	suggest	VERB
easat-2393	197	4	that	that	SCONJ
easat-2393	197	5	,	,	PUNCT
easat-2393	197	6	in	in	ADP
easat-2393	197	7	general	general	ADJ
easat-2393	197	8	,	,	PUNCT
easat-2393	197	9	malaysian	malaysian	ADJ
easat-2393	197	10	investors	investor	NOUN
easat-2393	197	11	only	only	ADV
easat-2393	197	12	imitate	imitate	VERB
easat-2393	197	13	other	other	ADJ
easat-2393	197	14	investors	investor	NOUN
easat-2393	197	15	when	when	SCONJ
easat-2393	197	16	the	the	DET
easat-2393	197	17	market	market	NOUN
easat-2393	197	18	is	be	AUX
easat-2393	197	19	extremely	extremely	ADV
easat-2393	197	20	up	up	ADJ
easat-2393	197	21	.	.	PUNCT
easat-2393	198	1	during	during	ADP
easat-2393	198	2	the	the	DET
easat-2393	198	3	extreme	extreme	ADJ
easat-2393	198	4	downmarket	downmarket	NOUN
easat-2393	198	5	,	,	PUNCT
easat-2393	198	6	investors	investor	NOUN
easat-2393	198	7	are	be	AUX
easat-2393	198	8	likely	likely	ADJ
easat-2393	198	9	to	to	PART
easat-2393	198	10	make	make	VERB
easat-2393	198	11	their	their	PRON
easat-2393	198	12	own	own	ADJ
easat-2393	198	13	investment	investment	NOUN
easat-2393	198	14	decisions	decision	NOUN
easat-2393	198	15	.	.	PUNCT
easat-2393	199	1	table	table	NOUN
easat-2393	199	2	4	4	NUM
easat-2393	199	3	.	.	PUNCT
easat-2393	200	1	estimation	estimation	NOUN
easat-2393	200	2	results	result	NOUN
easat-2393	200	3	for	for	ADP
easat-2393	200	4	herding	herd	VERB
easat-2393	200	5	behaviour	behaviour	NOUN
easat-2393	200	6	using	use	VERB
easat-2393	200	7	cssd	cssd	NOUN
easat-2393	200	8	model	model	NOUN
easat-2393	200	9	.	.	PUNCT
easat-2393	201	1	period	period	NOUN
easat-2393	202	1	β0	β0	PROPN
easat-2393	202	2	ꞵ1	ꞵ1	PROPN
easat-2393	202	3	ꞵ2	ꞵ2	PROPN
easat-2393	202	4	adj	adj	PROPN
easat-2393	202	5	.	.	PROPN
easat-2393	202	6	r2	r2	PROPN
easat-2393	202	7	entire	entire	ADJ
easat-2393	202	8	period	period	NOUN
easat-2393	202	9	0.754	0.754	NUM
easat-2393	202	10	0.017	0.017	NUM
easat-2393	202	11	0.438	0.438	NUM
easat-2393	202	12	0.093	0.093	NUM
easat-2393	202	13	year	year	NOUN
easat-2393	202	14	2000	2000	NUM
easat-2393	202	15	2019	2019	NUM
easat-2393	202	16	(	(	PUNCT
easat-2393	202	17	n	n	NOUN
easat-2393	202	18	=	=	SYM
easat-2393	202	19	4923	4923	NUM
easat-2393	202	20	)	)	PUNCT
easat-2393	202	21	(	(	PUNCT
easat-2393	202	22	171.039	171.039	NUM
easat-2393	202	23	)	)	PUNCT
easat-2393	202	24	(	(	PUNCT
easat-2393	202	25	0.871	0.871	NUM
easat-2393	202	26	)	)	PUNCT
easat-2393	202	27	(	(	PUNCT
easat-2393	202	28	22.448	22.448	NUM
easat-2393	202	29	)	)	PUNCT
easat-2393	202	30	pre	pre	NOUN
easat-2393	202	31	-	-	NOUN
easat-2393	202	32	crisis	crisis	NOUN
easat-2393	202	33	1.411	1.411	NUM
easat-2393	202	34	-0.223	-0.223	NOUN
easat-2393	202	35	*	*	PUNCT
easat-2393	202	36	-0.404	-0.404	PROPN
easat-2393	202	37	*	*	NUM
easat-2393	202	38	0.288	0.288	NUM
easat-2393	202	39	(	(	PUNCT
easat-2393	202	40	feb	feb	PROPN
easat-2393	202	41	2007	2007	NUM
easat-2393	202	42	until	until	ADP
easat-2393	202	43	feb	feb	PROPN
easat-2393	202	44	2008	2008	NUM
easat-2393	202	45	)	)	PUNCT
easat-2393	202	46	(	(	PUNCT
easat-2393	202	47	n	n	NOUN
easat-2393	202	48	=	=	SYM
easat-2393	202	49	265	265	NUM
easat-2393	202	50	)	)	PUNCT
easat-2393	202	51	(	(	PUNCT
easat-2393	202	52	19.932	19.932	NUM
easat-2393	202	53	)	)	PUNCT
easat-2393	202	54	(	(	PUNCT
easat-2393	202	55	-7.571	-7.571	PROPN
easat-2393	202	56	)	)	PUNCT
easat-2393	202	57	(	(	PUNCT
easat-2393	202	58	-5.463	-5.463	ADP
easat-2393	202	59	)	)	PUNCT
easat-2393	202	60	during	during	ADP
easat-2393	202	61	crisis	crisis	NOUN
easat-2393	202	62	1.878	1.878	NUM
easat-2393	202	63	-0.528	-0.528	NUM
easat-2393	202	64	-0.44	-0.44	NUM
easat-2393	202	65	0.546	0.546	NUM
easat-2393	202	66	(	(	PUNCT
easat-2393	202	67	march	march	PROPN
easat-2393	202	68	2008	2008	NUM
easat-2393	202	69	until	until	ADP
easat-2393	202	70	march	march	PROPN
easat-2393	202	71	2009	2009	NUM
easat-2393	202	72	)	)	PUNCT
easat-2393	202	73	(	(	PUNCT
easat-2393	202	74	n	n	NOUN
easat-2393	202	75	=	=	SYM
easat-2393	202	76	265	265	NUM
easat-2393	202	77	)	)	PUNCT
easat-2393	202	78	(	(	PUNCT
easat-2393	202	79	27.146	27.146	NUM
easat-2393	202	80	)	)	PUNCT
easat-2393	202	81	(	(	PUNCT
easat-2393	202	82	-15.311	-15.311	NOUN
easat-2393	202	83	)	)	PUNCT
easat-2393	202	84	(	(	PUNCT
easat-2393	202	85	-6.057	-6.057	NOUN
easat-2393	202	86	)	)	PUNCT
easat-2393	202	87	post	post	NOUN
easat-2393	202	88	-	-	NOUN
easat-2393	202	89	crisis	crisis	NOUN
easat-2393	202	90	1.163	1.163	NUM
easat-2393	202	91	-0.262	-0.262	X
easat-2393	202	92	*	*	PUNCT
easat-2393	202	93	-0.144	-0.144	PUNCT
easat-2393	202	94	0.208	0.208	NUM
easat-2393	202	95	(	(	PUNCT
easat-2393	202	96	april	april	PROPN
easat-2393	202	97	2009	2009	NUM
easat-2393	202	98	until	until	ADP
easat-2393	202	99	april	april	PROPN
easat-2393	202	100	2010	2010	NUM
easat-2393	202	101	)	)	PUNCT
easat-2393	202	102	(	(	PUNCT
easat-2393	202	103	n	n	NOUN
easat-2393	202	104	=	=	SYM
easat-2393	202	105	271	271	NUM
easat-2393	202	106	)	)	PUNCT
easat-2393	202	107	(	(	PUNCT
easat-2393	202	108	14.301	14.301	NUM
easat-2393	202	109	)	)	PUNCT
easat-2393	202	110	(	(	PUNCT
easat-2393	202	111	-7.815	-7.815	NOUN
easat-2393	202	112	)	)	PUNCT
easat-2393	202	113	(	(	PUNCT
easat-2393	202	114	-1.693	-1.693	X
easat-2393	202	115	)	)	PUNCT
easat-2393	202	116	2128	2128	NUM
easat-2393	202	117	edelweiss	edelweiss	PROPN
easat-2393	202	118	applied	apply	VERB
easat-2393	202	119	science	science	NOUN
easat-2393	202	120	and	and	CCONJ
easat-2393	202	121	technology	technology	NOUN
easat-2393	202	122	issn	issn	PROPN
easat-2393	202	123	:	:	PUNCT
easat-2393	202	124	2576	2576	NUM
easat-2393	202	125	-	-	SYM
easat-2393	202	126	8484	8484	NUM
easat-2393	202	127	vol	vol	NOUN
easat-2393	202	128	.	.	PROPN
easat-2393	203	1	8	8	NUM
easat-2393	203	2	,	,	PUNCT
easat-2393	203	3	no	no	INTJ
easat-2393	203	4	.	.	NOUN
easat-2393	204	1	6	6	NUM
easat-2393	204	2	:	:	SYM
easat-2393	204	3	2121	2121	NUM
easat-2393	204	4	-	-	SYM
easat-2393	204	5	2132	2132	NUM
easat-2393	204	6	,	,	PUNCT
easat-2393	204	7	2024	2024	NUM
easat-2393	204	8	doi	doi	NOUN
easat-2393	204	9	:	:	PUNCT
easat-2393	204	10	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	204	11	©	©	PROPN
easat-2393	204	12	2024	2024	NUM
easat-2393	204	13	by	by	ADP
easat-2393	204	14	the	the	DET
easat-2393	204	15	authors	author	NOUN
easat-2393	204	16	;	;	PUNCT
easat-2393	204	17	licensee	licensee	PROPN
easat-2393	204	18	learning	learn	VERB
easat-2393	204	19	gate	gate	PROPN
easat-2393	204	20	note	note	PROPN
easat-2393	204	21	:	:	PUNCT
easat-2393	204	22	figures	figure	NOUN
easat-2393	204	23	in	in	ADP
easat-2393	204	24	(	(	PUNCT
easat-2393	204	25	)	)	PUNCT
easat-2393	204	26	are	be	AUX
easat-2393	204	27	t	t	NOUN
easat-2393	204	28	-	-	PUNCT
easat-2393	204	29	statistic	statistic	NOUN
easat-2393	204	30	.	.	PUNCT
easat-2393	205	1	ꞵ1	ꞵ1	NOUN
easat-2393	205	2	and	and	CCONJ
easat-2393	205	3	ꞵ2	ꞵ2	PROPN
easat-2393	205	4	respectively	respectively	ADV
easat-2393	205	5	represent	represent	VERB
easat-2393	205	6	the	the	DET
easat-2393	205	7	coefficient	coefficient	NOUN
easat-2393	205	8	for	for	ADP
easat-2393	205	9	up	up	ADP
easat-2393	205	10	and	and	CCONJ
easat-2393	205	11	down	down	ADP
easat-2393	205	12	markets	market	NOUN
easat-2393	205	13	.	.	PUNCT
easat-2393	206	1	*	*	NOUN
easat-2393	206	2	indicate	indicate	VERB
easat-2393	206	3	significant	significant	ADJ
easat-2393	206	4	at	at	ADP
easat-2393	206	5	5	5	NUM
easat-2393	206	6	%	%	NOUN
easat-2393	206	7	levels	level	NOUN
easat-2393	206	8	.	.	PUNCT
easat-2393	207	1	n	n	NOUN
easat-2393	207	2	=	=	SYM
easat-2393	207	3	no	no	PROPN
easat-2393	207	4	.	.	PUNCT
easat-2393	207	5	of	of	ADP
easat-2393	207	6	observation	observation	NOUN
easat-2393	207	7	.	.	PUNCT
easat-2393	208	1	table	table	NOUN
easat-2393	208	2	5	5	NUM
easat-2393	208	3	presents	present	VERB
easat-2393	208	4	the	the	DET
easat-2393	208	5	regression	regression	NOUN
easat-2393	208	6	results	result	NOUN
easat-2393	208	7	of	of	ADP
easat-2393	208	8	the	the	DET
easat-2393	208	9	herding	herding	NOUN
easat-2393	208	10	behaviour	behaviour	NOUN
easat-2393	208	11	from	from	ADP
easat-2393	208	12	the	the	DET
easat-2393	208	13	csad	csad	PROPN
easat-2393	208	14	model	model	NOUN
easat-2393	208	15	.	.	PUNCT
easat-2393	209	1	like	like	INTJ
easat-2393	209	2	in	in	ADP
easat-2393	209	3	the	the	DET
easat-2393	209	4	case	case	NOUN
easat-2393	209	5	of	of	ADP
easat-2393	209	6	cssd	cssd	NOUN
easat-2393	209	7	,	,	PUNCT
easat-2393	209	8	the	the	DET
easat-2393	209	9	estimations	estimation	NOUN
easat-2393	209	10	for	for	ADP
easat-2393	209	11	using	use	VERB
easat-2393	209	12	csad	csad	PROPN
easat-2393	209	13	were	be	AUX
easat-2393	209	14	also	also	ADV
easat-2393	209	15	conducted	conduct	VERB
easat-2393	209	16	for	for	ADP
easat-2393	209	17	the	the	DET
easat-2393	209	18	entire	entire	ADJ
easat-2393	209	19	period	period	NOUN
easat-2393	209	20	of	of	ADP
easat-2393	209	21	study	study	NOUN
easat-2393	209	22	and	and	CCONJ
easat-2393	209	23	the	the	DET
easat-2393	209	24	three	three	NUM
easat-2393	209	25	sub	sub	NOUN
easat-2393	209	26	-	-	ADJ
easat-2393	209	27	crises	crisis	NOUN
easat-2393	209	28	periods	period	NOUN
easat-2393	209	29	.	.	PUNCT
easat-2393	210	1	as	as	SCONJ
easat-2393	210	2	mentioned	mention	VERB
easat-2393	210	3	above	above	ADV
easat-2393	210	4	,	,	PUNCT
easat-2393	210	5	statistically	statistically	ADV
easat-2393	210	6	negative	negative	ADJ
easat-2393	210	7	,	,	PUNCT
easat-2393	210	8	and	and	CCONJ
easat-2393	210	9	significant	significant	ADJ
easat-2393	210	10	γ2	γ2	PROPN
easat-2393	210	11	indicate	indicate	VERB
easat-2393	210	12	the	the	DET
easat-2393	210	13	existence	existence	NOUN
easat-2393	210	14	of	of	ADP
easat-2393	210	15	herding	herding	NOUN
easat-2393	210	16	behaviour	behaviour	NOUN
easat-2393	210	17	.	.	PUNCT
easat-2393	211	1	from	from	ADP
easat-2393	211	2	table	table	NOUN
easat-2393	211	3	5	5	NUM
easat-2393	211	4	,	,	PUNCT
easat-2393	211	5	the	the	DET
easat-2393	211	6	estimation	estimation	NOUN
easat-2393	211	7	results	result	NOUN
easat-2393	211	8	confirm	confirm	VERB
easat-2393	211	9	that	that	SCONJ
easat-2393	211	10	herding	herding	NOUN
easat-2393	211	11	does	do	AUX
easat-2393	211	12	not	not	PART
easat-2393	211	13	exist	exist	VERB
easat-2393	211	14	in	in	ADP
easat-2393	211	15	the	the	DET
easat-2393	211	16	entire	entire	ADJ
easat-2393	211	17	period	period	NOUN
easat-2393	211	18	of	of	ADP
easat-2393	211	19	study	study	NOUN
easat-2393	211	20	,	,	PUNCT
easat-2393	211	21	pre	pre	ADJ
easat-2393	211	22	-	-	NOUN
easat-2393	211	23	crisis	crisis	NOUN
easat-2393	211	24	,	,	PUNCT
easat-2393	211	25	and	and	CCONJ
easat-2393	211	26	during	during	ADP
easat-2393	211	27	crisis	crisis	NOUN
easat-2393	211	28	periods	period	NOUN
easat-2393	211	29	as	as	SCONJ
easat-2393	211	30	coefficient	coefficient	NOUN
easat-2393	211	31	γ2	γ2	PROPN
easat-2393	211	32	is	be	AUX
easat-2393	211	33	positive	positive	ADJ
easat-2393	211	34	.	.	PUNCT
easat-2393	212	1	however	however	ADV
easat-2393	212	2	,	,	PUNCT
easat-2393	212	3	consistent	consistent	ADJ
easat-2393	212	4	with	with	ADP
easat-2393	212	5	the	the	DET
easat-2393	212	6	cssd	cssd	NOUN
easat-2393	212	7	,	,	PUNCT
easat-2393	212	8	the	the	DET
easat-2393	212	9	result	result	NOUN
easat-2393	212	10	demonstrated	demonstrate	VERB
easat-2393	212	11	the	the	DET
easat-2393	212	12	existence	existence	NOUN
easat-2393	212	13	of	of	ADP
easat-2393	212	14	herding	herd	VERB
easat-2393	212	15	behaviour	behaviour	NOUN
easat-2393	212	16	during	during	ADP
easat-2393	212	17	the	the	DET
easat-2393	212	18	postcrisis	postcrisis	NOUN
easat-2393	212	19	period	period	NOUN
easat-2393	212	20	,	,	PUNCT
easat-2393	212	21	where	where	SCONJ
easat-2393	212	22	coefficient	coefficient	NOUN
easat-2393	212	23	γ2	γ2	PROPN
easat-2393	212	24	is	be	AUX
easat-2393	212	25	negative	negative	ADJ
easat-2393	212	26	and	and	CCONJ
easat-2393	212	27	significant	significant	ADJ
easat-2393	212	28	at	at	ADP
easat-2393	212	29	5	5	NUM
easat-2393	212	30	%	%	NOUN
easat-2393	212	31	levels	level	NOUN
easat-2393	212	32	.	.	PUNCT
easat-2393	213	1	table	table	NOUN
easat-2393	213	2	5	5	NUM
easat-2393	213	3	.	.	PUNCT
easat-2393	214	1	estimation	estimation	NOUN
easat-2393	214	2	results	result	NOUN
easat-2393	214	3	for	for	ADP
easat-2393	214	4	herding	herd	VERB
easat-2393	214	5	behaviour	behaviour	NOUN
easat-2393	214	6	using	use	VERB
easat-2393	214	7	csad	csad	PROPN
easat-2393	214	8	model	model	NOUN
easat-2393	214	9	.	.	PUNCT
easat-2393	215	1	period	period	NOUN
easat-2393	215	2	γ0	γ0	PROPN
easat-2393	215	3	γ1	γ1	PROPN
easat-2393	215	4	γ2	γ2	PROPN
easat-2393	215	5	adj	adj	PROPN
easat-2393	215	6	.	.	PROPN
easat-2393	215	7	r2	r2	PROPN
easat-2393	215	8	entire	entire	ADJ
easat-2393	215	9	period	period	NOUN
easat-2393	215	10	year	year	NOUN
easat-2393	215	11	2000	2000	NUM
easat-2393	215	12	-	-	SYM
easat-2393	215	13	2019	2019	NUM
easat-2393	215	14	(	(	PUNCT
easat-2393	215	15	n	n	NOUN
easat-2393	215	16	=	=	SYM
easat-2393	215	17	4923	4923	NUM
easat-2393	215	18	)	)	PUNCT
easat-2393	215	19	0.552	0.552	NUM
easat-2393	215	20	0.106	0.106	NUM
easat-2393	215	21	0.117	0.117	NUM
easat-2393	215	22	0.187	0.187	NUM
easat-2393	215	23	(	(	PUNCT
easat-2393	215	24	92.29	92.29	NUM
easat-2393	215	25	)	)	PUNCT
easat-2393	215	26	(	(	PUNCT
easat-2393	215	27	6.674	6.674	NUM
easat-2393	215	28	)	)	PUNCT
easat-2393	215	29	(	(	PUNCT
easat-2393	215	30	19.795	19.795	NUM
easat-2393	215	31	)	)	PUNCT
easat-2393	215	32	pre	pre	NOUN
easat-2393	215	33	-	-	NOUN
easat-2393	215	34	crisis	crisis	NOUN
easat-2393	215	35	(	(	PUNCT
easat-2393	215	36	feb	feb	PROPN
easat-2393	215	37	2007	2007	NUM
easat-2393	215	38	until	until	ADP
easat-2393	215	39	feb	feb	PROPN
easat-2393	215	40	2008	2008	NUM
easat-2393	215	41	)	)	PUNCT
easat-2393	216	1	(	(	PUNCT
easat-2393	216	2	n	n	NOUN
easat-2393	216	3	=	=	SYM
easat-2393	216	4	265	265	NUM
easat-2393	216	5	)	)	PUNCT
easat-2393	216	6	0.654	0.654	NUM
easat-2393	216	7	0.01	0.01	NUM
easat-2393	216	8	0.202	0.202	NUM
easat-2393	216	9	0.087	0.087	NUM
easat-2393	216	10	(	(	PUNCT
easat-2393	216	11	18.665	18.665	NUM
easat-2393	216	12	)	)	PUNCT
easat-2393	216	13	(	(	PUNCT
easat-2393	216	14	0.07	0.07	NUM
easat-2393	216	15	)	)	PUNCT
easat-2393	216	16	(	(	PUNCT
easat-2393	216	17	1.692	1.692	NUM
easat-2393	216	18	)	)	PUNCT
easat-2393	216	19	during	during	ADP
easat-2393	216	20	crisis	crisis	NOUN
easat-2393	216	21	(	(	PUNCT
easat-2393	216	22	march	march	PROPN
easat-2393	216	23	2008	2008	NUM
easat-2393	216	24	until	until	ADP
easat-2393	216	25	march	march	PROPN
easat-2393	216	26	2009	2009	NUM
easat-2393	216	27	)	)	PUNCT
easat-2393	216	28	(	(	PUNCT
easat-2393	216	29	n	n	NOUN
easat-2393	216	30	=	=	SYM
easat-2393	216	31	265	265	NUM
easat-2393	216	32	)	)	PUNCT
easat-2393	216	33	0.918	0.918	NUM
easat-2393	216	34	0.224	0.224	NUM
easat-2393	216	35	-0.017	-0.017	ADP
easat-2393	216	36	0.035	0.035	NUM
easat-2393	216	37	(	(	PUNCT
easat-2393	216	38	19.137	19.137	NUM
easat-2393	216	39	)	)	PUNCT
easat-2393	216	40	(	(	PUNCT
easat-2393	216	41	1.329	1.329	NUM
easat-2393	216	42	)	)	PUNCT
easat-2393	216	43	(	(	PUNCT
easat-2393	216	44	-0.135	-0.135	X
easat-2393	216	45	)	)	PUNCT
easat-2393	216	46	post	post	NOUN
easat-2393	216	47	-	-	NOUN
easat-2393	216	48	crisis	crisis	NOUN
easat-2393	216	49	(	(	PUNCT
easat-2393	216	50	april	april	PROPN
easat-2393	216	51	2009	2009	NUM
easat-2393	216	52	until	until	ADP
easat-2393	216	53	april	april	PROPN
easat-2393	216	54	2010	2010	NUM
easat-2393	216	55	)	)	PUNCT
easat-2393	216	56	(	(	PUNCT
easat-2393	216	57	n	n	NOUN
easat-2393	216	58	=	=	SYM
easat-2393	216	59	271	271	NUM
easat-2393	216	60	)	)	PUNCT
easat-2393	216	61	0.601	0.601	NUM
easat-2393	216	62	0.635	0.635	NUM
easat-2393	216	63	-0.630	-0.630	PROPN
easat-2393	216	64	*	*	X
easat-2393	216	65	0.027	0.027	NUM
easat-2393	216	66	(	(	PUNCT
easat-2393	216	67	15.875	15.875	NUM
easat-2393	216	68	)	)	PUNCT
easat-2393	216	69	(	(	PUNCT
easat-2393	216	70	3.083	3.083	NUM
easat-2393	216	71	)	)	PUNCT
easat-2393	216	72	(	(	PUNCT
easat-2393	216	73	-2.838	-2.838	NOUN
easat-2393	216	74	)	)	PUNCT
easat-2393	216	75	note	note	NOUN
easat-2393	216	76	:	:	PUNCT
easat-2393	216	77	figures	figure	NOUN
easat-2393	216	78	in	in	ADP
easat-2393	216	79	(	(	PUNCT
easat-2393	216	80	)	)	PUNCT
easat-2393	216	81	are	be	AUX
easat-2393	216	82	t	t	NOUN
easat-2393	216	83	-	-	PUNCT
easat-2393	216	84	statistic	statistic	NOUN
easat-2393	216	85	.	.	PUNCT
easat-2393	217	1	*	*	PUNCT
easat-2393	217	2	indicate	indicate	VERB
easat-2393	217	3	significant	significant	ADJ
easat-2393	217	4	at	at	ADP
easat-2393	217	5	5	5	NUM
easat-2393	217	6	%	%	NOUN
easat-2393	217	7	levels	level	NOUN
easat-2393	217	8	.	.	PUNCT
easat-2393	218	1	n	n	NOUN
easat-2393	218	2	=	=	SYM
easat-2393	218	3	no	no	PROPN
easat-2393	218	4	.	.	PUNCT
easat-2393	218	5	of	of	ADP
easat-2393	218	6	observation	observation	NOUN
easat-2393	218	7	.	.	PUNCT
easat-2393	219	1	in	in	ADP
easat-2393	219	2	the	the	DET
easat-2393	219	3	estimation	estimation	NOUN
easat-2393	219	4	,	,	PUNCT
easat-2393	219	5	the	the	DET
easat-2393	219	6	data	datum	NOUN
easat-2393	219	7	were	be	AUX
easat-2393	219	8	in	in	ADP
easat-2393	219	9	the	the	DET
easat-2393	219	10	logarithm	logarithm	NOUN
easat-2393	219	11	.	.	PUNCT
easat-2393	220	1	table	table	NOUN
easat-2393	220	2	6	6	NUM
easat-2393	220	3	displays	display	VERB
easat-2393	220	4	the	the	DET
easat-2393	220	5	results	result	NOUN
easat-2393	220	6	when	when	SCONJ
easat-2393	220	7	further	further	ADJ
easat-2393	220	8	analysis	analysis	NOUN
easat-2393	220	9	was	be	AUX
easat-2393	220	10	carried	carry	VERB
easat-2393	220	11	out	out	ADP
easat-2393	220	12	by	by	ADP
easat-2393	220	13	separating	separate	VERB
easat-2393	220	14	the	the	DET
easat-2393	220	15	data	datum	NOUN
easat-2393	220	16	into	into	ADP
easat-2393	220	17	extreme	extreme	ADJ
easat-2393	220	18	upand	upand	NOUN
easat-2393	220	19	down	down	ADP
easat-2393	220	20	-	-	PUNCT
easat-2393	220	21	market	market	NOUN
easat-2393	220	22	conditions	condition	NOUN
easat-2393	220	23	(	(	PUNCT
easat-2393	220	24	equations	equation	NOUN
easat-2393	220	25	8	8	NUM
easat-2393	220	26	and	and	CCONJ
easat-2393	220	27	9	9	NUM
easat-2393	220	28	)	)	PUNCT
easat-2393	220	29	.	.	PUNCT
easat-2393	221	1	the	the	DET
easat-2393	221	2	regressions	regression	NOUN
easat-2393	221	3	were	be	AUX
easat-2393	221	4	also	also	ADV
easat-2393	221	5	estimated	estimate	VERB
easat-2393	221	6	for	for	ADP
easat-2393	221	7	the	the	DET
easat-2393	221	8	entire	entire	ADJ
easat-2393	221	9	period	period	NOUN
easat-2393	221	10	and	and	CCONJ
easat-2393	221	11	three	three	NUM
easat-2393	221	12	sub	sub	ADJ
easat-2393	221	13	-	-	ADJ
easat-2393	221	14	crisis	crisis	ADJ
easat-2393	221	15	periods	period	NOUN
easat-2393	221	16	.	.	PUNCT
easat-2393	222	1	when	when	SCONJ
easat-2393	222	2	the	the	DET
easat-2393	222	3	data	datum	NOUN
easat-2393	222	4	are	be	AUX
easat-2393	222	5	analysed	analyse	VERB
easat-2393	222	6	for	for	ADP
easat-2393	222	7	the	the	DET
easat-2393	222	8	extreme	extreme	ADJ
easat-2393	222	9	up	up	ADJ
easat-2393	222	10	-	-	PUNCT
easat-2393	222	11	market	market	NOUN
easat-2393	222	12	condition	condition	NOUN
easat-2393	222	13	(	(	PUNCT
easat-2393	222	14	equation	equation	NOUN
easat-2393	222	15	8)	8)	NUM
easat-2393	222	16	,	,	PUNCT
easat-2393	222	17	only	only	ADV
easat-2393	222	18	coefficient	coefficient	NOUN
easat-2393	222	19	πu2	πu2	NOUN
easat-2393	222	20	for	for	ADP
easat-2393	222	21	the	the	DET
easat-2393	222	22	entire	entire	ADJ
easat-2393	222	23	period	period	NOUN
easat-2393	222	24	of	of	ADP
easat-2393	222	25	study	study	NOUN
easat-2393	222	26	is	be	AUX
easat-2393	222	27	negative	negative	ADJ
easat-2393	222	28	and	and	CCONJ
easat-2393	222	29	significant	significant	ADJ
easat-2393	222	30	at	at	ADP
easat-2393	222	31	a	a	DET
easat-2393	222	32	5	5	NUM
easat-2393	222	33	%	%	NOUN
easat-2393	222	34	level	level	NOUN
easat-2393	222	35	,	,	PUNCT
easat-2393	222	36	suggesting	suggest	VERB
easat-2393	222	37	the	the	DET
easat-2393	222	38	presence	presence	NOUN
easat-2393	222	39	of	of	ADP
easat-2393	222	40	herding	herding	NOUN
easat-2393	222	41	behaviour	behaviour	NOUN
easat-2393	222	42	.	.	PUNCT
easat-2393	223	1	meanwhile	meanwhile	ADV
easat-2393	223	2	,	,	PUNCT
easat-2393	223	3	for	for	ADP
easat-2393	223	4	the	the	DET
easat-2393	223	5	down	down	ADJ
easat-2393	223	6	-	-	PUNCT
easat-2393	223	7	market	market	NOUN
easat-2393	223	8	(	(	PUNCT
easat-2393	223	9	equation	equation	NOUN
easat-2393	223	10	9	9	NUM
easat-2393	223	11	)	)	PUNCT
easat-2393	223	12	,	,	PUNCT
easat-2393	223	13	herding	herd	VERB
easat-2393	223	14	behaviour	behaviour	NOUN
easat-2393	223	15	exists	exist	VERB
easat-2393	223	16	only	only	ADV
easat-2393	223	17	in	in	ADP
easat-2393	223	18	the	the	DET
easat-2393	223	19	post	post	ADJ
easat-2393	223	20	-	-	ADJ
easat-2393	223	21	crisis	crisis	ADJ
easat-2393	223	22	period	period	NOUN
easat-2393	223	23	.	.	PUNCT
easat-2393	224	1	table	table	NOUN
easat-2393	224	2	6	6	NUM
easat-2393	224	3	.	.	PUNCT
easat-2393	225	1	estimation	estimation	NOUN
easat-2393	225	2	results	result	NOUN
easat-2393	225	3	for	for	ADP
easat-2393	225	4	herding	herd	VERB
easat-2393	225	5	behaviour	behaviour	NOUN
easat-2393	225	6	using	use	VERB
easat-2393	225	7	csad	csad	ADJ
easat-2393	225	8	model	model	NOUN
easat-2393	225	9	with	with	ADP
easat-2393	225	10	market	market	NOUN
easat-2393	225	11	conditions	condition	NOUN
easat-2393	225	12	.	.	PUNCT
easat-2393	225	13	.	.	PUNCT
easat-2393	226	1	up	up	ADP
easat-2393	226	2	-	-	PUNCT
easat-2393	226	3	market	market	NOUN
easat-2393	226	4	(	(	PUNCT
easat-2393	226	5	equation	equation	NOUN
easat-2393	226	6	8)	8)	NUM
easat-2393	226	7	down	down	ADP
easat-2393	226	8	-	-	PUNCT
easat-2393	226	9	market	market	NOUN
easat-2393	226	10	(	(	PUNCT
easat-2393	226	11	equation	equation	NOUN
easat-2393	226	12	9	9	NUM
easat-2393	226	13	)	)	PUNCT
easat-2393	226	14	period	period	NOUN
easat-2393	226	15	πu0	πu0	NOUN
easat-2393	226	16	πu1	πu1	INTJ
easat-2393	226	17	πu2	πu2	PROPN
easat-2393	226	18	adj	adj	X
easat-2393	226	19	.	.	PROPN
easat-2393	227	1	r2	r2	PROPN
easat-2393	227	2	α	α	PRON
easat-2393	227	3	πd1	πd1	INTJ
easat-2393	228	1	πd2	πd2	PROPN
easat-2393	228	2	adj	adj	PROPN
easat-2393	228	3	.	.	PROPN
easat-2393	228	4	r2	r2	PROPN
easat-2393	228	5	entire	entire	ADJ
easat-2393	228	6	period	period	NOUN
easat-2393	228	7	year	year	NOUN
easat-2393	228	8	2000	2000	NUM
easat-2393	228	9	-	-	SYM
easat-2393	228	10	2019	2019	NUM
easat-2393	228	11	(	(	PUNCT
easat-2393	228	12	n	n	NOUN
easat-2393	228	13	=	=	SYM
easat-2393	228	14	4923	4923	NUM
easat-2393	228	15	)	)	PUNCT
easat-2393	228	16	0.602	0.602	NUM
easat-2393	228	17	0.273	0.273	NUM
easat-2393	228	18	-0.048	-0.048	NOUN
easat-2393	228	19	*	*	NOUN
easat-2393	228	20	0.039	0.039	NUM
easat-2393	228	21	0.814	0.814	NUM
easat-2393	228	22	-0.447	-0.447	NOUN
easat-2393	228	23	0.179	0.179	NUM
easat-2393	228	24	0.066	0.066	NUM
easat-2393	228	25	(	(	PUNCT
easat-2393	228	26	58.202	58.202	NUM
easat-2393	228	27	)	)	PUNCT
easat-2393	228	28	(	(	PUNCT
easat-2393	228	29	10.166	10.166	NUM
easat-2393	228	30	)	)	PUNCT
easat-2393	228	31	(	(	PUNCT
easat-2393	228	32	-5.865	-5.865	ADJ
easat-2393	228	33	)	)	PUNCT
easat-2393	228	34	(	(	PUNCT
easat-2393	228	35	71.365	71.365	NUM
easat-2393	228	36	)	)	PUNCT
easat-2393	228	37	(	(	PUNCT
easat-2393	228	38	12.922	12.922	NUM
easat-2393	228	39	)	)	PUNCT
easat-2393	228	40	(	(	PUNCT
easat-2393	228	41	9.244	9.244	NUM
easat-2393	228	42	)	)	PUNCT
easat-2393	228	43	pre	pre	NOUN
easat-2393	228	44	-	-	NOUN
easat-2393	228	45	crisis	crisis	NOUN
easat-2393	228	46	(	(	PUNCT
easat-2393	228	47	feb	feb	PROPN
easat-2393	228	48	2007	2007	NUM
easat-2393	228	49	until	until	ADP
easat-2393	228	50	feb	feb	PROPN
easat-2393	228	51	2008	2008	NUM
easat-2393	228	52	)	)	PUNCT
easat-2393	229	1	(	(	PUNCT
easat-2393	229	2	n	n	NOUN
easat-2393	229	3	=	=	SYM
easat-2393	229	4	265	265	NUM
easat-2393	229	5	)	)	PUNCT
easat-2393	229	6	0.800	0.800	NUM
easat-2393	229	7	-0.480	-0.480	NUM
easat-2393	229	8	0.484	0.484	NUM
easat-2393	229	9	0.010	0.010	NUM
easat-2393	229	10	0.611	0.611	NUM
easat-2393	229	11	0.262	0.262	NUM
easat-2393	229	12	-0.100	-0.100	PUNCT
easat-2393	229	13	0.022	0.022	NUM
easat-2393	229	14	(	(	PUNCT
easat-2393	229	15	14.050	14.050	NUM
easat-2393	229	16	(	(	PUNCT
easat-2393	229	17	-1.820	-1.820	NOUN
easat-2393	229	18	)	)	PUNCT
easat-2393	229	19	(	(	PUNCT
easat-2393	229	20	1.863	1.863	NUM
easat-2393	229	21	)	)	PUNCT
easat-2393	229	22	(	(	PUNCT
easat-2393	229	23	11.283	11.283	NUM
easat-2393	229	24	)	)	PUNCT
easat-2393	229	25	(	(	PUNCT
easat-2393	229	26	1.278	1.278	NUM
easat-2393	229	27	)	)	PUNCT
easat-2393	229	28	(	(	PUNCT
easat-2393	229	29	0.625	0.625	NUM
easat-2393	229	30	)	)	PUNCT
easat-2393	229	31	during	during	ADP
easat-2393	229	32	crisis	crisis	NOUN
easat-2393	229	33	1.010	1.010	NUM
easat-2393	229	34	-0.510	-0.510	NUM
easat-2393	229	35	0.335	0.335	NUM
easat-2393	229	36	0.018	0.018	NUM
easat-2393	229	37	1.139	1.139	NUM
easat-2393	229	38	-0.948	-0.948	NOUN
easat-2393	229	39	0.736	0.736	NUM
easat-2393	229	40	0.135	0.135	NUM
easat-2393	229	41	(	(	PUNCT
easat-2393	229	42	14.352	14.352	NUM
easat-2393	229	43	)	)	PUNCT
easat-2393	229	44	(	(	PUNCT
easat-2393	229	45	-1.952	-1.952	NOUN
easat-2393	229	46	)	)	PUNCT
easat-2393	229	47	(	(	PUNCT
easat-2393	229	48	1.711	1.711	NUM
easat-2393	229	49	)	)	PUNCT
easat-2393	229	50	(	(	PUNCT
easat-2393	229	51	19.379	19.379	NUM
easat-2393	229	52	)	)	PUNCT
easat-2393	229	53	(	(	PUNCT
easat-2393	229	54	-4.764	-4.764	X
easat-2393	229	55	)	)	PUNCT
easat-2393	229	56	(	(	PUNCT
easat-2393	229	57	5.054	5.054	NUM
easat-2393	229	58	)	)	PUNCT
easat-2393	229	59	2129	2129	NUM
easat-2393	229	60	edelweiss	edelweiss	PROPN
easat-2393	229	61	applied	apply	VERB
easat-2393	229	62	science	science	NOUN
easat-2393	229	63	and	and	CCONJ
easat-2393	229	64	technology	technology	NOUN
easat-2393	229	65	issn	issn	PROPN
easat-2393	229	66	:	:	PUNCT
easat-2393	229	67	2576	2576	NUM
easat-2393	229	68	-	-	SYM
easat-2393	229	69	8484	8484	NUM
easat-2393	229	70	vol	vol	NOUN
easat-2393	229	71	.	.	PROPN
easat-2393	229	72	8	8	NUM
easat-2393	229	73	,	,	PUNCT
easat-2393	229	74	no	no	INTJ
easat-2393	229	75	.	.	NOUN
easat-2393	230	1	6	6	NUM
easat-2393	230	2	:	:	SYM
easat-2393	230	3	2121	2121	NUM
easat-2393	230	4	-	-	SYM
easat-2393	230	5	2132	2132	NUM
easat-2393	230	6	,	,	PUNCT
easat-2393	230	7	2024	2024	NUM
easat-2393	230	8	doi	doi	NOUN
easat-2393	230	9	:	:	PUNCT
easat-2393	230	10	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	230	11	©	©	PROPN
easat-2393	230	12	2024	2024	NUM
easat-2393	230	13	by	by	ADP
easat-2393	230	14	the	the	DET
easat-2393	230	15	authors	author	NOUN
easat-2393	230	16	;	;	PUNCT
easat-2393	230	17	licensee	licensee	PROPN
easat-2393	230	18	learning	learning	NOUN
easat-2393	230	19	gate	gate	NOUN
easat-2393	230	20	(	(	PUNCT
easat-2393	230	21	march	march	PROPN
easat-2393	230	22	2008	2008	NUM
easat-2393	230	23	until	until	ADP
easat-2393	230	24	march	march	PROPN
easat-2393	230	25	2009	2009	NUM
easat-2393	230	26	)	)	PUNCT
easat-2393	230	27	(	(	PUNCT
easat-2393	230	28	n	n	NOUN
easat-2393	230	29	=	=	SYM
easat-2393	230	30	265	265	NUM
easat-2393	230	31	)	)	PUNCT
easat-2393	230	32	post	post	NOUN
easat-2393	230	33	-	-	NOUN
easat-2393	230	34	crisis	crisis	NOUN
easat-2393	230	35	(	(	PUNCT
easat-2393	230	36	april	april	PROPN
easat-2393	230	37	2009	2009	NUM
easat-2393	230	38	until	until	ADP
easat-2393	230	39	april	april	PROPN
easat-2393	230	40	2010	2010	NUM
easat-2393	230	41	)	)	PUNCT
easat-2393	230	42	(	(	PUNCT
easat-2393	230	43	n	n	NOUN
easat-2393	230	44	=	=	SYM
easat-2393	230	45	271	271	NUM
easat-2393	230	46	)	)	PUNCT
easat-2393	230	47	1.054	1.054	NUM
easat-2393	230	48	-1.107	-1.107	ADP
easat-2393	230	49	0.699	0.699	NUM
easat-2393	230	50	0.227	0.227	NUM
easat-2393	230	51	0.539	0.539	NUM
easat-2393	230	52	1.529	1.529	NUM
easat-2393	230	53	-1.241	-1.241	VERB
easat-2393	230	54	*	*	NUM
easat-2393	230	55	0.221	0.221	NUM
easat-2393	230	56	(	(	PUNCT
easat-2393	230	57	22.115	22.115	NUM
easat-2393	230	58	)	)	PUNCT
easat-2393	230	59	(	(	PUNCT
easat-2393	230	60	-4.349	-4.349	ADV
easat-2393	230	61	)	)	PUNCT
easat-2393	230	62	(	(	PUNCT
easat-2393	230	63	2.614	2.614	NUM
easat-2393	230	64	)	)	PUNCT
easat-2393	230	65	(	(	PUNCT
easat-2393	230	66	9.309	9.309	NUM
easat-2393	230	67	)	)	PUNCT
easat-2393	230	68	(	(	PUNCT
easat-2393	230	69	4.668	4.668	NUM
easat-2393	230	70	)	)	PUNCT
easat-2393	230	71	(	(	PUNCT
easat-2393	230	72	-3.339	-3.339	NOUN
easat-2393	230	73	)	)	PUNCT
easat-2393	230	74	note	note	NOUN
easat-2393	230	75	:	:	PUNCT
easat-2393	230	76	figures	figure	NOUN
easat-2393	230	77	in	in	ADP
easat-2393	230	78	(	(	PUNCT
easat-2393	230	79	)	)	PUNCT
easat-2393	230	80	are	be	AUX
easat-2393	230	81	t	t	NOUN
easat-2393	230	82	-	-	PUNCT
easat-2393	230	83	statistic	statistic	NOUN
easat-2393	230	84	.	.	PUNCT
easat-2393	231	1	*	*	PUNCT
easat-2393	231	2	iindicates	iindicate	VERB
easat-2393	231	3	significant	significant	ADJ
easat-2393	231	4	at	at	ADP
easat-2393	231	5	5	5	NUM
easat-2393	231	6	%	%	NOUN
easat-2393	231	7	levels	level	NOUN
easat-2393	231	8	.	.	PUNCT
easat-2393	232	1	n	n	PRON
easat-2393	232	2	is	be	AUX
easat-2393	232	3	no	no	PRON
easat-2393	232	4	.	.	NOUN
easat-2393	232	5	of	of	ADP
easat-2393	232	6	observation	observation	NOUN
easat-2393	232	7	.	.	PUNCT
easat-2393	233	1	in	in	ADP
easat-2393	233	2	the	the	DET
easat-2393	233	3	estimation	estimation	NOUN
easat-2393	233	4	,	,	PUNCT
easat-2393	233	5	the	the	DET
easat-2393	233	6	data	datum	NOUN
easat-2393	233	7	were	be	AUX
easat-2393	233	8	in	in	ADP
easat-2393	233	9	the	the	DET
easat-2393	233	10	logarithm	logarithm	NOUN
easat-2393	233	11	.	.	PUNCT
easat-2393	234	1	findings	finding	NOUN
easat-2393	234	2	from	from	ADP
easat-2393	234	3	the	the	DET
easat-2393	234	4	csad	csad	ADJ
easat-2393	234	5	models	model	NOUN
easat-2393	234	6	(	(	PUNCT
easat-2393	234	7	table	table	NOUN
easat-2393	234	8	5	5	NUM
easat-2393	234	9	)	)	PUNCT
easat-2393	234	10	show	show	VERB
easat-2393	234	11	that	that	SCONJ
easat-2393	234	12	herding	herd	VERB
easat-2393	234	13	behaviour	behaviour	NOUN
easat-2393	234	14	exists	exist	VERB
easat-2393	234	15	in	in	ADP
easat-2393	234	16	the	the	DET
easat-2393	234	17	malaysian	malaysian	ADJ
easat-2393	234	18	stock	stock	NOUN
easat-2393	234	19	market	market	NOUN
easat-2393	234	20	during	during	ADP
easat-2393	234	21	the	the	DET
easat-2393	234	22	post	post	ADJ
easat-2393	234	23	-	-	ADJ
easat-2393	234	24	crisis	crisis	ADJ
easat-2393	234	25	period	period	NOUN
easat-2393	234	26	.	.	PUNCT
easat-2393	235	1	further	further	ADJ
easat-2393	235	2	analysis	analysis	NOUN
easat-2393	235	3	also	also	ADV
easat-2393	235	4	confirmed	confirm	VERB
easat-2393	235	5	that	that	SCONJ
easat-2393	235	6	herding	herd	VERB
easat-2393	235	7	behaviour	behaviour	NOUN
easat-2393	235	8	exists	exist	VERB
easat-2393	235	9	in	in	ADP
easat-2393	235	10	post	post	ADJ
easat-2393	235	11	-	-	ADJ
easat-2393	235	12	crisis	crisis	ADJ
easat-2393	235	13	period	period	NOUN
easat-2393	235	14	during	during	ADP
easat-2393	235	15	the	the	DET
easat-2393	235	16	extreme	extreme	ADJ
easat-2393	235	17	down	down	ADJ
easat-2393	235	18	-	-	PUNCT
easat-2393	235	19	market	market	NOUN
easat-2393	235	20	condition	condition	NOUN
easat-2393	235	21	(	(	PUNCT
easat-2393	235	22	table	table	NOUN
easat-2393	235	23	6	6	NUM
easat-2393	235	24	)	)	PUNCT
easat-2393	235	25	.	.	PUNCT
easat-2393	236	1	5	5	X
easat-2393	236	2	.	.	X
easat-2393	236	3	discussion	discussion	NOUN
easat-2393	236	4	and	and	CCONJ
easat-2393	236	5	conclusion	conclusion	NOUN
easat-2393	236	6	this	this	DET
easat-2393	236	7	paper	paper	NOUN
easat-2393	236	8	examines	examine	VERB
easat-2393	236	9	the	the	DET
easat-2393	236	10	effects	effect	NOUN
easat-2393	236	11	of	of	ADP
easat-2393	236	12	market	market	NOUN
easat-2393	236	13	conditions	condition	NOUN
easat-2393	236	14	on	on	ADP
easat-2393	236	15	herding	herd	VERB
easat-2393	236	16	behaviour	behaviour	NOUN
easat-2393	236	17	within	within	ADP
easat-2393	236	18	a	a	DET
easat-2393	236	19	framework	framework	NOUN
easat-2393	236	20	of	of	ADP
easat-2393	236	21	the	the	DET
easat-2393	236	22	emerging	emerge	VERB
easat-2393	236	23	market	market	NOUN
easat-2393	236	24	,	,	PUNCT
easat-2393	236	25	malaysia	malaysia	PROPN
easat-2393	236	26	.	.	PUNCT
easat-2393	237	1	the	the	DET
easat-2393	237	2	presence	presence	NOUN
easat-2393	237	3	of	of	ADP
easat-2393	237	4	herding	herding	NOUN
easat-2393	237	5	behaviour	behaviour	NOUN
easat-2393	237	6	was	be	AUX
easat-2393	237	7	investigated	investigate	VERB
easat-2393	237	8	using	use	VERB
easat-2393	237	9	daily	daily	ADJ
easat-2393	237	10	data	datum	NOUN
easat-2393	237	11	of	of	ADP
easat-2393	237	12	346	346	NUM
easat-2393	237	13	companies	company	NOUN
easat-2393	237	14	listed	list	VERB
easat-2393	237	15	in	in	ADP
easat-2393	237	16	malaysian	malaysian	ADJ
easat-2393	237	17	stock	stock	NOUN
easat-2393	237	18	markets	market	NOUN
easat-2393	237	19	from	from	ADP
easat-2393	237	20	the	the	DET
easat-2393	237	21	year	year	NOUN
easat-2393	237	22	2000	2000	NUM
easat-2393	237	23	to	to	ADP
easat-2393	237	24	2019	2019	NUM
easat-2393	237	25	.	.	PUNCT
easat-2393	238	1	as	as	SCONJ
easat-2393	238	2	the	the	DET
easat-2393	238	3	period	period	NOUN
easat-2393	238	4	of	of	ADP
easat-2393	238	5	study	study	NOUN
easat-2393	238	6	consists	consist	VERB
easat-2393	238	7	of	of	ADP
easat-2393	238	8	a	a	DET
easat-2393	238	9	significant	significant	ADJ
easat-2393	238	10	global	global	ADJ
easat-2393	238	11	market	market	NOUN
easat-2393	238	12	crisis	crisis	NOUN
easat-2393	238	13	,	,	PUNCT
easat-2393	238	14	the	the	DET
easat-2393	238	15	analyses	analysis	NOUN
easat-2393	238	16	were	be	AUX
easat-2393	238	17	conducted	conduct	VERB
easat-2393	238	18	for	for	ADP
easat-2393	238	19	three	three	NUM
easat-2393	238	20	different	different	ADJ
easat-2393	238	21	crisis	crisis	NOUN
easat-2393	238	22	periods	period	NOUN
easat-2393	238	23	:	:	PUNCT
easat-2393	238	24	precrisis	precrisis	NOUN
easat-2393	238	25	,	,	PUNCT
easat-2393	238	26	during	during	ADP
easat-2393	238	27	-	-	PUNCT
easat-2393	238	28	crisis	crisis	NOUN
easat-2393	238	29	and	and	CCONJ
easat-2393	238	30	post	post	ADJ
easat-2393	238	31	-	-	ADJ
easat-2393	238	32	crisis	crisis	NOUN
easat-2393	238	33	periods	period	NOUN
easat-2393	238	34	.	.	PUNCT
easat-2393	239	1	furthermore	furthermore	ADV
easat-2393	239	2	,	,	PUNCT
easat-2393	239	3	the	the	DET
easat-2393	239	4	presence	presence	NOUN
easat-2393	239	5	of	of	ADP
easat-2393	239	6	herding	herd	VERB
easat-2393	239	7	behaviour	behaviour	NOUN
easat-2393	239	8	in	in	ADP
easat-2393	239	9	the	the	DET
easat-2393	239	10	respective	respective	ADJ
easat-2393	239	11	crisis	crisis	NOUN
easat-2393	239	12	period	period	NOUN
easat-2393	239	13	was	be	AUX
easat-2393	239	14	investigated	investigate	VERB
easat-2393	239	15	in	in	ADP
easat-2393	239	16	two	two	NUM
easat-2393	239	17	different	different	ADJ
easat-2393	239	18	market	market	NOUN
easat-2393	239	19	conditions	condition	NOUN
easat-2393	239	20	:	:	PUNCT
easat-2393	239	21	up	up	ADP
easat-2393	239	22	-	-	PUNCT
easat-2393	239	23	market	market	NOUN
easat-2393	239	24	and	and	CCONJ
easat-2393	239	25	down	down	ADP
easat-2393	239	26	-	-	PUNCT
easat-2393	239	27	market	market	NOUN
easat-2393	239	28	.	.	PUNCT
easat-2393	240	1	estimation	estimation	NOUN
easat-2393	240	2	results	result	NOUN
easat-2393	240	3	using	use	VERB
easat-2393	240	4	cssd	cssd	NOUN
easat-2393	240	5	showed	show	VERB
easat-2393	240	6	that	that	SCONJ
easat-2393	240	7	herding	herding	NOUN
easat-2393	240	8	behaviour	behaviour	NOUN
easat-2393	240	9	was	be	AUX
easat-2393	240	10	present	present	ADJ
easat-2393	240	11	in	in	ADP
easat-2393	240	12	the	the	DET
easat-2393	240	13	post	post	ADJ
easat-2393	240	14	-	-	ADJ
easat-2393	240	15	crisis	crisis	ADJ
easat-2393	240	16	period	period	NOUN
easat-2393	240	17	,	,	PUNCT
easat-2393	240	18	but	but	CCONJ
easat-2393	240	19	not	not	PART
easat-2393	240	20	during	during	ADP
easat-2393	240	21	the	the	DET
easat-2393	240	22	pre	pre	NOUN
easat-2393	240	23	-	-	NOUN
easat-2393	240	24	crisis	crisis	NOUN
easat-2393	240	25	and	and	CCONJ
easat-2393	240	26	crisis	crisis	NOUN
easat-2393	240	27	period	period	NOUN
easat-2393	240	28	.	.	PUNCT
easat-2393	241	1	this	this	DET
easat-2393	241	2	study	study	NOUN
easat-2393	241	3	also	also	ADV
easat-2393	241	4	found	find	VERB
easat-2393	241	5	evidence	evidence	NOUN
easat-2393	241	6	of	of	ADP
easat-2393	241	7	herding	herd	VERB
easat-2393	241	8	behaviour	behaviour	NOUN
easat-2393	241	9	in	in	ADP
easat-2393	241	10	the	the	DET
easat-2393	241	11	extreme	extreme	NOUN
easat-2393	241	12	-	-	PUNCT
easat-2393	241	13	up	up	NOUN
easat-2393	241	14	and	and	CCONJ
easat-2393	241	15	-	-	PUNCT
easat-2393	241	16	down	down	ADP
easat-2393	241	17	market	market	NOUN
easat-2393	241	18	during	during	ADP
easat-2393	241	19	the	the	DET
easat-2393	241	20	pre	pre	ADJ
easat-2393	241	21	-	-	ADJ
easat-2393	241	22	crisis	crisis	ADJ
easat-2393	241	23	period	period	NOUN
easat-2393	241	24	,	,	PUNCT
easat-2393	241	25	while	while	SCONJ
easat-2393	241	26	in	in	ADP
easat-2393	241	27	the	the	DET
easat-2393	241	28	post	post	ADJ
easat-2393	241	29	-	-	ADJ
easat-2393	241	30	crisis	crisis	ADJ
easat-2393	241	31	period	period	NOUN
easat-2393	241	32	,	,	PUNCT
easat-2393	241	33	the	the	DET
easat-2393	241	34	herding	herding	NOUN
easat-2393	241	35	behaviour	behaviour	NOUN
easat-2393	241	36	was	be	AUX
easat-2393	241	37	detected	detect	VERB
easat-2393	241	38	only	only	ADV
easat-2393	241	39	in	in	ADP
easat-2393	241	40	the	the	DET
easat-2393	241	41	extreme	extreme	ADJ
easat-2393	241	42	-	-	PUNCT
easat-2393	241	43	up	up	ADP
easat-2393	241	44	condition	condition	NOUN
easat-2393	241	45	.	.	PUNCT
easat-2393	242	1	however	however	ADV
easat-2393	242	2	,	,	PUNCT
easat-2393	242	3	estimation	estimation	NOUN
easat-2393	242	4	results	result	NOUN
easat-2393	242	5	using	use	VERB
easat-2393	242	6	csad	csad	PROPN
easat-2393	242	7	found	find	VERB
easat-2393	242	8	that	that	SCONJ
easat-2393	242	9	herding	herding	NOUN
easat-2393	242	10	behaviour	behaviour	NOUN
easat-2393	242	11	is	be	AUX
easat-2393	242	12	only	only	ADV
easat-2393	242	13	present	present	ADJ
easat-2393	242	14	in	in	ADP
easat-2393	242	15	the	the	DET
easat-2393	242	16	post	post	ADJ
easat-2393	242	17	-	-	ADJ
easat-2393	242	18	crisis	crisis	ADJ
easat-2393	242	19	period	period	NOUN
easat-2393	242	20	.	.	PUNCT
easat-2393	243	1	further	further	ADJ
easat-2393	243	2	analysis	analysis	NOUN
easat-2393	243	3	also	also	ADV
easat-2393	243	4	revealed	reveal	VERB
easat-2393	243	5	that	that	SCONJ
easat-2393	243	6	during	during	ADP
easat-2393	243	7	the	the	DET
easat-2393	243	8	post	post	ADJ
easat-2393	243	9	-	-	ADJ
easat-2393	243	10	crisis	crisis	ADJ
easat-2393	243	11	period	period	NOUN
easat-2393	243	12	,	,	PUNCT
easat-2393	243	13	herding	herding	NOUN
easat-2393	243	14	was	be	AUX
easat-2393	243	15	only	only	ADV
easat-2393	243	16	prevalent	prevalent	ADJ
easat-2393	243	17	in	in	ADP
easat-2393	243	18	extreme	extreme	ADJ
easat-2393	243	19	down	down	ADJ
easat-2393	243	20	-	-	PUNCT
easat-2393	243	21	market	market	NOUN
easat-2393	243	22	conditions	condition	NOUN
easat-2393	243	23	.	.	PUNCT
easat-2393	244	1	the	the	DET
easat-2393	244	2	results	result	NOUN
easat-2393	244	3	showed	show	VERB
easat-2393	244	4	that	that	SCONJ
easat-2393	244	5	both	both	DET
easat-2393	244	6	measures	measure	NOUN
easat-2393	244	7	produce	produce	VERB
easat-2393	244	8	mixed	mixed	ADJ
easat-2393	244	9	results	result	NOUN
easat-2393	244	10	depending	depend	VERB
easat-2393	244	11	on	on	ADP
easat-2393	244	12	market	market	NOUN
easat-2393	244	13	conditions	condition	NOUN
easat-2393	244	14	.	.	PUNCT
easat-2393	245	1	this	this	PRON
easat-2393	245	2	is	be	AUX
easat-2393	245	3	consistent	consistent	ADJ
easat-2393	245	4	with	with	ADP
easat-2393	245	5	the	the	DET
easat-2393	245	6	finding	finding	NOUN
easat-2393	245	7	from	from	ADP
easat-2393	245	8	[	[	X
easat-2393	245	9	33	33	NUM
easat-2393	245	10	]	]	PUNCT
easat-2393	245	11	that	that	SCONJ
easat-2393	245	12	herding	herd	VERB
easat-2393	245	13	varies	vary	VERB
easat-2393	245	14	depending	depend	VERB
easat-2393	245	15	on	on	ADP
easat-2393	245	16	the	the	DET
easat-2393	245	17	market	market	NOUN
easat-2393	245	18	up	up	ADP
easat-2393	245	19	and	and	CCONJ
easat-2393	245	20	down	down	ADV
easat-2393	245	21	.	.	PUNCT
easat-2393	246	1	however	however	ADV
easat-2393	246	2	,	,	PUNCT
easat-2393	246	3	the	the	DET
easat-2393	246	4	findings	finding	NOUN
easat-2393	246	5	contradict	contradict	VERB
easat-2393	246	6	the	the	DET
easat-2393	246	7	study	study	NOUN
easat-2393	246	8	by	by	ADP
easat-2393	246	9	[	[	X
easat-2393	246	10	43	43	NUM
easat-2393	246	11	]	]	PUNCT
easat-2393	246	12	,	,	PUNCT
easat-2393	246	13	that	that	SCONJ
easat-2393	246	14	herding	herding	NOUN
easat-2393	246	15	behaviour	behaviour	NOUN
easat-2393	246	16	is	be	AUX
easat-2393	246	17	absent	absent	ADJ
easat-2393	246	18	for	for	ADP
easat-2393	246	19	rising	rise	VERB
easat-2393	246	20	and	and	CCONJ
easat-2393	246	21	declining	decline	VERB
easat-2393	246	22	market	market	NOUN
easat-2393	246	23	conditions	condition	NOUN
easat-2393	246	24	.	.	PUNCT
easat-2393	247	1	the	the	DET
easat-2393	247	2	existence	existence	NOUN
easat-2393	247	3	of	of	ADP
easat-2393	247	4	herding	herd	VERB
easat-2393	247	5	behaviour	behaviour	NOUN
easat-2393	247	6	during	during	ADP
easat-2393	247	7	extreme	extreme	ADJ
easat-2393	247	8	up	up	ADJ
easat-2393	247	9	-	-	PUNCT
easat-2393	247	10	market	market	NOUN
easat-2393	247	11	is	be	AUX
easat-2393	247	12	in	in	ADP
easat-2393	247	13	line	line	NOUN
easat-2393	247	14	with	with	ADP
easat-2393	247	15	the	the	DET
easat-2393	247	16	hypothesis	hypothesis	NOUN
easat-2393	247	17	that	that	SCONJ
easat-2393	247	18	herding	herd	VERB
easat-2393	247	19	behaviour	behaviour	NOUN
easat-2393	247	20	exhibits	exhibit	VERB
easat-2393	247	21	an	an	DET
easat-2393	247	22	asymmetrical	asymmetrical	ADJ
easat-2393	247	23	reaction	reaction	NOUN
easat-2393	247	24	when	when	SCONJ
easat-2393	247	25	the	the	DET
easat-2393	247	26	market	market	NOUN
easat-2393	247	27	is	be	AUX
easat-2393	247	28	up	up	ADV
easat-2393	247	29	in	in	ADP
easat-2393	247	30	comparison	comparison	NOUN
easat-2393	247	31	to	to	ADP
easat-2393	247	32	when	when	SCONJ
easat-2393	247	33	the	the	DET
easat-2393	247	34	market	market	NOUN
easat-2393	247	35	is	be	AUX
easat-2393	247	36	down	down	ADV
easat-2393	247	37	[	[	X
easat-2393	247	38	8,40	8,40	X
easat-2393	247	39	]	]	PUNCT
easat-2393	247	40	.	.	PUNCT
easat-2393	248	1	according	accord	VERB
easat-2393	248	2	to	to	ADP
easat-2393	248	3	chiang	chiang	PROPN
easat-2393	248	4	,	,	PUNCT
easat-2393	248	5	li	li	PROPN
easat-2393	248	6	,	,	PUNCT
easat-2393	248	7	tan	tan	PROPN
easat-2393	248	8	,	,	PUNCT
easat-2393	248	9	&	&	CCONJ
easat-2393	248	10	nelling	nelle	VERB
easat-2393	248	11	,	,	PUNCT
easat-2393	248	12	[	[	X
easat-2393	248	13	7	7	NUM
easat-2393	248	14	]	]	PUNCT
easat-2393	248	15	,	,	PUNCT
easat-2393	248	16	investors	investor	NOUN
easat-2393	248	17	typically	typically	ADV
easat-2393	248	18	herd	herd	VERB
easat-2393	248	19	when	when	SCONJ
easat-2393	248	20	the	the	DET
easat-2393	248	21	market	market	NOUN
easat-2393	248	22	is	be	AUX
easat-2393	248	23	moving	move	VERB
easat-2393	248	24	upward	upward	ADV
easat-2393	248	25	,	,	PUNCT
easat-2393	248	26	and	and	CCONJ
easat-2393	248	27	there	there	PRON
easat-2393	248	28	may	may	AUX
easat-2393	248	29	be	be	AUX
easat-2393	248	30	an	an	DET
easat-2393	248	31	asymmetry	asymmetry	NOUN
easat-2393	248	32	in	in	ADP
easat-2393	248	33	herding	herd	VERB
easat-2393	248	34	between	between	ADP
easat-2393	248	35	rising	rise	VERB
easat-2393	248	36	and	and	CCONJ
easat-2393	248	37	declining	decline	VERB
easat-2393	248	38	markets	market	NOUN
easat-2393	248	39	due	due	ADJ
easat-2393	248	40	to	to	ADP
easat-2393	248	41	the	the	DET
easat-2393	248	42	flow	flow	NOUN
easat-2393	248	43	of	of	ADP
easat-2393	248	44	positive	positive	ADJ
easat-2393	248	45	and	and	CCONJ
easat-2393	248	46	negative	negative	ADJ
easat-2393	248	47	information	information	NOUN
easat-2393	248	48	.	.	PUNCT
easat-2393	249	1	investor	investor	NOUN
easat-2393	249	2	enthusiasm	enthusiasm	NOUN
easat-2393	249	3	during	during	ADP
easat-2393	249	4	the	the	DET
easat-2393	249	5	upmarket	upmarket	NOUN
easat-2393	249	6	could	could	AUX
easat-2393	249	7	significantly	significantly	ADV
easat-2393	249	8	influence	influence	VERB
easat-2393	249	9	rational	rational	ADJ
easat-2393	249	10	herd	herd	NOUN
easat-2393	249	11	behaviour	behaviour	NOUN
easat-2393	249	12	at	at	ADP
easat-2393	249	13	this	this	DET
easat-2393	249	14	time	time	NOUN
easat-2393	249	15	.	.	PUNCT
easat-2393	250	1	conversely	conversely	ADV
easat-2393	250	2	,	,	PUNCT
easat-2393	250	3	during	during	ADP
easat-2393	250	4	a	a	DET
easat-2393	250	5	down	down	ADJ
easat-2393	250	6	-	-	PUNCT
easat-2393	250	7	market	market	NOUN
easat-2393	250	8	,	,	PUNCT
easat-2393	250	9	information	information	NOUN
easat-2393	250	10	may	may	AUX
easat-2393	250	11	be	be	AUX
easat-2393	250	12	limited	limit	VERB
easat-2393	250	13	for	for	ADP
easat-2393	250	14	the	the	DET
easat-2393	250	15	public	public	NOUN
easat-2393	250	16	,	,	PUNCT
easat-2393	250	17	causing	cause	VERB
easat-2393	250	18	less	less	ADJ
easat-2393	250	19	herding	herding	NOUN
easat-2393	250	20	in	in	ADP
easat-2393	250	21	the	the	DET
easat-2393	250	22	down	down	ADJ
easat-2393	250	23	market	market	NOUN
easat-2393	250	24	.	.	PUNCT
easat-2393	251	1	investors	investor	NOUN
easat-2393	251	2	are	be	AUX
easat-2393	251	3	also	also	ADV
easat-2393	251	4	less	less	ADV
easat-2393	251	5	likely	likely	ADJ
easat-2393	251	6	to	to	PART
easat-2393	251	7	hedge	hedge	VERB
easat-2393	251	8	in	in	ADP
easat-2393	251	9	the	the	DET
easat-2393	251	10	down	down	ADJ
easat-2393	251	11	market	market	NOUN
easat-2393	251	12	due	due	ADP
easat-2393	251	13	to	to	ADP
easat-2393	251	14	the	the	DET
easat-2393	251	15	possibility	possibility	NOUN
easat-2393	251	16	that	that	SCONJ
easat-2393	251	17	the	the	DET
easat-2393	251	18	government	government	NOUN
easat-2393	251	19	may	may	AUX
easat-2393	251	20	intervene	intervene	VERB
easat-2393	251	21	when	when	SCONJ
easat-2393	251	22	markets	market	NOUN
easat-2393	251	23	decrease	decrease	VERB
easat-2393	251	24	significantly	significantly	ADV
easat-2393	251	25	.	.	PUNCT
easat-2393	252	1	mixed	mixed	ADJ
easat-2393	252	2	results	result	NOUN
easat-2393	252	3	produced	produce	VERB
easat-2393	252	4	by	by	ADP
easat-2393	252	5	this	this	DET
easat-2393	252	6	empirical	empirical	ADJ
easat-2393	252	7	study	study	NOUN
easat-2393	252	8	could	could	AUX
easat-2393	252	9	be	be	AUX
easat-2393	252	10	because	because	SCONJ
easat-2393	252	11	herding	herding	NOUN
easat-2393	252	12	is	be	AUX
easat-2393	252	13	a	a	DET
easat-2393	252	14	dynamic	dynamic	ADJ
easat-2393	252	15	phenomenon	phenomenon	NOUN
easat-2393	252	16	that	that	PRON
easat-2393	252	17	is	be	AUX
easat-2393	252	18	likely	likely	ADJ
easat-2393	252	19	to	to	PART
easat-2393	252	20	change	change	VERB
easat-2393	252	21	over	over	ADP
easat-2393	252	22	time	time	NOUN
easat-2393	252	23	in	in	ADP
easat-2393	252	24	line	line	NOUN
easat-2393	252	25	with	with	ADP
easat-2393	252	26	the	the	DET
easat-2393	252	27	market	market	NOUN
easat-2393	252	28	conditions	condition	NOUN
easat-2393	252	29	.	.	PUNCT
easat-2393	253	1	and	and	CCONJ
easat-2393	253	2	this	this	DET
easat-2393	253	3	behaviour	behaviour	NOUN
easat-2393	253	4	could	could	AUX
easat-2393	253	5	contribute	contribute	VERB
easat-2393	253	6	to	to	ADP
easat-2393	253	7	abnormality	abnormality	NOUN
easat-2393	253	8	and	and	CCONJ
easat-2393	253	9	a	a	DET
easat-2393	253	10	divergence	divergence	NOUN
easat-2393	253	11	from	from	ADP
easat-2393	253	12	the	the	DET
easat-2393	253	13	emh	emh	NOUN
easat-2393	253	14	especially	especially	ADV
easat-2393	253	15	during	during	ADP
easat-2393	253	16	crisis	crisis	NOUN
easat-2393	253	17	and	and	CCONJ
easat-2393	253	18	extremely	extremely	ADV
easat-2393	253	19	volatile	volatile	ADJ
easat-2393	253	20	markets	market	NOUN
easat-2393	253	21	.	.	PUNCT
easat-2393	254	1	as	as	SCONJ
easat-2393	254	2	herding	herd	VERB
easat-2393	254	3	behaviour	behaviour	NOUN
easat-2393	254	4	may	may	AUX
easat-2393	254	5	cause	cause	VERB
easat-2393	254	6	prices	price	NOUN
easat-2393	254	7	to	to	PART
easat-2393	254	8	deviate	deviate	VERB
easat-2393	254	9	from	from	ADP
easat-2393	254	10	fundamentals	fundamental	NOUN
easat-2393	254	11	,	,	PUNCT
easat-2393	254	12	this	this	DET
easat-2393	254	13	action	action	NOUN
easat-2393	254	14	affects	affect	VERB
easat-2393	254	15	the	the	DET
easat-2393	254	16	process	process	NOUN
easat-2393	254	17	of	of	ADP
easat-2393	254	18	price	price	NOUN
easat-2393	254	19	discovery	discovery	NOUN
easat-2393	254	20	.	.	PUNCT
easat-2393	255	1	in	in	ADP
easat-2393	255	2	other	other	ADJ
easat-2393	255	3	words	word	NOUN
easat-2393	255	4	,	,	PUNCT
easat-2393	255	5	this	this	PRON
easat-2393	255	6	may	may	AUX
easat-2393	255	7	weaken	weaken	VERB
easat-2393	255	8	the	the	DET
easat-2393	255	9	correlation	correlation	NOUN
easat-2393	255	10	between	between	ADP
easat-2393	255	11	stock	stock	NOUN
easat-2393	255	12	returns	return	NOUN
easat-2393	255	13	and	and	CCONJ
easat-2393	255	14	firm	firm	ADJ
easat-2393	255	15	-	-	PUNCT
easat-2393	255	16	specific	specific	ADJ
easat-2393	255	17	information	information	NOUN
easat-2393	255	18	included	include	VERB
easat-2393	255	19	in	in	ADP
easat-2393	255	20	financial	financial	ADJ
easat-2393	255	21	statements	statement	NOUN
easat-2393	255	22	[	[	X
easat-2393	255	23	6	6	NUM
easat-2393	255	24	]	]	PUNCT
easat-2393	255	25	,	,	PUNCT
easat-2393	255	26	hence	hence	ADV
easat-2393	255	27	causing	cause	VERB
easat-2393	255	28	unreliable	unreliable	ADJ
easat-2393	255	29	information	information	NOUN
easat-2393	255	30	dissemination	dissemination	NOUN
easat-2393	255	31	.	.	PUNCT
easat-2393	256	1	meanwhile	meanwhile	ADV
easat-2393	256	2	,	,	PUNCT
easat-2393	256	3	in	in	ADP
easat-2393	256	4	the	the	DET
easat-2393	256	5	context	context	NOUN
easat-2393	256	6	of	of	ADP
easat-2393	256	7	herding	herd	VERB
easat-2393	256	8	behaviour	behaviour	NOUN
easat-2393	256	9	in	in	ADP
easat-2393	256	10	financial	financial	ADJ
easat-2393	256	11	markets	market	NOUN
easat-2393	256	12	,	,	PUNCT
easat-2393	256	13	cssd	cssd	NOUN
easat-2393	256	14	and	and	CCONJ
easat-2393	256	15	scad	scad	NOUN
easat-2393	256	16	are	be	AUX
easat-2393	256	17	two	two	NUM
easat-2393	256	18	statistical	statistical	ADJ
easat-2393	256	19	measures	measure	NOUN
easat-2393	256	20	used	use	VERB
easat-2393	256	21	to	to	PART
easat-2393	256	22	analyse	analyse	VERB
easat-2393	256	23	the	the	DET
easat-2393	256	24	presence	presence	NOUN
easat-2393	256	25	of	of	ADP
easat-2393	256	26	herding	herd	VERB
easat-2393	256	27	among	among	ADP
easat-2393	256	28	investors	investor	NOUN
easat-2393	256	29	.	.	PUNCT
easat-2393	257	1	they	they	PRON
easat-2393	257	2	,	,	PUNCT
easat-2393	257	3	however	however	ADV
easat-2393	257	4	,	,	PUNCT
easat-2393	257	5	sometimes	sometimes	ADV
easat-2393	257	6	2130	2130	NUM
easat-2393	257	7	edelweiss	edelweiss	PROPN
easat-2393	257	8	applied	apply	VERB
easat-2393	257	9	science	science	NOUN
easat-2393	257	10	and	and	CCONJ
easat-2393	257	11	technology	technology	NOUN
easat-2393	257	12	issn	issn	PROPN
easat-2393	257	13	:	:	PUNCT
easat-2393	257	14	2576	2576	NUM
easat-2393	257	15	-	-	SYM
easat-2393	257	16	8484	8484	NUM
easat-2393	257	17	vol	vol	NOUN
easat-2393	257	18	.	.	PROPN
easat-2393	257	19	8	8	NUM
easat-2393	257	20	,	,	PUNCT
easat-2393	257	21	no	no	INTJ
easat-2393	257	22	.	.	NOUN
easat-2393	258	1	6	6	NUM
easat-2393	258	2	:	:	SYM
easat-2393	258	3	2121	2121	NUM
easat-2393	258	4	-	-	SYM
easat-2393	258	5	2132	2132	NUM
easat-2393	258	6	,	,	PUNCT
easat-2393	258	7	2024	2024	NUM
easat-2393	258	8	doi	doi	NOUN
easat-2393	258	9	:	:	PUNCT
easat-2393	258	10	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	258	11	©	©	PROPN
easat-2393	258	12	2024	2024	NUM
easat-2393	258	13	by	by	ADP
easat-2393	258	14	the	the	DET
easat-2393	258	15	authors	author	NOUN
easat-2393	258	16	;	;	PUNCT
easat-2393	258	17	licensee	licensee	PROPN
easat-2393	258	18	learning	learning	NOUN
easat-2393	258	19	gate	gate	NOUN
easat-2393	258	20	produce	produce	VERB
easat-2393	258	21	conflicting	conflicting	ADJ
easat-2393	258	22	results	result	NOUN
easat-2393	258	23	due	due	ADP
easat-2393	258	24	to	to	ADP
easat-2393	258	25	their	their	PRON
easat-2393	258	26	different	different	ADJ
easat-2393	258	27	methodological	methodological	ADJ
easat-2393	258	28	approaches	approach	NOUN
easat-2393	258	29	and	and	CCONJ
easat-2393	258	30	sensitivities	sensitivity	NOUN
easat-2393	258	31	to	to	ADP
easat-2393	258	32	market	market	NOUN
easat-2393	258	33	conditions	condition	NOUN
easat-2393	258	34	.	.	PUNCT
easat-2393	259	1	the	the	DET
easat-2393	259	2	findings	finding	NOUN
easat-2393	259	3	from	from	ADP
easat-2393	259	4	this	this	DET
easat-2393	259	5	study	study	NOUN
easat-2393	259	6	contribute	contribute	VERB
easat-2393	259	7	to	to	ADP
easat-2393	259	8	investment	investment	NOUN
easat-2393	259	9	strategy	strategy	NOUN
easat-2393	259	10	in	in	ADP
easat-2393	259	11	several	several	ADJ
easat-2393	259	12	ways	way	NOUN
easat-2393	259	13	.	.	PUNCT
easat-2393	260	1	firstly	firstly	ADV
easat-2393	260	2	,	,	PUNCT
easat-2393	260	3	as	as	SCONJ
easat-2393	260	4	herding	herd	VERB
easat-2393	260	5	behaviour	behaviour	NOUN
easat-2393	260	6	influences	influence	VERB
easat-2393	260	7	investors	investor	NOUN
easat-2393	260	8	to	to	PART
easat-2393	260	9	invest	invest	VERB
easat-2393	260	10	in	in	ADP
easat-2393	260	11	the	the	DET
easat-2393	260	12	same	same	ADJ
easat-2393	260	13	portfolios	portfolio	NOUN
easat-2393	260	14	;	;	PUNCT
easat-2393	260	15	it	it	PRON
easat-2393	260	16	can	can	AUX
easat-2393	260	17	be	be	AUX
easat-2393	260	18	challenging	challenge	VERB
easat-2393	260	19	to	to	PART
easat-2393	260	20	locate	locate	VERB
easat-2393	260	21	,	,	PUNCT
easat-2393	260	22	diversify	diversify	VERB
easat-2393	260	23	and	and	CCONJ
easat-2393	260	24	invest	invest	VERB
easat-2393	260	25	in	in	ADP
easat-2393	260	26	an	an	DET
easat-2393	260	27	intercorrelated	intercorrelate	VERB
easat-2393	260	28	portfolio	portfolio	NOUN
easat-2393	260	29	.	.	PUNCT
easat-2393	261	1	as	as	ADP
easat-2393	261	2	a	a	DET
easat-2393	261	3	result	result	NOUN
easat-2393	261	4	,	,	PUNCT
easat-2393	261	5	investors	investor	NOUN
easat-2393	261	6	might	might	AUX
easat-2393	261	7	need	need	VERB
easat-2393	261	8	to	to	PART
easat-2393	261	9	invest	invest	VERB
easat-2393	261	10	in	in	ADP
easat-2393	261	11	different	different	ADJ
easat-2393	261	12	portfolios	portfolio	NOUN
easat-2393	261	13	to	to	PART
easat-2393	261	14	gain	gain	VERB
easat-2393	261	15	the	the	DET
easat-2393	261	16	same	same	ADJ
easat-2393	261	17	benefits	benefit	NOUN
easat-2393	261	18	as	as	ADP
easat-2393	261	19	in	in	ADP
easat-2393	261	20	a	a	DET
easat-2393	261	21	market	market	NOUN
easat-2393	261	22	free	free	ADJ
easat-2393	261	23	of	of	ADP
easat-2393	261	24	herding	herding	NOUN
easat-2393	261	25	.	.	PUNCT
easat-2393	262	1	secondly	secondly	ADV
easat-2393	262	2	,	,	PUNCT
easat-2393	262	3	since	since	SCONJ
easat-2393	262	4	herding	herding	NOUN
easat-2393	262	5	is	be	AUX
easat-2393	262	6	linked	link	VERB
easat-2393	262	7	to	to	ADP
easat-2393	262	8	mispricing	misprice	VERB
easat-2393	262	9	,	,	PUNCT
easat-2393	262	10	investors	investor	NOUN
easat-2393	262	11	may	may	AUX
easat-2393	262	12	be	be	AUX
easat-2393	262	13	able	able	ADJ
easat-2393	262	14	to	to	PART
easat-2393	262	15	reap	reap	VERB
easat-2393	262	16	a	a	DET
easat-2393	262	17	non	non	ADJ
easat-2393	262	18	-	-	ADJ
easat-2393	262	19	market	market	ADJ
easat-2393	262	20	premium	premium	NOUN
easat-2393	262	21	in	in	ADP
easat-2393	262	22	addition	addition	NOUN
easat-2393	262	23	to	to	ADP
easat-2393	262	24	the	the	DET
easat-2393	262	25	expected	expect	VERB
easat-2393	262	26	portfolio	portfolio	NOUN
easat-2393	262	27	return	return	NOUN
easat-2393	262	28	provided	provide	VERB
easat-2393	262	29	by	by	ADP
easat-2393	262	30	traditional	traditional	ADJ
easat-2393	262	31	asset	asset	NOUN
easat-2393	262	32	pricing	pricing	NOUN
easat-2393	262	33	models	model	NOUN
easat-2393	262	34	.	.	PUNCT
easat-2393	263	1	to	to	PART
easat-2393	263	2	acquire	acquire	VERB
easat-2393	263	3	this	this	DET
easat-2393	263	4	benefit	benefit	NOUN
easat-2393	263	5	,	,	PUNCT
easat-2393	263	6	an	an	DET
easat-2393	263	7	investment	investment	NOUN
easat-2393	263	8	strategy	strategy	NOUN
easat-2393	263	9	should	should	AUX
easat-2393	263	10	encourage	encourage	VERB
easat-2393	263	11	investors	investor	NOUN
easat-2393	263	12	to	to	PART
easat-2393	263	13	look	look	VERB
easat-2393	263	14	for	for	ADP
easat-2393	263	15	undervalued	undervalued	ADJ
easat-2393	263	16	stocks	stock	NOUN
easat-2393	263	17	.	.	PUNCT
easat-2393	264	1	this	this	PRON
easat-2393	264	2	will	will	AUX
easat-2393	264	3	also	also	ADV
easat-2393	264	4	help	help	VERB
easat-2393	264	5	to	to	PART
easat-2393	264	6	reduce	reduce	VERB
easat-2393	264	7	some	some	DET
easat-2393	264	8	mispricing	mispricing	NOUN
easat-2393	264	9	and	and	CCONJ
easat-2393	264	10	increase	increase	VERB
easat-2393	264	11	pricing	pricing	NOUN
easat-2393	264	12	effectiveness	effectiveness	NOUN
easat-2393	264	13	in	in	ADP
easat-2393	264	14	the	the	DET
easat-2393	264	15	process	process	NOUN
easat-2393	264	16	.	.	PUNCT
easat-2393	265	1	as	as	ADP
easat-2393	265	2	for	for	ADP
easat-2393	265	3	policy	policy	NOUN
easat-2393	265	4	response	response	NOUN
easat-2393	265	5	to	to	ADP
easat-2393	265	6	herding	herd	VERB
easat-2393	265	7	behaviour	behaviour	NOUN
easat-2393	265	8	,	,	PUNCT
easat-2393	265	9	malaysian	malaysian	ADJ
easat-2393	265	10	regulators	regulator	NOUN
easat-2393	265	11	should	should	AUX
easat-2393	265	12	enhance	enhance	VERB
easat-2393	265	13	market	market	NOUN
easat-2393	265	14	surveillance	surveillance	NOUN
easat-2393	265	15	to	to	PART
easat-2393	265	16	identify	identify	VERB
easat-2393	265	17	and	and	CCONJ
easat-2393	265	18	monitor	monitor	VERB
easat-2393	265	19	herding	herd	VERB
easat-2393	265	20	behaviour	behaviour	NOUN
easat-2393	265	21	by	by	ADP
easat-2393	265	22	implementing	implement	VERB
easat-2393	265	23	stricter	strict	ADJ
easat-2393	265	24	disclosure	disclosure	NOUN
easat-2393	265	25	requirements	requirement	NOUN
easat-2393	265	26	and	and	CCONJ
easat-2393	265	27	transparency	transparency	NOUN
easat-2393	265	28	.	.	PUNCT
easat-2393	266	1	this	this	PRON
easat-2393	266	2	can	can	AUX
easat-2393	266	3	help	help	VERB
easat-2393	266	4	reduce	reduce	VERB
easat-2393	266	5	information	information	NOUN
easat-2393	266	6	asymmetries	asymmetry	NOUN
easat-2393	266	7	,	,	PUNCT
easat-2393	266	8	especially	especially	ADV
easat-2393	266	9	among	among	ADP
easat-2393	266	10	retail	retail	ADJ
easat-2393	266	11	investors	investor	NOUN
easat-2393	266	12	that	that	PRON
easat-2393	266	13	contribute	contribute	VERB
easat-2393	266	14	to	to	ADP
easat-2393	266	15	herding	herding	NOUN
easat-2393	266	16	,	,	PUNCT
easat-2393	266	17	especially	especially	ADV
easat-2393	266	18	during	during	ADP
easat-2393	266	19	extreme	extreme	ADJ
easat-2393	266	20	market	market	NOUN
easat-2393	266	21	conditions	condition	NOUN
easat-2393	266	22	.	.	PUNCT
easat-2393	267	1	meanwhile	meanwhile	ADV
easat-2393	267	2	,	,	PUNCT
easat-2393	267	3	promoting	promote	VERB
easat-2393	267	4	financial	financial	ADJ
easat-2393	267	5	education	education	NOUN
easat-2393	267	6	can	can	AUX
easat-2393	267	7	help	help	VERB
easat-2393	267	8	retail	retail	ADJ
easat-2393	267	9	investors	investor	NOUN
easat-2393	267	10	make	make	VERB
easat-2393	267	11	more	more	ADV
easat-2393	267	12	informed	informed	ADJ
easat-2393	267	13	decisions	decision	NOUN
easat-2393	267	14	,	,	PUNCT
easat-2393	267	15	hence	hence	ADV
easat-2393	267	16	reducing	reduce	VERB
easat-2393	267	17	the	the	DET
easat-2393	267	18	likelihood	likelihood	NOUN
easat-2393	267	19	of	of	ADP
easat-2393	267	20	herding	herding	NOUN
easat-2393	267	21	based	base	VERB
easat-2393	267	22	on	on	ADP
easat-2393	267	23	misinformation	misinformation	NOUN
easat-2393	267	24	or	or	CCONJ
easat-2393	267	25	panic	panic	NOUN
easat-2393	267	26	.	.	PUNCT
easat-2393	268	1	encouraging	encourage	VERB
easat-2393	268	2	diversification	diversification	NOUN
easat-2393	268	3	and	and	CCONJ
easat-2393	268	4	long	long	ADJ
easat-2393	268	5	-	-	PUNCT
easat-2393	268	6	term	term	NOUN
easat-2393	268	7	investment	investment	NOUN
easat-2393	268	8	strategies	strategy	NOUN
easat-2393	268	9	among	among	ADP
easat-2393	268	10	institutional	institutional	ADJ
easat-2393	268	11	investors	investor	NOUN
easat-2393	268	12	can	can	AUX
easat-2393	268	13	also	also	ADV
easat-2393	268	14	help	help	VERB
easat-2393	268	15	to	to	PART
easat-2393	268	16	reduce	reduce	VERB
easat-2393	268	17	the	the	DET
easat-2393	268	18	tendency	tendency	NOUN
easat-2393	268	19	to	to	PART
easat-2393	268	20	herd	herd	VERB
easat-2393	268	21	.	.	PUNCT
easat-2393	269	1	in	in	ADP
easat-2393	269	2	conclusion	conclusion	NOUN
easat-2393	269	3	,	,	PUNCT
easat-2393	269	4	this	this	DET
easat-2393	269	5	paper	paper	NOUN
easat-2393	269	6	empirically	empirically	ADV
easat-2393	269	7	examines	examine	VERB
easat-2393	269	8	the	the	DET
easat-2393	269	9	existence	existence	NOUN
easat-2393	269	10	of	of	ADP
easat-2393	269	11	herding	herd	VERB
easat-2393	269	12	behaviour	behaviour	NOUN
easat-2393	269	13	in	in	ADP
easat-2393	269	14	the	the	DET
easat-2393	269	15	malaysian	malaysian	ADJ
easat-2393	269	16	stock	stock	NOUN
easat-2393	269	17	market	market	NOUN
easat-2393	269	18	in	in	ADP
easat-2393	269	19	extreme	extreme	ADJ
easat-2393	269	20	up	up	ADP
easat-2393	269	21	-	-	PUNCT
easat-2393	269	22	and	and	CCONJ
easat-2393	269	23	-	-	PUNCT
easat-2393	269	24	down	down	ADP
easat-2393	269	25	-	-	PUNCT
easat-2393	269	26	market	market	NOUN
easat-2393	269	27	conditions	condition	NOUN
easat-2393	269	28	.	.	PUNCT
easat-2393	270	1	the	the	DET
easat-2393	270	2	existence	existence	NOUN
easat-2393	270	3	of	of	ADP
easat-2393	270	4	herding	herd	VERB
easat-2393	270	5	behaviour	behaviour	NOUN
easat-2393	270	6	was	be	AUX
easat-2393	270	7	identified	identify	VERB
easat-2393	270	8	using	use	VERB
easat-2393	270	9	cssd	cssd	NOUN
easat-2393	270	10	and	and	CCONJ
easat-2393	270	11	csad	csad	ADJ
easat-2393	270	12	,	,	PUNCT
easat-2393	270	13	and	and	CCONJ
easat-2393	270	14	tested	test	VERB
easat-2393	270	15	in	in	ADP
easat-2393	270	16	three	three	NUM
easat-2393	270	17	crisis	crisis	NOUN
easat-2393	270	18	periods	period	NOUN
easat-2393	270	19	:	:	PUNCT
easat-2393	270	20	pre-	pre-	X
easat-2393	270	21	,	,	PUNCT
easat-2393	270	22	during	during	ADP
easat-2393	270	23	and	and	CCONJ
easat-2393	270	24	post	post	NOUN
easat-2393	270	25	-	-	NOUN
easat-2393	270	26	crisis	crisis	NOUN
easat-2393	270	27	.	.	PUNCT
easat-2393	271	1	the	the	DET
easat-2393	271	2	results	result	NOUN
easat-2393	271	3	from	from	ADP
easat-2393	271	4	cssd	cssd	NOUN
easat-2393	271	5	reveal	reveal	VERB
easat-2393	271	6	the	the	DET
easat-2393	271	7	presence	presence	NOUN
easat-2393	271	8	of	of	ADP
easat-2393	271	9	herding	herd	VERB
easat-2393	271	10	behaviour	behaviour	NOUN
easat-2393	271	11	before	before	ADP
easat-2393	271	12	the	the	DET
easat-2393	271	13	crisis	crisis	NOUN
easat-2393	271	14	in	in	ADP
easat-2393	271	15	both	both	CCONJ
easat-2393	271	16	extreme	extreme	ADJ
easat-2393	271	17	up	up	ADP
easat-2393	271	18	and	and	CCONJ
easat-2393	271	19	down	down	ADP
easat-2393	271	20	-	-	PUNCT
easat-2393	271	21	market	market	NOUN
easat-2393	271	22	conditions	condition	NOUN
easat-2393	271	23	.	.	PUNCT
easat-2393	272	1	meanwhile	meanwhile	ADV
easat-2393	272	2	,	,	PUNCT
easat-2393	272	3	during	during	ADP
easat-2393	272	4	the	the	DET
easat-2393	272	5	post	post	ADJ
easat-2393	272	6	-	-	ADJ
easat-2393	272	7	crisis	crisis	ADJ
easat-2393	272	8	period	period	NOUN
easat-2393	272	9	,	,	PUNCT
easat-2393	272	10	herding	herding	NOUN
easat-2393	272	11	behaviour	behaviour	NOUN
easat-2393	272	12	was	be	AUX
easat-2393	272	13	observed	observe	VERB
easat-2393	272	14	in	in	ADP
easat-2393	272	15	extreme	extreme	ADJ
easat-2393	272	16	up	up	ADJ
easat-2393	272	17	-	-	PUNCT
easat-2393	272	18	market	market	NOUN
easat-2393	272	19	conditions	condition	NOUN
easat-2393	272	20	only	only	ADV
easat-2393	272	21	.	.	PUNCT
easat-2393	273	1	using	use	VERB
easat-2393	273	2	csad	csad	PROPN
easat-2393	273	3	,	,	PUNCT
easat-2393	273	4	herding	herd	VERB
easat-2393	273	5	behaviour	behaviour	NOUN
easat-2393	273	6	was	be	AUX
easat-2393	273	7	found	find	VERB
easat-2393	273	8	prevalent	prevalent	ADJ
easat-2393	273	9	in	in	ADP
easat-2393	273	10	extreme	extreme	ADJ
easat-2393	273	11	upmarket	upmarket	ADJ
easat-2393	273	12	conditions	condition	NOUN
easat-2393	273	13	and	and	CCONJ
easat-2393	273	14	post	post	NOUN
easat-2393	273	15	-	-	NOUN
easat-2393	273	16	crisis	crisis	NOUN
easat-2393	273	17	in	in	ADP
easat-2393	273	18	extreme	extreme	ADJ
easat-2393	273	19	down	down	ADJ
easat-2393	273	20	-	-	PUNCT
easat-2393	273	21	market	market	NOUN
easat-2393	273	22	conditions	condition	NOUN
easat-2393	273	23	.	.	PUNCT
easat-2393	274	1	acknowledgement	acknowledgement	NOUN
easat-2393	274	2	:	:	PUNCT
easat-2393	275	1	we	we	PRON
easat-2393	275	2	gratefully	gratefully	ADV
easat-2393	275	3	acknowledge	acknowledge	VERB
easat-2393	275	4	the	the	DET
easat-2393	275	5	invaluable	invaluable	ADJ
easat-2393	275	6	research	research	NOUN
easat-2393	275	7	contributions	contribution	NOUN
easat-2393	275	8	and	and	CCONJ
easat-2393	275	9	support	support	NOUN
easat-2393	275	10	throughout	throughout	ADP
easat-2393	275	11	this	this	DET
easat-2393	275	12	research	research	NOUN
easat-2393	275	13	.	.	PUNCT
easat-2393	276	1	copyright	copyright	NOUN
easat-2393	276	2	:	:	PUNCT
easat-2393	276	3	©	©	PROPN
easat-2393	276	4	2024	2024	NUM
easat-2393	276	5	by	by	ADP
easat-2393	276	6	the	the	DET
easat-2393	276	7	authors	author	NOUN
easat-2393	276	8	.	.	PUNCT
easat-2393	277	1	this	this	DET
easat-2393	277	2	article	article	NOUN
easat-2393	277	3	is	be	AUX
easat-2393	277	4	an	an	DET
easat-2393	277	5	open	open	ADJ
easat-2393	277	6	access	access	NOUN
easat-2393	277	7	article	article	NOUN
easat-2393	277	8	distributed	distribute	VERB
easat-2393	277	9	under	under	ADP
easat-2393	277	10	the	the	DET
easat-2393	277	11	terms	term	NOUN
easat-2393	277	12	and	and	CCONJ
easat-2393	277	13	conditions	condition	NOUN
easat-2393	277	14	of	of	ADP
easat-2393	277	15	the	the	DET
easat-2393	277	16	creative	creative	ADJ
easat-2393	277	17	commons	common	NOUN
easat-2393	277	18	attribution	attribution	NOUN
easat-2393	277	19	(	(	PUNCT
easat-2393	277	20	cc	cc	NOUN
easat-2393	277	21	by	by	ADP
easat-2393	277	22	)	)	PUNCT
easat-2393	277	23	license	license	NOUN
easat-2393	277	24	(	(	PUNCT
easat-2393	277	25	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-2393	277	26	)	)	PUNCT
easat-2393	277	27	.	.	PUNCT
easat-2393	278	1	references	reference	NOUN
easat-2393	278	2	[	[	X
easat-2393	278	3	1	1	NUM
easat-2393	278	4	]	]	X
easat-2393	278	5	ali	ali	PROPN
easat-2393	278	6	,	,	PUNCT
easat-2393	278	7	i.	i.	PROPN
easat-2393	278	8	,	,	PUNCT
easat-2393	278	9	&	&	CCONJ
easat-2393	278	10	hatta	hatta	PROPN
easat-2393	278	11	,	,	PUNCT
easat-2393	278	12	z.	z.	PROPN
easat-2393	278	13	a.	a.	PROPN
easat-2393	278	14	(	(	PUNCT
easat-2393	278	15	2013	2013	NUM
easat-2393	278	16	)	)	PUNCT
easat-2393	278	17	.	.	PUNCT
easat-2393	279	1	2008	2008	NUM
easat-2393	279	2	economics	economic	NOUN
easat-2393	279	3	crisis	crisis	NOUN
easat-2393	279	4	in	in	ADP
easat-2393	279	5	malaysia	malaysia	PROPN
easat-2393	279	6	 	 	SPACE
easat-2393	279	7	:	:	PUNCT
easat-2393	279	8	implications	implication	NOUN
easat-2393	279	9	on	on	ADP
easat-2393	279	10	the	the	DET
easat-2393	279	11	economy	economy	NOUN
easat-2393	279	12	,	,	PUNCT
easat-2393	279	13	society	society	NOUN
easat-2393	279	14	and	and	CCONJ
easat-2393	279	15	safety	safety	NOUN
easat-2393	279	16	nets	net	NOUN
easat-2393	279	17	.	.	PUNCT
easat-2393	280	1	international	international	ADJ
easat-2393	280	2	journal	journal	NOUN
easat-2393	280	3	of	of	ADP
easat-2393	280	4	business	business	NOUN
easat-2393	280	5	and	and	CCONJ
easat-2393	280	6	technopreneurship	technopreneurship	NOUN
easat-2393	280	7	,	,	PUNCT
easat-2393	280	8	3(june	3(june	NUM
easat-2393	280	9	2013	2013	NUM
easat-2393	280	10	)	)	PUNCT
easat-2393	280	11	,	,	PUNCT
easat-2393	280	12	261–276	261–276	NUM
easat-2393	280	13	.	.	PUNCT
easat-2393	281	1	[	[	X
easat-2393	281	2	2	2	NUM
easat-2393	281	3	]	]	PUNCT
easat-2393	281	4	andrikopoulos	andrikopoulo	NOUN
easat-2393	281	5	,	,	PUNCT
easat-2393	281	6	p.	p.	PROPN
easat-2393	281	7	,	,	PUNCT
easat-2393	281	8	kallinterakis	kallinterakis	PROPN
easat-2393	281	9	,	,	PUNCT
easat-2393	281	10	v.	v.	PROPN
easat-2393	281	11	,	,	PUNCT
easat-2393	281	12	pedro	pedro	PROPN
easat-2393	281	13	,	,	PUNCT
easat-2393	281	14	m.	m.	NOUN
easat-2393	281	15	,	,	PUNCT
easat-2393	281	16	ferreira	ferreira	PROPN
easat-2393	281	17	,	,	PUNCT
easat-2393	281	18	l.	l.	PROPN
easat-2393	281	19	,	,	PUNCT
easat-2393	281	20	&	&	CCONJ
easat-2393	281	21	verousis	verousis	NOUN
easat-2393	281	22	,	,	PUNCT
easat-2393	281	23	t.	t.	PROPN
easat-2393	281	24	(	(	PUNCT
easat-2393	281	25	2017	2017	NUM
easat-2393	281	26	)	)	PUNCT
easat-2393	281	27	.	.	PUNCT
easat-2393	282	1	intraday	intraday	PROPN
easat-2393	282	2	herding	herd	VERB
easat-2393	282	3	on	on	ADP
easat-2393	282	4	a	a	DET
easat-2393	282	5	cross	cross	ADJ
easat-2393	282	6	-	-	ADJ
easat-2393	282	7	border	border	ADJ
easat-2393	282	8	exchange	exchange	NOUN
easat-2393	282	9	.	.	PUNCT
easat-2393	283	1	international	international	ADJ
easat-2393	283	2	review	review	NOUN
easat-2393	283	3	of	of	ADP
easat-2393	283	4	financial	financial	ADJ
easat-2393	283	5	analysis	analysis	NOUN
easat-2393	283	6	,	,	PUNCT
easat-2393	283	7	53	53	NUM
easat-2393	283	8	,	,	PUNCT
easat-2393	283	9	25–36	25–36	NUM
easat-2393	283	10	.	.	PUNCT
easat-2393	284	1	[	[	X
easat-2393	284	2	3	3	NUM
easat-2393	284	3	]	]	SYM
easat-2393	284	4	arjoon	arjoon	NOUN
easat-2393	284	5	,	,	PUNCT
easat-2393	284	6	v.	v.	PROPN
easat-2393	284	7	,	,	PUNCT
easat-2393	284	8	bhatnagar	bhatnagar	PROPN
easat-2393	284	9	,	,	PUNCT
easat-2393	284	10	c.	c.	PROPN
easat-2393	284	11	s.	s.	PROPN
easat-2393	284	12	,	,	PUNCT
easat-2393	284	13	&	&	CCONJ
easat-2393	284	14	ramlakhan	ramlakhan	PROPN
easat-2393	284	15	,	,	PUNCT
easat-2393	284	16	p.	p.	NOUN
easat-2393	284	17	(	(	PUNCT
easat-2393	284	18	2020	2020	NUM
easat-2393	284	19	)	)	PUNCT
easat-2393	284	20	.	.	PUNCT
easat-2393	285	1	herding	herd	VERB
easat-2393	285	2	in	in	ADP
easat-2393	285	3	the	the	DET
easat-2393	285	4	singapore	singapore	PROPN
easat-2393	285	5	stock	stock	PROPN
easat-2393	285	6	exchange	exchange	PROPN
easat-2393	285	7	.	.	PUNCT
easat-2393	286	1	journal	journal	PROPN
easat-2393	286	2	of	of	ADP
easat-2393	286	3	economics	economic	NOUN
easat-2393	286	4	and	and	CCONJ
easat-2393	286	5	business	business	NOUN
easat-2393	286	6	,	,	PUNCT
easat-2393	286	7	109(march	109(march	PROPN
easat-2393	286	8	2019	2019	NUM
easat-2393	286	9	)	)	PUNCT
easat-2393	286	10	,	,	PUNCT
easat-2393	286	11	105889	105889	NUM
easat-2393	286	12	.	.	PUNCT
easat-2393	287	1	[	[	X
easat-2393	287	2	4	4	NUM
easat-2393	287	3	]	]	X
easat-2393	287	4	bensaïda	bensaïda	NOUN
easat-2393	287	5	,	,	PUNCT
easat-2393	287	6	a.	a.	NOUN
easat-2393	287	7	(	(	PUNCT
easat-2393	287	8	2017	2017	NUM
easat-2393	287	9	)	)	PUNCT
easat-2393	287	10	.	.	PUNCT
easat-2393	288	1	herding	herd	VERB
easat-2393	288	2	effect	effect	NOUN
easat-2393	288	3	on	on	ADP
easat-2393	288	4	idiosyncratic	idiosyncratic	ADJ
easat-2393	288	5	volatility	volatility	NOUN
easat-2393	288	6	in	in	ADP
easat-2393	288	7	u.s	u.s	PROPN
easat-2393	288	8	.	.	PROPN
easat-2393	288	9	industries	industry	NOUN
easat-2393	288	10	.	.	PUNCT
easat-2393	289	1	finance	finance	NOUN
easat-2393	289	2	research	research	NOUN
easat-2393	289	3	letters	letter	NOUN
easat-2393	289	4	,	,	PUNCT
easat-2393	289	5	23	23	NUM
easat-2393	289	6	,	,	PUNCT
easat-2393	289	7	121–132	121–132	NUM
easat-2393	289	8	.	.	PUNCT
easat-2393	290	1	caporale	caporale	NOUN
easat-2393	290	2	,	,	PUNCT
easat-2393	290	3	g.	g.	PROPN
easat-2393	290	4	m.	m.	PROPN
easat-2393	290	5	,	,	PUNCT
easat-2393	290	6	economou	economou	PROPN
easat-2393	290	7	,	,	PUNCT
easat-2393	290	8	f.	f.	PROPN
easat-2393	290	9	,	,	PUNCT
easat-2393	290	10	&	&	CCONJ
easat-2393	290	11	philippas	philippas	PROPN
easat-2393	290	12	,	,	PUNCT
easat-2393	290	13	n.	n.	NOUN
easat-2393	290	14	(	(	PUNCT
easat-2393	290	15	2008	2008	NUM
easat-2393	290	16	)	)	PUNCT
easat-2393	290	17	.	.	PUNCT
easat-2393	291	1	herd	herd	NOUN
easat-2393	291	2	behaviour	behaviour	NOUN
easat-2393	291	3	in	in	ADP
easat-2393	291	4	extreme	extreme	ADJ
easat-2393	291	5	market	market	NOUN
easat-2393	291	6	conditions	condition	NOUN
easat-2393	291	7	:	:	PUNCT
easat-2393	291	8	the	the	DET
easat-2393	291	9	case	case	NOUN
easat-2393	291	10	of	of	ADP
easat-2393	291	11	the	the	DET
easat-2393	291	12	athens	athens	PROPN
easat-2393	291	13	stock	stock	PROPN
easat-2393	291	14	exchange	exchange	PROPN
easat-2393	291	15	.	.	PUNCT
easat-2393	292	1	economics	economic	NOUN
easat-2393	292	2	bulletin	bulletin	PROPN
easat-2393	292	3	,	,	PUNCT
easat-2393	292	4	7(17	7(17	NUM
easat-2393	292	5	)	)	PUNCT
easat-2393	292	6	,	,	PUNCT
easat-2393	292	7	1–13	1–13	NOUN
easat-2393	292	8	.	.	PUNCT
easat-2393	293	1	[	[	X
easat-2393	293	2	5	5	NUM
easat-2393	293	3	]	]	X
easat-2393	293	4	chang	chang	PROPN
easat-2393	293	5	,	,	PUNCT
easat-2393	293	6	e.	e.	PROPN
easat-2393	293	7	c.	c.	PROPN
easat-2393	293	8	,	,	PUNCT
easat-2393	293	9	cheng	cheng	PROPN
easat-2393	293	10	,	,	PUNCT
easat-2393	293	11	j.	j.	PROPN
easat-2393	293	12	w.	w.	PROPN
easat-2393	293	13	,	,	PUNCT
easat-2393	293	14	&	&	CCONJ
easat-2393	293	15	khorana	khorana	PROPN
easat-2393	293	16	,	,	PUNCT
easat-2393	293	17	a.	a.	NOUN
easat-2393	293	18	(	(	PUNCT
easat-2393	293	19	2000	2000	NUM
easat-2393	293	20	)	)	PUNCT
easat-2393	293	21	.	.	PUNCT
easat-2393	294	1	an	an	DET
easat-2393	294	2	examination	examination	NOUN
easat-2393	294	3	of	of	ADP
easat-2393	294	4	herd	herd	NOUN
easat-2393	294	5	behavior	behavior	NOUN
easat-2393	294	6	in	in	ADP
easat-2393	294	7	equity	equity	NOUN
easat-2393	294	8	markets	market	NOUN
easat-2393	294	9	:	:	PUNCT
easat-2393	294	10	an	an	DET
easat-2393	294	11	international	international	ADJ
easat-2393	294	12	perspective	perspective	NOUN
easat-2393	294	13	.	.	PUNCT
easat-2393	295	1	journal	journal	NOUN
easat-2393	295	2	of	of	ADP
easat-2393	295	3	banking	banking	NOUN
easat-2393	295	4	&	&	CCONJ
easat-2393	295	5	finance	finance	PROPN
easat-2393	295	6	,	,	PUNCT
easat-2393	295	7	24(10	24(10	NUM
easat-2393	295	8	)	)	PUNCT
easat-2393	295	9	,	,	PUNCT
easat-2393	295	10	1651–1679	1651–1679	NUM
easat-2393	295	11	.	.	PUNCT
easat-2393	296	1	[	[	X
easat-2393	296	2	6	6	NUM
easat-2393	296	3	]	]	X
easat-2393	296	4	chaudhry	chaudhry	NOUN
easat-2393	296	5	,	,	PUNCT
easat-2393	296	6	m.	m.	NOUN
easat-2393	296	7	i.	i.	PROPN
easat-2393	296	8	,	,	PUNCT
easat-2393	296	9	&	&	CCONJ
easat-2393	296	10	sam	sam	PROPN
easat-2393	296	11	,	,	PUNCT
easat-2393	296	12	a.	a.	PROPN
easat-2393	296	13	g.	g.	PROPN
easat-2393	296	14	(	(	PUNCT
easat-2393	296	15	2018	2018	NUM
easat-2393	296	16	)	)	PUNCT
easat-2393	296	17	.	.	PUNCT
easat-2393	297	1	herding	herd	VERB
easat-2393	297	2	behaviour	behaviour	NOUN
easat-2393	297	3	and	and	CCONJ
easat-2393	297	4	the	the	DET
easat-2393	297	5	declining	decline	VERB
easat-2393	297	6	value	value	NOUN
easat-2393	297	7	relevance	relevance	NOUN
easat-2393	297	8	of	of	ADP
easat-2393	297	9	accounting	accounting	NOUN
easat-2393	297	10	information	information	NOUN
easat-2393	297	11	:	:	PUNCT
easat-2393	297	12	evidence	evidence	NOUN
easat-2393	297	13	from	from	ADP
easat-2393	297	14	an	an	DET
easat-2393	297	15	emerging	emerge	VERB
easat-2393	297	16	stock	stock	NOUN
easat-2393	297	17	market	market	NOUN
easat-2393	297	18	.	.	PUNCT
easat-2393	298	1	applied	apply	VERB
easat-2393	298	2	economics	economic	NOUN
easat-2393	298	3	,	,	PUNCT
easat-2393	298	4	50(49	50(49	NUM
easat-2393	298	5	)	)	PUNCT
easat-2393	298	6	,	,	PUNCT
easat-2393	298	7	5335–5353	5335–5353	NUM
easat-2393	298	8	.	.	PUNCT
easat-2393	299	1	[	[	X
easat-2393	299	2	7	7	NUM
easat-2393	299	3	]	]	X
easat-2393	299	4	chiang	chiang	PROPN
easat-2393	299	5	,	,	PUNCT
easat-2393	299	6	t.	t.	PROPN
easat-2393	299	7	c.	c.	PROPN
easat-2393	299	8	,	,	PUNCT
easat-2393	299	9	li	li	PROPN
easat-2393	299	10	,	,	PUNCT
easat-2393	299	11	j.	j.	PROPN
easat-2393	299	12	,	,	PUNCT
easat-2393	299	13	tan	tan	PROPN
easat-2393	299	14	,	,	PUNCT
easat-2393	299	15	l.	l.	PROPN
easat-2393	299	16	,	,	PUNCT
easat-2393	299	17	&	&	CCONJ
easat-2393	299	18	nelling	nelling	PROPN
easat-2393	299	19	,	,	PUNCT
easat-2393	299	20	e.	e.	PROPN
easat-2393	299	21	(	(	PUNCT
easat-2393	299	22	2013	2013	NUM
easat-2393	299	23	)	)	PUNCT
easat-2393	299	24	.	.	PUNCT
easat-2393	300	1	dynamic	dynamic	ADJ
easat-2393	300	2	herding	herding	NOUN
easat-2393	300	3	behavior	behavior	NOUN
easat-2393	300	4	in	in	ADP
easat-2393	300	5	pacific	pacific	ADJ
easat-2393	300	6	-	-	PUNCT
easat-2393	300	7	basin	basin	NOUN
easat-2393	300	8	markets	market	NOUN
easat-2393	300	9	 	 	SPACE
easat-2393	300	10	:	:	PUNCT
easat-2393	300	11	evidence	evidence	NOUN
easat-2393	300	12	and	and	CCONJ
easat-2393	300	13	implications	implication	NOUN
easat-2393	300	14	.	.	PUNCT
easat-2393	301	1	multinational	multinational	ADJ
easat-2393	301	2	finance	finance	NOUN
easat-2393	301	3	journal	journal	NOUN
easat-2393	301	4	,	,	PUNCT
easat-2393	301	5	17(3/4	17(3/4	NUM
easat-2393	301	6	)	)	PUNCT
easat-2393	301	7	,	,	PUNCT
easat-2393	301	8	165–200	165–200	NUM
easat-2393	301	9	.	.	PUNCT
easat-2393	302	1	[	[	X
easat-2393	302	2	8	8	NUM
easat-2393	302	3	]	]	X
easat-2393	302	4	chiang	chiang	PROPN
easat-2393	302	5	,	,	PUNCT
easat-2393	302	6	t.	t.	PROPN
easat-2393	302	7	c.	c.	PROPN
easat-2393	302	8	,	,	PUNCT
easat-2393	302	9	&	&	CCONJ
easat-2393	302	10	zheng	zheng	PROPN
easat-2393	302	11	,	,	PUNCT
easat-2393	302	12	d.	d.	PROPN
easat-2393	302	13	(	(	PUNCT
easat-2393	302	14	2010	2010	NUM
easat-2393	302	15	)	)	PUNCT
easat-2393	302	16	.	.	PUNCT
easat-2393	303	1	an	an	DET
easat-2393	303	2	empirical	empirical	ADJ
easat-2393	303	3	analysis	analysis	NOUN
easat-2393	303	4	of	of	ADP
easat-2393	303	5	herd	herd	NOUN
easat-2393	303	6	behavior	behavior	NOUN
easat-2393	303	7	in	in	ADP
easat-2393	303	8	global	global	ADJ
easat-2393	303	9	stock	stock	NOUN
easat-2393	303	10	markets	market	NOUN
easat-2393	303	11	.	.	PUNCT
easat-2393	304	1	journal	journal	NOUN
easat-2393	304	2	of	of	ADP
easat-2393	304	3	banking	banking	NOUN
easat-2393	304	4	and	and	CCONJ
easat-2393	304	5	finance	finance	NOUN
easat-2393	304	6	,	,	PUNCT
easat-2393	304	7	34(8	34(8	NUM
easat-2393	304	8	)	)	PUNCT
easat-2393	304	9	,	,	PUNCT
easat-2393	304	10	1911–1921	1911–1921	NUM
easat-2393	304	11	.	.	PUNCT
easat-2393	305	1	[	[	X
easat-2393	305	2	9	9	NUM
easat-2393	305	3	]	]	PUNCT
easat-2393	305	4	choi	choi	NOUN
easat-2393	305	5	,	,	PUNCT
easat-2393	305	6	k.	k.	PROPN
easat-2393	305	7	h.	h.	PROPN
easat-2393	305	8	,	,	PUNCT
easat-2393	305	9	&	&	CCONJ
easat-2393	305	10	yoon	yoon	PROPN
easat-2393	305	11	,	,	PUNCT
easat-2393	305	12	s.	s.	PROPN
easat-2393	305	13	m.	m.	PROPN
easat-2393	305	14	(	(	PUNCT
easat-2393	305	15	2020	2020	NUM
easat-2393	305	16	)	)	PUNCT
easat-2393	305	17	.	.	PUNCT
easat-2393	306	1	investor	investor	NOUN
easat-2393	306	2	sentiment	sentiment	NOUN
easat-2393	306	3	and	and	CCONJ
easat-2393	306	4	herding	herding	NOUN
easat-2393	306	5	behavior	behavior	NOUN
easat-2393	306	6	in	in	ADP
easat-2393	306	7	the	the	DET
easat-2393	306	8	korean	korean	ADJ
easat-2393	306	9	stock	stock	NOUN
easat-2393	306	10	market	market	NOUN
easat-2393	306	11	.	.	PUNCT
easat-2393	307	1	international	international	ADJ
easat-2393	307	2	journal	journal	PROPN
easat-2393	307	3	of	of	ADP
easat-2393	307	4	financial	financial	ADJ
easat-2393	307	5	studies	study	NOUN
easat-2393	307	6	,	,	PUNCT
easat-2393	307	7	8(2	8(2	NUM
easat-2393	307	8	)	)	PUNCT
easat-2393	307	9	,	,	PUNCT
easat-2393	307	10	1–14	1–14	PROPN
easat-2393	307	11	.	.	PUNCT
easat-2393	307	12	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-2393	307	13	2131	2131	NUM
easat-2393	307	14	edelweiss	edelweiss	PROPN
easat-2393	307	15	applied	apply	VERB
easat-2393	307	16	science	science	NOUN
easat-2393	307	17	and	and	CCONJ
easat-2393	307	18	technology	technology	NOUN
easat-2393	307	19	issn	issn	PROPN
easat-2393	307	20	:	:	PUNCT
easat-2393	307	21	2576	2576	NUM
easat-2393	307	22	-	-	SYM
easat-2393	307	23	8484	8484	NUM
easat-2393	307	24	vol	vol	NOUN
easat-2393	307	25	.	.	PROPN
easat-2393	307	26	8	8	NUM
easat-2393	307	27	,	,	PUNCT
easat-2393	307	28	no	no	INTJ
easat-2393	307	29	.	.	NOUN
easat-2393	307	30	6	6	NUM
easat-2393	307	31	:	:	SYM
easat-2393	307	32	2121	2121	NUM
easat-2393	307	33	-	-	SYM
easat-2393	307	34	2132	2132	NUM
easat-2393	307	35	,	,	PUNCT
easat-2393	307	36	2024	2024	NUM
easat-2393	307	37	doi	doi	NOUN
easat-2393	307	38	:	:	PUNCT
easat-2393	307	39	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	307	40	©	©	PROPN
easat-2393	307	41	2024	2024	NUM
easat-2393	307	42	by	by	ADP
easat-2393	307	43	the	the	DET
easat-2393	307	44	authors	author	NOUN
easat-2393	307	45	;	;	PUNCT
easat-2393	307	46	licensee	licensee	PROPN
easat-2393	307	47	learning	learning	NOUN
easat-2393	307	48	gate	gate	NOUN
easat-2393	308	1	[	[	X
easat-2393	308	2	10	10	NUM
easat-2393	308	3	]	]	X
easat-2393	308	4	christie	christie	PROPN
easat-2393	308	5	,	,	PUNCT
easat-2393	308	6	w.	w.	PROPN
easat-2393	308	7	g.	g.	PROPN
easat-2393	308	8	,	,	PUNCT
easat-2393	308	9	&	&	CCONJ
easat-2393	308	10	huang	huang	PROPN
easat-2393	308	11	,	,	PUNCT
easat-2393	308	12	r.	r.	PROPN
easat-2393	308	13	d.	d.	PROPN
easat-2393	308	14	(	(	PUNCT
easat-2393	308	15	1995	1995	NUM
easat-2393	308	16	)	)	PUNCT
easat-2393	308	17	.	.	PUNCT
easat-2393	309	1	following	follow	VERB
easat-2393	309	2	the	the	DET
easat-2393	309	3	pied	pied	ADJ
easat-2393	309	4	piper	piper	NOUN
easat-2393	309	5	:	:	PUNCT
easat-2393	309	6	do	do	VERB
easat-2393	309	7	individual	individual	ADJ
easat-2393	309	8	returns	return	NOUN
easat-2393	309	9	herd	herd	VERB
easat-2393	309	10	around	around	ADP
easat-2393	309	11	the	the	DET
easat-2393	309	12	market	market	NOUN
easat-2393	309	13	?	?	PUNCT
easat-2393	310	1	financial	financial	ADJ
easat-2393	310	2	analysts	analyst	NOUN
easat-2393	310	3	journal	journal	NOUN
easat-2393	310	4	,	,	PUNCT
easat-2393	310	5	51(4	51(4	NUM
easat-2393	310	6	)	)	PUNCT
easat-2393	310	7	,	,	PUNCT
easat-2393	310	8	31–37	31–37	NOUN
easat-2393	310	9	.	.	PUNCT
easat-2393	311	1	[	[	X
easat-2393	311	2	11	11	NUM
easat-2393	311	3	]	]	X
easat-2393	311	4	dickey	dickey	PROPN
easat-2393	311	5	,	,	PUNCT
easat-2393	311	6	d.	d.	PROPN
easat-2393	311	7	a.	a.	PROPN
easat-2393	311	8	,	,	PUNCT
easat-2393	311	9	&	&	CCONJ
easat-2393	311	10	fuller	full	ADJ
easat-2393	311	11	,	,	PUNCT
easat-2393	311	12	w.	w.	PROPN
easat-2393	311	13	a.	a.	PROPN
easat-2393	311	14	(	(	PUNCT
easat-2393	311	15	1979	1979	NUM
easat-2393	311	16	)	)	PUNCT
easat-2393	311	17	.	.	PUNCT
easat-2393	312	1	distribution	distribution	NOUN
easat-2393	312	2	of	of	ADP
easat-2393	312	3	the	the	DET
easat-2393	312	4	estimators	estimator	NOUN
easat-2393	312	5	for	for	ADP
easat-2393	312	6	autoregressive	autoregressive	ADJ
easat-2393	312	7	time	time	NOUN
easat-2393	312	8	series	series	NOUN
easat-2393	312	9	with	with	ADP
easat-2393	312	10	a	a	DET
easat-2393	312	11	unit	unit	NOUN
easat-2393	312	12	root	root	NOUN
easat-2393	312	13	distribution	distribution	NOUN
easat-2393	312	14	of	of	ADP
easat-2393	312	15	the	the	DET
easat-2393	312	16	estimators	estimator	NOUN
easat-2393	312	17	for	for	ADP
easat-2393	312	18	autoregressive	autoregressive	ADJ
easat-2393	312	19	time	time	NOUN
easat-2393	312	20	series	series	NOUN
easat-2393	312	21	with	with	ADP
easat-2393	312	22	a	a	DET
easat-2393	312	23	unit	unit	NOUN
easat-2393	312	24	root	root	NOUN
easat-2393	312	25	.	.	PUNCT
easat-2393	313	1	journal	journal	NOUN
easat-2393	313	2	of	of	ADP
easat-2393	313	3	the	the	DET
easat-2393	313	4	american	american	PROPN
easat-2393	313	5	statistical	statistical	PROPN
easat-2393	313	6	association	association	PROPN
easat-2393	313	7	,	,	PUNCT
easat-2393	313	8	74:366a	74:366a	PROPN
easat-2393	313	9	,	,	PUNCT
easat-2393	313	10	427–431	427–431	NUM
easat-2393	313	11	.	.	PUNCT
easat-2393	314	1	[	[	X
easat-2393	314	2	12	12	NUM
easat-2393	314	3	]	]	SYM
easat-2393	314	4	economou	economou	PROPN
easat-2393	314	5	,	,	PUNCT
easat-2393	314	6	f.	f.	PROPN
easat-2393	314	7	,	,	PUNCT
easat-2393	314	8	hassapis	hassapis	INTJ
easat-2393	314	9	,	,	PUNCT
easat-2393	314	10	c.	c.	PROPN
easat-2393	314	11	,	,	PUNCT
easat-2393	314	12	&	&	CCONJ
easat-2393	314	13	philippas	philippas	PROPN
easat-2393	314	14	,	,	PUNCT
easat-2393	314	15	n.	n.	NOUN
easat-2393	314	16	(	(	PUNCT
easat-2393	314	17	2018	2018	NUM
easat-2393	314	18	)	)	PUNCT
easat-2393	314	19	.	.	PUNCT
easat-2393	315	1	investors	investor	NOUN
easat-2393	315	2	’	'	PUNCT
easat-2393	315	3	fear	fear	VERB
easat-2393	315	4	and	and	CCONJ
easat-2393	315	5	herding	herd	VERB
easat-2393	315	6	in	in	ADP
easat-2393	315	7	the	the	DET
easat-2393	315	8	stock	stock	NOUN
easat-2393	315	9	market	market	NOUN
easat-2393	315	10	.	.	PUNCT
easat-2393	316	1	applied	apply	VERB
easat-2393	316	2	economics	economic	NOUN
easat-2393	316	3	,	,	PUNCT
easat-2393	316	4	pp	pp	ADP
easat-2393	316	5	.	.	PUNCT
easat-2393	317	1	1–10	1–10	NOUN
easat-2393	317	2	.	.	PUNCT
easat-2393	318	1	[	[	X
easat-2393	318	2	13	13	NUM
easat-2393	318	3	]	]	SYM
easat-2393	318	4	economou	economou	PROPN
easat-2393	318	5	,	,	PUNCT
easat-2393	318	6	f.	f.	PROPN
easat-2393	318	7	,	,	PUNCT
easat-2393	318	8	katsikas	katsikas	PROPN
easat-2393	318	9	,	,	PUNCT
easat-2393	318	10	e.	e.	PROPN
easat-2393	318	11	,	,	PUNCT
easat-2393	318	12	&	&	CCONJ
easat-2393	318	13	vickers	vickers	PROPN
easat-2393	318	14	,	,	PUNCT
easat-2393	318	15	g.	g.	PROPN
easat-2393	318	16	(	(	PUNCT
easat-2393	318	17	2016	2016	NUM
easat-2393	318	18	)	)	PUNCT
easat-2393	318	19	.	.	PUNCT
easat-2393	319	1	testing	test	VERB
easat-2393	319	2	for	for	ADP
easat-2393	319	3	herding	herd	VERB
easat-2393	319	4	in	in	ADP
easat-2393	319	5	the	the	DET
easat-2393	319	6	athens	athens	PROPN
easat-2393	319	7	stock	stock	PROPN
easat-2393	319	8	exchange	exchange	PROPN
easat-2393	319	9	during	during	ADP
easat-2393	319	10	the	the	DET
easat-2393	319	11	crisis	crisis	NOUN
easat-2393	319	12	period	period	NOUN
easat-2393	319	13	.	.	PUNCT
easat-2393	320	1	finance	finance	NOUN
easat-2393	320	2	research	research	NOUN
easat-2393	320	3	letters	letter	NOUN
easat-2393	320	4	,	,	PUNCT
easat-2393	320	5	18	18	NUM
easat-2393	320	6	,	,	PUNCT
easat-2393	320	7	334–341	334–341	NUM
easat-2393	320	8	.	.	PUNCT
easat-2393	321	1	[	[	X
easat-2393	321	2	14	14	NUM
easat-2393	321	3	]	]	X
easat-2393	321	4	espinosa	espinosa	NOUN
easat-2393	321	5	-	-	PUNCT
easat-2393	321	6	méndez	méndez	PROPN
easat-2393	321	7	,	,	PUNCT
easat-2393	321	8	c.	c.	NOUN
easat-2393	321	9	(	(	PUNCT
easat-2393	321	10	2021	2021	NUM
easat-2393	321	11	)	)	PUNCT
easat-2393	321	12	.	.	PUNCT
easat-2393	322	1	civil	civil	ADJ
easat-2393	322	2	unrest	unrest	NOUN
easat-2393	322	3	and	and	CCONJ
easat-2393	322	4	herding	herding	NOUN
easat-2393	322	5	behavior	behavior	NOUN
easat-2393	322	6	:	:	PUNCT
easat-2393	322	7	evidence	evidence	NOUN
easat-2393	322	8	in	in	ADP
easat-2393	322	9	an	an	DET
easat-2393	322	10	emerging	emerge	VERB
easat-2393	322	11	market	market	NOUN
easat-2393	322	12	.	.	PUNCT
easat-2393	323	1	economic	economic	ADJ
easat-2393	323	2	researchekonomska	researchekonomska	PROPN
easat-2393	323	3	istrazivanja	istrazivanja	PROPN
easat-2393	323	4	,	,	PUNCT
easat-2393	323	5	0(0	0(0	NUM
easat-2393	323	6	)	)	PUNCT
easat-2393	323	7	,	,	PUNCT
easat-2393	323	8	1–19	1–19	NOUN
easat-2393	323	9	.	.	PUNCT
easat-2393	324	1	[	[	X
easat-2393	324	2	15	15	NUM
easat-2393	324	3	]	]	X
easat-2393	324	4	fama	fama	PROPN
easat-2393	324	5	,	,	PUNCT
easat-2393	324	6	e.	e.	PROPN
easat-2393	324	7	f.	f.	PROPN
easat-2393	324	8	(	(	PUNCT
easat-2393	324	9	1970	1970	NUM
easat-2393	324	10	)	)	PUNCT
easat-2393	324	11	.	.	PUNCT
easat-2393	325	1	efficient	efficient	ADJ
easat-2393	325	2	capital	capital	NOUN
easat-2393	325	3	markets	market	NOUN
easat-2393	325	4	:	:	PUNCT
easat-2393	325	5	a	a	DET
easat-2393	325	6	review	review	NOUN
easat-2393	325	7	of	of	ADP
easat-2393	325	8	theory	theory	NOUN
easat-2393	325	9	and	and	CCONJ
easat-2393	325	10	empirical	empirical	ADJ
easat-2393	325	11	work	work	NOUN
easat-2393	325	12	.	.	PUNCT
easat-2393	326	1	the	the	DET
easat-2393	326	2	journal	journal	PROPN
easat-2393	326	3	of	of	ADP
easat-2393	326	4	finance	finance	NOUN
easat-2393	326	5	,	,	PUNCT
easat-2393	326	6	25(2	25(2	NUM
easat-2393	326	7	)	)	PUNCT
easat-2393	326	8	,	,	PUNCT
easat-2393	326	9	383–417	383–417	NUM
easat-2393	326	10	.	.	PUNCT
easat-2393	327	1	[	[	X
easat-2393	327	2	16	16	NUM
easat-2393	327	3	]	]	X
easat-2393	327	4	gabbori	gabbori	NOUN
easat-2393	327	5	,	,	PUNCT
easat-2393	327	6	d.	d.	PROPN
easat-2393	327	7	,	,	PUNCT
easat-2393	327	8	awartani	awartani	PROPN
easat-2393	327	9	,	,	PUNCT
easat-2393	327	10	b.	b.	PROPN
easat-2393	327	11	,	,	PUNCT
easat-2393	327	12	maghyereh	maghyereh	NOUN
easat-2393	327	13	,	,	PUNCT
easat-2393	327	14	a.	a.	PROPN
easat-2393	327	15	,	,	PUNCT
easat-2393	327	16	&	&	CCONJ
easat-2393	327	17	virk	virk	PROPN
easat-2393	327	18	,	,	PUNCT
easat-2393	327	19	n.	n.	NOUN
easat-2393	327	20	(	(	PUNCT
easat-2393	327	21	2021	2021	NUM
easat-2393	327	22	)	)	PUNCT
easat-2393	327	23	.	.	PUNCT
easat-2393	328	1	opec	opec	PROPN
easat-2393	328	2	meetings	meeting	NOUN
easat-2393	328	3	,	,	PUNCT
easat-2393	328	4	oil	oil	NOUN
easat-2393	328	5	market	market	NOUN
easat-2393	328	6	volatility	volatility	NOUN
easat-2393	328	7	and	and	CCONJ
easat-2393	328	8	herding	herding	NOUN
easat-2393	328	9	behaviour	behaviour	NOUN
easat-2393	328	10	in	in	ADP
easat-2393	328	11	the	the	DET
easat-2393	328	12	saudi	saudi	PROPN
easat-2393	328	13	arabia	arabia	PROPN
easat-2393	328	14	stock	stock	NOUN
easat-2393	328	15	market	market	NOUN
easat-2393	328	16	.	.	PUNCT
easat-2393	329	1	international	international	ADJ
easat-2393	329	2	journal	journal	PROPN
easat-2393	329	3	of	of	ADP
easat-2393	329	4	finance	finance	NOUN
easat-2393	329	5	and	and	CCONJ
easat-2393	329	6	economics	economic	NOUN
easat-2393	329	7	,	,	PUNCT
easat-2393	329	8	26(1	26(1	NUM
easat-2393	329	9	)	)	PUNCT
easat-2393	329	10	,	,	PUNCT
easat-2393	329	11	870–888	870–888	NUM
easat-2393	329	12	.	.	PUNCT
easat-2393	330	1	[	[	X
easat-2393	330	2	17	17	NUM
easat-2393	330	3	]	]	X
easat-2393	330	4	galariotis	galariotis	PROPN
easat-2393	330	5	,	,	PUNCT
easat-2393	330	6	e.	e.	PROPN
easat-2393	330	7	c.	c.	PROPN
easat-2393	330	8	,	,	PUNCT
easat-2393	330	9	rong	rong	PROPN
easat-2393	330	10	,	,	PUNCT
easat-2393	330	11	w.	w.	PROPN
easat-2393	330	12	,	,	PUNCT
easat-2393	330	13	&	&	CCONJ
easat-2393	330	14	spyrou	spyrou	NOUN
easat-2393	330	15	,	,	PUNCT
easat-2393	330	16	s.	s.	PROPN
easat-2393	330	17	i.	i.	PROPN
easat-2393	330	18	(	(	PUNCT
easat-2393	330	19	2015	2015	NUM
easat-2393	330	20	)	)	PUNCT
easat-2393	330	21	.	.	PUNCT
easat-2393	331	1	herding	herd	VERB
easat-2393	331	2	on	on	ADP
easat-2393	331	3	fundamental	fundamental	ADJ
easat-2393	331	4	information	information	NOUN
easat-2393	331	5	:	:	PUNCT
easat-2393	331	6	a	a	DET
easat-2393	331	7	comparative	comparative	ADJ
easat-2393	331	8	study	study	NOUN
easat-2393	331	9	.	.	PUNCT
easat-2393	332	1	journal	journal	NOUN
easat-2393	332	2	of	of	ADP
easat-2393	332	3	banking	banking	NOUN
easat-2393	332	4	and	and	CCONJ
easat-2393	332	5	finance	finance	NOUN
easat-2393	332	6	,	,	PUNCT
easat-2393	332	7	50	50	NUM
easat-2393	332	8	,	,	PUNCT
easat-2393	332	9	589–598	589–598	NUM
easat-2393	332	10	.	.	PUNCT
easat-2393	333	1	[	[	X
easat-2393	333	2	18	18	NUM
easat-2393	333	3	]	]	X
easat-2393	333	4	gleason	gleason	PROPN
easat-2393	333	5	,	,	PUNCT
easat-2393	333	6	k.	k.	PROPN
easat-2393	333	7	c.	c.	PROPN
easat-2393	333	8	,	,	PUNCT
easat-2393	333	9	mathur	mathur	PROPN
easat-2393	333	10	,	,	PUNCT
easat-2393	333	11	i.	i.	PROPN
easat-2393	333	12	,	,	PUNCT
easat-2393	333	13	&	&	CCONJ
easat-2393	333	14	peterson	peterson	PROPN
easat-2393	333	15	,	,	PUNCT
easat-2393	333	16	m.	m.	NOUN
easat-2393	333	17	a.	a.	PROPN
easat-2393	333	18	(	(	PUNCT
easat-2393	333	19	2004	2004	NUM
easat-2393	333	20	)	)	PUNCT
easat-2393	333	21	.	.	PUNCT
easat-2393	334	1	analysis	analysis	NOUN
easat-2393	334	2	of	of	ADP
easat-2393	334	3	intraday	intraday	NOUN
easat-2393	334	4	herding	herding	NOUN
easat-2393	334	5	behavior	behavior	NOUN
easat-2393	334	6	among	among	ADP
easat-2393	334	7	the	the	DET
easat-2393	334	8	sector	sector	NOUN
easat-2393	334	9	etfs	etfs	PROPN
easat-2393	334	10	.	.	PUNCT
easat-2393	335	1	journal	journal	PROPN
easat-2393	335	2	of	of	ADP
easat-2393	335	3	empirical	empirical	ADJ
easat-2393	335	4	finance	finance	NOUN
easat-2393	335	5	,	,	PUNCT
easat-2393	335	6	11(5	11(5	NUM
easat-2393	335	7	)	)	PUNCT
easat-2393	335	8	,	,	PUNCT
easat-2393	335	9	681–694	681–694	NUM
easat-2393	335	10	.	.	PUNCT
easat-2393	336	1	[	[	X
easat-2393	336	2	19	19	NUM
easat-2393	336	3	]	]	PUNCT
easat-2393	336	4	guglielmo	guglielmo	PROPN
easat-2393	336	5	maria	maria	PROPN
easat-2393	336	6	caporale	caporale	PROPN
easat-2393	336	7	,	,	PUNCT
easat-2393	336	8	fotini	fotini	NOUN
easat-2393	336	9	economou	economou	ADV
easat-2393	336	10	,	,	PUNCT
easat-2393	336	11	n.	n.	PROPN
easat-2393	336	12	p.	p.	PROPN
easat-2393	336	13	(	(	PUNCT
easat-2393	336	14	2008	2008	NUM
easat-2393	336	15	)	)	PUNCT
easat-2393	336	16	.	.	PUNCT
easat-2393	337	1	herding	herd	VERB
easat-2393	337	2	behaviour	behaviour	NOUN
easat-2393	337	3	in	in	ADP
easat-2393	337	4	extreme	extreme	ADJ
easat-2393	337	5	market	market	NOUN
easat-2393	337	6	conditions	condition	NOUN
easat-2393	337	7	:	:	PUNCT
easat-2393	337	8	the	the	DET
easat-2393	337	9	case	case	NOUN
easat-2393	337	10	of	of	ADP
easat-2393	337	11	the	the	DET
easat-2393	337	12	athens	athens	PROPN
easat-2393	337	13	stock	stock	PROPN
easat-2393	337	14	exchange	exchange	PROPN
easat-2393	337	15	.	.	PUNCT
easat-2393	338	1	economics	economic	NOUN
easat-2393	338	2	bulletin	bulletin	PROPN
easat-2393	338	3	,	,	PUNCT
easat-2393	338	4	7(17	7(17	NUM
easat-2393	338	5	)	)	PUNCT
easat-2393	338	6	,	,	PUNCT
easat-2393	338	7	1–13	1–13	NOUN
easat-2393	338	8	.	.	PUNCT
easat-2393	339	1	[	[	X
easat-2393	339	2	20	20	NUM
easat-2393	339	3	]	]	SYM
easat-2393	339	4	guney	guney	NOUN
easat-2393	339	5	,	,	PUNCT
easat-2393	339	6	y.	y.	PROPN
easat-2393	339	7	,	,	PUNCT
easat-2393	339	8	kallinterakis	kallinterakis	PROPN
easat-2393	339	9	,	,	PUNCT
easat-2393	339	10	v.	v.	ADV
easat-2393	339	11	,	,	PUNCT
easat-2393	339	12	&	&	CCONJ
easat-2393	339	13	komba	komba	PROPN
easat-2393	339	14	,	,	PUNCT
easat-2393	339	15	g.	g.	PROPN
easat-2393	339	16	(	(	PUNCT
easat-2393	339	17	2017	2017	NUM
easat-2393	339	18	)	)	PUNCT
easat-2393	339	19	.	.	PUNCT
easat-2393	340	1	herding	herd	VERB
easat-2393	340	2	in	in	ADP
easat-2393	340	3	frontier	frontier	NOUN
easat-2393	340	4	markets	market	NOUN
easat-2393	340	5	:	:	PUNCT
easat-2393	340	6	evidence	evidence	NOUN
easat-2393	340	7	from	from	ADP
easat-2393	340	8	african	african	ADJ
easat-2393	340	9	stock	stock	NOUN
easat-2393	340	10	exchanges	exchange	NOUN
easat-2393	340	11	.	.	PUNCT
easat-2393	341	1	journal	journal	PROPN
easat-2393	341	2	of	of	ADP
easat-2393	341	3	international	international	ADJ
easat-2393	341	4	financial	financial	ADJ
easat-2393	341	5	markets	market	NOUN
easat-2393	341	6	,	,	PUNCT
easat-2393	341	7	institutions	institution	NOUN
easat-2393	341	8	and	and	CCONJ
easat-2393	341	9	money	money	NOUN
easat-2393	341	10	,	,	PUNCT
easat-2393	341	11	47	47	NUM
easat-2393	341	12	,	,	PUNCT
easat-2393	341	13	152–175	152–175	NUM
easat-2393	341	14	.	.	PUNCT
easat-2393	342	1	[	[	X
easat-2393	342	2	21	21	NUM
easat-2393	342	3	]	]	SYM
easat-2393	342	4	hirshleifer	hirshleifer	NOUN
easat-2393	342	5	,	,	PUNCT
easat-2393	342	6	d.	d.	PROPN
easat-2393	342	7	,	,	PUNCT
easat-2393	342	8	subrahmanyam	subrahmanyam	PROPN
easat-2393	342	9	,	,	PUNCT
easat-2393	342	10	a.	a.	PROPN
easat-2393	342	11	,	,	PUNCT
easat-2393	342	12	&	&	CCONJ
easat-2393	342	13	titman	titman	PROPN
easat-2393	342	14	,	,	PUNCT
easat-2393	342	15	s.	s.	PROPN
easat-2393	342	16	(	(	PUNCT
easat-2393	342	17	1994	1994	NUM
easat-2393	342	18	)	)	PUNCT
easat-2393	342	19	.	.	PUNCT
easat-2393	343	1	security	security	NOUN
easat-2393	343	2	analysis	analysis	NOUN
easat-2393	343	3	and	and	CCONJ
easat-2393	343	4	trading	trading	NOUN
easat-2393	343	5	patterns	pattern	NOUN
easat-2393	343	6	when	when	SCONJ
easat-2393	343	7	some	some	DET
easat-2393	343	8	investors	investor	NOUN
easat-2393	343	9	receive	receive	VERB
easat-2393	343	10	information	information	NOUN
easat-2393	343	11	before	before	ADP
easat-2393	343	12	others	other	NOUN
easat-2393	343	13	.	.	PUNCT
easat-2393	344	1	the	the	DET
easat-2393	344	2	journal	journal	PROPN
easat-2393	344	3	of	of	ADP
easat-2393	344	4	finance	finance	NOUN
easat-2393	344	5	,	,	PUNCT
easat-2393	344	6	49(5	49(5	NUM
easat-2393	344	7	)	)	PUNCT
easat-2393	344	8	,	,	PUNCT
easat-2393	344	9	1665–1698	1665–1698	NUM
easat-2393	344	10	.	.	PUNCT
easat-2393	344	11	https://doi.org/10.1111/j.15406261.1994.tb04777.x	https://doi.org/10.1111/j.15406261.1994.tb04777.x	PUNCT
easat-2393	345	1	[	[	X
easat-2393	345	2	22	22	NUM
easat-2393	345	3	]	]	X
easat-2393	345	4	hott	hott	NOUN
easat-2393	345	5	,	,	PUNCT
easat-2393	345	6	c.	c.	PROPN
easat-2393	345	7	(	(	PUNCT
easat-2393	345	8	2009	2009	NUM
easat-2393	345	9	)	)	PUNCT
easat-2393	345	10	.	.	PUNCT
easat-2393	346	1	herding	herd	VERB
easat-2393	346	2	behavior	behavior	NOUN
easat-2393	346	3	in	in	ADP
easat-2393	346	4	asset	asset	NOUN
easat-2393	346	5	markets	market	NOUN
easat-2393	346	6	.	.	PUNCT
easat-2393	347	1	journal	journal	NOUN
easat-2393	347	2	of	of	ADP
easat-2393	347	3	financial	financial	ADJ
easat-2393	347	4	stability	stability	NOUN
easat-2393	347	5	,	,	PUNCT
easat-2393	347	6	5(1	5(1	NUM
easat-2393	347	7	)	)	PUNCT
easat-2393	347	8	,	,	PUNCT
easat-2393	347	9	35–56	35–56	NUM
easat-2393	347	10	.	.	PUNCT
easat-2393	348	1	[	[	X
easat-2393	348	2	23	23	NUM
easat-2393	348	3	]	]	X
easat-2393	348	4	kabir	kabir	PROPN
easat-2393	348	5	,	,	PUNCT
easat-2393	348	6	m.	m.	PROPN
easat-2393	348	7	h.	h.	PROPN
easat-2393	348	8	,	,	PUNCT
easat-2393	348	9	&	&	CCONJ
easat-2393	348	10	shakur	shakur	PROPN
easat-2393	348	11	,	,	PUNCT
easat-2393	348	12	s.	s.	PROPN
easat-2393	348	13	(	(	PUNCT
easat-2393	348	14	2018	2018	NUM
easat-2393	348	15	)	)	PUNCT
easat-2393	348	16	.	.	PUNCT
easat-2393	349	1	regime	regime	NOUN
easat-2393	349	2	-	-	PUNCT
easat-2393	349	3	dependent	dependent	ADJ
easat-2393	349	4	herding	herding	NOUN
easat-2393	349	5	behavior	behavior	NOUN
easat-2393	349	6	in	in	ADP
easat-2393	349	7	asian	asian	ADJ
easat-2393	349	8	and	and	CCONJ
easat-2393	349	9	latin	latin	ADJ
easat-2393	349	10	american	american	ADJ
easat-2393	349	11	stock	stock	NOUN
easat-2393	349	12	markets	market	NOUN
easat-2393	349	13	.	.	PUNCT
easat-2393	350	1	pacific	pacific	ADJ
easat-2393	350	2	-	-	PUNCT
easat-2393	350	3	basin	basin	NOUN
easat-2393	350	4	finance	finance	NOUN
easat-2393	350	5	journal	journal	NOUN
easat-2393	350	6	,	,	PUNCT
easat-2393	350	7	47	47	NUM
easat-2393	350	8	,	,	PUNCT
easat-2393	350	9	60–78	60–78	NUM
easat-2393	350	10	.	.	PUNCT
easat-2393	351	1	[	[	X
easat-2393	351	2	24	24	NUM
easat-2393	351	3	]	]	SYM
easat-2393	351	4	kumar	kumar	PROPN
easat-2393	351	5	,	,	PUNCT
easat-2393	351	6	a.	a.	PROPN
easat-2393	351	7	,	,	PUNCT
easat-2393	351	8	badhani	badhani	PROPN
easat-2393	351	9	,	,	PUNCT
easat-2393	351	10	k.	k.	PROPN
easat-2393	351	11	n.	n.	PROPN
easat-2393	351	12	,	,	PUNCT
easat-2393	351	13	bouri	bouri	PROPN
easat-2393	351	14	,	,	PUNCT
easat-2393	351	15	e.	e.	PROPN
easat-2393	351	16	,	,	PUNCT
easat-2393	351	17	&	&	CCONJ
easat-2393	351	18	saeed	saeed	PROPN
easat-2393	351	19	,	,	PUNCT
easat-2393	351	20	t.	t.	PROPN
easat-2393	351	21	(	(	PUNCT
easat-2393	351	22	2021	2021	NUM
easat-2393	351	23	)	)	PUNCT
easat-2393	351	24	.	.	PUNCT
easat-2393	352	1	herding	herd	VERB
easat-2393	352	2	behavior	behavior	NOUN
easat-2393	352	3	in	in	ADP
easat-2393	352	4	the	the	DET
easat-2393	352	5	commodity	commodity	NOUN
easat-2393	352	6	markets	market	NOUN
easat-2393	352	7	of	of	ADP
easat-2393	352	8	the	the	DET
easat-2393	352	9	asia	asia	PROPN
easat-2393	352	10	-	-	PUNCT
easat-2393	352	11	pacific	pacific	PROPN
easat-2393	352	12	region	region	NOUN
easat-2393	352	13	.	.	PUNCT
easat-2393	353	1	finance	finance	NOUN
easat-2393	353	2	research	research	NOUN
easat-2393	353	3	letters	letter	NOUN
easat-2393	353	4	,	,	PUNCT
easat-2393	353	5	41(april	41(april	NUM
easat-2393	353	6	2020	2020	NUM
easat-2393	353	7	)	)	PUNCT
easat-2393	353	8	,	,	PUNCT
easat-2393	353	9	101813	101813	NUM
easat-2393	353	10	.	.	PUNCT
easat-2393	354	1	[	[	X
easat-2393	354	2	25	25	NUM
easat-2393	354	3	]	]	X
easat-2393	354	4	lai	lai	PROPN
easat-2393	354	5	,	,	PUNCT
easat-2393	354	6	m.-m	m.-m	PROPN
easat-2393	354	7	.	.	PROPN
easat-2393	354	8	,	,	PUNCT
easat-2393	354	9	&	&	CCONJ
easat-2393	354	10	lau	lau	PROPN
easat-2393	354	11	,	,	PUNCT
easat-2393	354	12	s.-h	s.-h	PROPN
easat-2393	354	13	.	.	PUNCT
easat-2393	354	14	(	(	PUNCT
easat-2393	354	15	2004	2004	NUM
easat-2393	354	16	)	)	PUNCT
easat-2393	354	17	.	.	PUNCT
easat-2393	355	1	herd	herd	NOUN
easat-2393	355	2	behavior	behavior	NOUN
easat-2393	355	3	and	and	CCONJ
easat-2393	355	4	market	market	NOUN
easat-2393	355	5	stress	stress	NOUN
easat-2393	355	6	:	:	PUNCT
easat-2393	355	7	the	the	DET
easat-2393	355	8	case	case	NOUN
easat-2393	355	9	of	of	ADP
easat-2393	355	10	malaysia	malaysia	PROPN
easat-2393	355	11	.	.	PUNCT
easat-2393	356	1	academy	academy	PROPN
easat-2393	356	2	of	of	ADP
easat-2393	356	3	accounting	accounting	PROPN
easat-2393	356	4	and	and	CCONJ
easat-2393	356	5	financial	financial	ADJ
easat-2393	356	6	studies	study	NOUN
easat-2393	356	7	journal	journal	NOUN
easat-2393	356	8	,	,	PUNCT
easat-2393	356	9	8(3	8(3	NUM
easat-2393	356	10	)	)	PUNCT
easat-2393	356	11	,	,	PUNCT
easat-2393	356	12	85–102	85–102	NUM
easat-2393	356	13	.	.	PUNCT
easat-2393	357	1	[	[	X
easat-2393	357	2	26	26	NUM
easat-2393	357	3	]	]	X
easat-2393	357	4	lam	lam	PROPN
easat-2393	357	5	,	,	PUNCT
easat-2393	357	6	k.	k.	PROPN
easat-2393	357	7	s.	s.	PROPN
easat-2393	357	8	k.	k.	PROPN
easat-2393	357	9	,	,	PUNCT
easat-2393	357	10	&	&	CCONJ
easat-2393	357	11	qiao	qiao	PROPN
easat-2393	357	12	,	,	PUNCT
easat-2393	357	13	z.	z.	PROPN
easat-2393	357	14	(	(	PUNCT
easat-2393	357	15	2015	2015	NUM
easat-2393	357	16	)	)	PUNCT
easat-2393	357	17	.	.	PUNCT
easat-2393	358	1	herding	herding	NOUN
easat-2393	358	2	and	and	CCONJ
easat-2393	358	3	fundamental	fundamental	ADJ
easat-2393	358	4	factors	factor	NOUN
easat-2393	358	5	:	:	PUNCT
easat-2393	358	6	the	the	DET
easat-2393	358	7	hong	hong	PROPN
easat-2393	358	8	kong	kong	PROPN
easat-2393	358	9	experience	experience	NOUN
easat-2393	358	10	.	.	PUNCT
easat-2393	359	1	pacific	pacific	PROPN
easat-2393	359	2	basin	basin	PROPN
easat-2393	359	3	finance	finance	PROPN
easat-2393	359	4	journal	journal	NOUN
easat-2393	359	5	,	,	PUNCT
easat-2393	359	6	32	32	NUM
easat-2393	359	7	,	,	PUNCT
easat-2393	359	8	160–188	160–188	NUM
easat-2393	359	9	.	.	PUNCT
easat-2393	360	1	[	[	X
easat-2393	360	2	27	27	NUM
easat-2393	360	3	]	]	X
easat-2393	360	4	lao	lao	PROPN
easat-2393	360	5	,	,	PUNCT
easat-2393	360	6	p.	p.	PROPN
easat-2393	360	7	,	,	PUNCT
easat-2393	360	8	&	&	CCONJ
easat-2393	360	9	singh	singh	PROPN
easat-2393	360	10	,	,	PUNCT
easat-2393	360	11	h.	h.	PROPN
easat-2393	360	12	(	(	PUNCT
easat-2393	360	13	2011	2011	NUM
easat-2393	360	14	)	)	PUNCT
easat-2393	360	15	.	.	PUNCT
easat-2393	361	1	herding	herd	VERB
easat-2393	361	2	behaviour	behaviour	NOUN
easat-2393	361	3	in	in	ADP
easat-2393	361	4	the	the	DET
easat-2393	361	5	chinese	chinese	ADJ
easat-2393	361	6	and	and	CCONJ
easat-2393	361	7	indian	indian	ADJ
easat-2393	361	8	stock	stock	NOUN
easat-2393	361	9	markets	market	NOUN
easat-2393	361	10	.	.	PUNCT
easat-2393	362	1	journal	journal	NOUN
easat-2393	362	2	of	of	ADP
easat-2393	362	3	asian	asian	ADJ
easat-2393	362	4	economics	economic	NOUN
easat-2393	362	5	,	,	PUNCT
easat-2393	362	6	22(6	22(6	NUM
easat-2393	362	7	)	)	PUNCT
easat-2393	362	8	,	,	PUNCT
easat-2393	362	9	495–506	495–506	NUM
easat-2393	362	10	.	.	PUNCT
easat-2393	363	1	[	[	X
easat-2393	363	2	28	28	NUM
easat-2393	363	3	]	]	X
easat-2393	363	4	litimi	litimi	PROPN
easat-2393	363	5	,	,	PUNCT
easat-2393	363	6	h.	h.	PROPN
easat-2393	363	7	(	(	PUNCT
easat-2393	363	8	2017	2017	NUM
easat-2393	363	9	)	)	PUNCT
easat-2393	363	10	.	.	PUNCT
easat-2393	364	1	herd	herd	NOUN
easat-2393	364	2	behavior	behavior	NOUN
easat-2393	364	3	in	in	ADP
easat-2393	364	4	the	the	DET
easat-2393	364	5	french	french	ADJ
easat-2393	364	6	stock	stock	NOUN
easat-2393	364	7	market	market	NOUN
easat-2393	364	8	.	.	PUNCT
easat-2393	365	1	review	review	NOUN
easat-2393	365	2	of	of	ADP
easat-2393	365	3	accounting	accounting	NOUN
easat-2393	365	4	and	and	CCONJ
easat-2393	365	5	finance	finance	NOUN
easat-2393	365	6	,	,	PUNCT
easat-2393	365	7	16(4	16(4	NUM
easat-2393	365	8	)	)	PUNCT
easat-2393	365	9	,	,	PUNCT
easat-2393	365	10	497–515	497–515	NUM
easat-2393	365	11	.	.	PUNCT
easat-2393	366	1	[	[	X
easat-2393	366	2	29	29	NUM
easat-2393	366	3	]	]	X
easat-2393	366	4	litimi	litimi	PROPN
easat-2393	366	5	,	,	PUNCT
easat-2393	366	6	h.	h.	PROPN
easat-2393	366	7	,	,	PUNCT
easat-2393	366	8	bensaïda	bensaïda	PROPN
easat-2393	366	9	,	,	PUNCT
easat-2393	366	10	a.	a.	NOUN
easat-2393	366	11	,	,	PUNCT
easat-2393	366	12	&	&	CCONJ
easat-2393	366	13	bouraoui	bouraoui	PROPN
easat-2393	366	14	,	,	PUNCT
easat-2393	366	15	o.	o.	PROPN
easat-2393	366	16	(	(	PUNCT
easat-2393	366	17	2016	2016	NUM
easat-2393	366	18	)	)	PUNCT
easat-2393	366	19	.	.	PUNCT
easat-2393	367	1	herding	herd	VERB
easat-2393	367	2	and	and	CCONJ
easat-2393	367	3	excessive	excessive	ADJ
easat-2393	367	4	risk	risk	NOUN
easat-2393	367	5	in	in	ADP
easat-2393	367	6	the	the	DET
easat-2393	367	7	american	american	ADJ
easat-2393	367	8	stock	stock	NOUN
easat-2393	367	9	market	market	NOUN
easat-2393	367	10	:	:	PUNCT
easat-2393	367	11	a	a	DET
easat-2393	367	12	sectoral	sectoral	ADJ
easat-2393	367	13	analysis	analysis	NOUN
easat-2393	367	14	.	.	PUNCT
easat-2393	368	1	research	research	NOUN
easat-2393	368	2	in	in	ADP
easat-2393	368	3	international	international	ADJ
easat-2393	368	4	business	business	NOUN
easat-2393	368	5	and	and	CCONJ
easat-2393	368	6	finance	finance	NOUN
easat-2393	368	7	,	,	PUNCT
easat-2393	368	8	38	38	NUM
easat-2393	368	9	,	,	PUNCT
easat-2393	368	10	6–21	6–21	PROPN
easat-2393	368	11	.	.	PUNCT
easat-2393	369	1	[	[	X
easat-2393	369	2	30	30	NUM
easat-2393	369	3	]	]	X
easat-2393	369	4	messis	messis	NOUN
easat-2393	369	5	,	,	PUNCT
easat-2393	369	6	p.	p.	NOUN
easat-2393	369	7	,	,	PUNCT
easat-2393	369	8	&	&	CCONJ
easat-2393	369	9	zapranis	zapranis	PROPN
easat-2393	369	10	,	,	PUNCT
easat-2393	369	11	a.	a.	NOUN
easat-2393	369	12	(	(	PUNCT
easat-2393	369	13	2014	2014	NUM
easat-2393	369	14	)	)	PUNCT
easat-2393	369	15	.	.	PUNCT
easat-2393	370	1	herding	herd	VERB
easat-2393	370	2	behaviour	behaviour	NOUN
easat-2393	370	3	and	and	CCONJ
easat-2393	370	4	volatility	volatility	NOUN
easat-2393	370	5	in	in	ADP
easat-2393	370	6	the	the	DET
easat-2393	370	7	athens	athens	PROPN
easat-2393	370	8	stock	stock	PROPN
easat-2393	370	9	exchange	exchange	PROPN
easat-2393	370	10	.	.	PUNCT
easat-2393	371	1	the	the	DET
easat-2393	371	2	journal	journal	NOUN
easat-2393	371	3	of	of	ADP
easat-2393	371	4	risk	risk	NOUN
easat-2393	371	5	finance	finance	NOUN
easat-2393	371	6	,	,	PUNCT
easat-2393	371	7	15(5	15(5	NUM
easat-2393	371	8	)	)	PUNCT
easat-2393	371	9	,	,	PUNCT
easat-2393	371	10	572–590	572–590	NUM
easat-2393	371	11	.	.	PUNCT
easat-2393	372	1	[	[	X
easat-2393	372	2	31	31	NUM
easat-2393	372	3	]	]	PUNCT
easat-2393	372	4	mobarek	mobarek	NOUN
easat-2393	372	5	,	,	PUNCT
easat-2393	372	6	a.	a.	NOUN
easat-2393	372	7	,	,	PUNCT
easat-2393	372	8	mollah	mollah	ADJ
easat-2393	372	9	,	,	PUNCT
easat-2393	372	10	s.	s.	PROPN
easat-2393	372	11	,	,	PUNCT
easat-2393	372	12	&	&	CCONJ
easat-2393	372	13	keasey	keasey	PROPN
easat-2393	372	14	,	,	PUNCT
easat-2393	372	15	k.	k.	PROPN
easat-2393	372	16	(	(	PUNCT
easat-2393	372	17	2014	2014	NUM
easat-2393	372	18	)	)	PUNCT
easat-2393	372	19	.	.	PUNCT
easat-2393	373	1	a	a	DET
easat-2393	373	2	cross	cross	ADJ
easat-2393	373	3	-	-	ADJ
easat-2393	373	4	country	country	ADJ
easat-2393	373	5	analysis	analysis	NOUN
easat-2393	373	6	of	of	ADP
easat-2393	373	7	herd	herd	NOUN
easat-2393	373	8	behavior	behavior	NOUN
easat-2393	373	9	in	in	ADP
easat-2393	373	10	europe	europe	PROPN
easat-2393	373	11	.	.	PUNCT
easat-2393	374	1	journal	journal	PROPN
easat-2393	374	2	of	of	ADP
easat-2393	374	3	international	international	ADJ
easat-2393	374	4	financial	financial	ADJ
easat-2393	374	5	markets	market	NOUN
easat-2393	374	6	,	,	PUNCT
easat-2393	374	7	institutions	institution	NOUN
easat-2393	374	8	and	and	CCONJ
easat-2393	374	9	money	money	NOUN
easat-2393	374	10	,	,	PUNCT
easat-2393	374	11	32(1	32(1	NUM
easat-2393	374	12	)	)	PUNCT
easat-2393	374	13	,	,	PUNCT
easat-2393	374	14	107–127	107–127	NUM
easat-2393	374	15	.	.	PUNCT
easat-2393	375	1	[	[	X
easat-2393	375	2	32	32	NUM
easat-2393	375	3	]	]	X
easat-2393	375	4	muharam	muharam	PROPN
easat-2393	375	5	,	,	PUNCT
easat-2393	375	6	h.	h.	PROPN
easat-2393	375	7	,	,	PUNCT
easat-2393	375	8	dharmawan	dharmawan	PROPN
easat-2393	375	9	,	,	PUNCT
easat-2393	375	10	a.	a.	NOUN
easat-2393	375	11	,	,	PUNCT
easat-2393	375	12	najmudin	najmudin	NOUN
easat-2393	375	13	,	,	PUNCT
easat-2393	375	14	n.	n.	NOUN
easat-2393	375	15	,	,	PUNCT
easat-2393	375	16	&	&	CCONJ
easat-2393	375	17	robiyanto	robiyanto	PROPN
easat-2393	375	18	,	,	PUNCT
easat-2393	375	19	r.	r.	X
easat-2393	375	20	(	(	PUNCT
easat-2393	375	21	2021	2021	NUM
easat-2393	375	22	)	)	PUNCT
easat-2393	375	23	.	.	PUNCT
easat-2393	376	1	herding	herd	VERB
easat-2393	376	2	behavior	behavior	NOUN
easat-2393	376	3	:	:	PUNCT
easat-2393	376	4	evidence	evidence	NOUN
easat-2393	376	5	from	from	ADP
easat-2393	376	6	southeast	southeast	ADJ
easat-2393	376	7	asian	asian	ADJ
easat-2393	376	8	stock	stock	NOUN
easat-2393	376	9	markets	market	NOUN
easat-2393	376	10	.	.	PUNCT
easat-2393	377	1	in	in	ADP
easat-2393	377	2	international	international	ADJ
easat-2393	377	3	symposia	symposia	NOUN
easat-2393	377	4	in	in	ADP
easat-2393	377	5	economic	economic	ADJ
easat-2393	377	6	theory	theory	NOUN
easat-2393	377	7	and	and	CCONJ
easat-2393	377	8	econometrics	econometrics	NOUN
easat-2393	377	9	(	(	PUNCT
easat-2393	377	10	vol	vol	NOUN
easat-2393	377	11	.	.	PROPN
easat-2393	377	12	28	28	NUM
easat-2393	377	13	,	,	PUNCT
easat-2393	377	14	pp	pp	ADJ
easat-2393	377	15	.	.	PUNCT
easat-2393	378	1	207–220	207–220	NUM
easat-2393	378	2	)	)	PUNCT
easat-2393	378	3	.	.	PUNCT
easat-2393	379	1	[	[	X
easat-2393	379	2	33	33	NUM
easat-2393	379	3	]	]	SYM
easat-2393	379	4	nha	nha	NOUN
easat-2393	379	5	,	,	PUNCT
easat-2393	379	6	d.	d.	PROPN
easat-2393	379	7	,	,	PUNCT
easat-2393	379	8	faculty	faculty	PROPN
easat-2393	379	9	,	,	PUNCT
easat-2393	379	10	b.	b.	PROPN
easat-2393	379	11	,	,	PUNCT
easat-2393	379	12	minh	minh	PROPN
easat-2393	379	13	,	,	PUNCT
easat-2393	379	14	h.	h.	PROPN
easat-2393	379	15	c.	c.	PROPN
easat-2393	379	16	,	,	PUNCT
easat-2393	379	17	faculty	faculty	NOUN
easat-2393	379	18	,	,	PUNCT
easat-2393	379	19	b.	b.	PROPN
easat-2393	379	20	,	,	PUNCT
easat-2393	379	21	duc	duc	PROPN
easat-2393	379	22	,	,	PUNCT
easat-2393	379	23	t.	t.	PROPN
easat-2393	379	24	,	,	PUNCT
easat-2393	379	25	chi	chi	PROPN
easat-2393	379	26	,	,	PUNCT
easat-2393	379	27	h.	h.	PROPN
easat-2393	379	28	,	,	PUNCT
easat-2393	379	29	…	…	PUNCT
easat-2393	379	30	faculty	faculty	NOUN
easat-2393	379	31	,	,	PUNCT
easat-2393	379	32	b.	b.	PROPN
easat-2393	379	33	(	(	PUNCT
easat-2393	379	34	2015	2015	NUM
easat-2393	379	35	)	)	PUNCT
easat-2393	379	36	.	.	PUNCT
easat-2393	380	1	herd	herd	NOUN
easat-2393	380	2	behaviour	behaviour	NOUN
easat-2393	380	3	in	in	ADP
easat-2393	380	4	southeast	southeast	ADJ
easat-2393	380	5	asian	asian	ADJ
easat-2393	380	6	stock	stock	PROPN
easat-2393	380	7	marketsan	marketsan	PROPN
easat-2393	380	8	empirical	empirical	ADJ
easat-2393	380	9	investigation	investigation	NOUN
easat-2393	380	10	.	.	PUNCT
easat-2393	381	1	acta	acta	PROPN
easat-2393	381	2	oeconomica	oeconomica	PROPN
easat-2393	381	3	,	,	PUNCT
easat-2393	381	4	65(3	65(3	NUM
easat-2393	381	5	)	)	PUNCT
easat-2393	381	6	,	,	PUNCT
easat-2393	381	7	413–429	413–429	NUM
easat-2393	381	8	.	.	PUNCT
easat-2393	382	1	[	[	X
easat-2393	382	2	34	34	NUM
easat-2393	382	3	]	]	SYM
easat-2393	382	4	omay	omay	PROPN
easat-2393	382	5	,	,	PUNCT
easat-2393	382	6	t.	t.	PROPN
easat-2393	382	7	,	,	PUNCT
easat-2393	382	8	&	&	CCONJ
easat-2393	382	9	iren	iren	PROPN
easat-2393	382	10	,	,	PUNCT
easat-2393	382	11	p.	p.	NOUN
easat-2393	382	12	(	(	PUNCT
easat-2393	382	13	2019	2019	NUM
easat-2393	382	14	)	)	PUNCT
easat-2393	382	15	.	.	PUNCT
easat-2393	383	1	behavior	behavior	NOUN
easat-2393	383	2	of	of	ADP
easat-2393	383	3	foreign	foreign	ADJ
easat-2393	383	4	investors	investor	NOUN
easat-2393	383	5	in	in	ADP
easat-2393	383	6	the	the	DET
easat-2393	383	7	malaysian	malaysian	ADJ
easat-2393	383	8	stock	stock	NOUN
easat-2393	383	9	market	market	NOUN
easat-2393	383	10	in	in	ADP
easat-2393	383	11	times	time	NOUN
easat-2393	383	12	of	of	ADP
easat-2393	383	13	crisis	crisis	NOUN
easat-2393	383	14	:	:	PUNCT
easat-2393	383	15	a	a	DET
easat-2393	383	16	nonlinear	nonlinear	ADJ
easat-2393	383	17	approach	approach	NOUN
easat-2393	383	18	.	.	PUNCT
easat-2393	384	1	journal	journal	NOUN
easat-2393	384	2	of	of	ADP
easat-2393	384	3	asian	asian	ADJ
easat-2393	384	4	economics	economic	NOUN
easat-2393	384	5	,	,	PUNCT
easat-2393	384	6	60	60	NUM
easat-2393	384	7	,	,	PUNCT
easat-2393	384	8	85–100	85–100	PROPN
easat-2393	384	9	.	.	PUNCT
easat-2393	385	1	[	[	X
easat-2393	385	2	35	35	NUM
easat-2393	385	3	]	]	PUNCT
easat-2393	385	4	phillips	phillip	NOUN
easat-2393	385	5	,	,	PUNCT
easat-2393	385	6	p.	p.	PROPN
easat-2393	385	7	c.	c.	PROPN
easat-2393	385	8	b.	b.	PROPN
easat-2393	385	9	,	,	PUNCT
easat-2393	385	10	&	&	CCONJ
easat-2393	385	11	perron	perron	PROPN
easat-2393	385	12	,	,	PUNCT
easat-2393	385	13	p.	p.	NOUN
easat-2393	385	14	(	(	PUNCT
easat-2393	385	15	1988	1988	NUM
easat-2393	385	16	)	)	PUNCT
easat-2393	385	17	.	.	PUNCT
easat-2393	386	1	testing	test	VERB
easat-2393	386	2	for	for	ADP
easat-2393	386	3	a	a	DET
easat-2393	386	4	unit	unit	NOUN
easat-2393	386	5	root	root	NOUN
easat-2393	386	6	in	in	ADP
easat-2393	386	7	time	time	NOUN
easat-2393	386	8	series	series	PROPN
easat-2393	386	9	regression	regression	PROPN
easat-2393	386	10	.	.	PUNCT
easat-2393	387	1	biometrika	biometrika	NOUN
easat-2393	387	2	,	,	PUNCT
easat-2393	387	3	75(2	75(2	NUM
easat-2393	387	4	)	)	PUNCT
easat-2393	387	5	,	,	PUNCT
easat-2393	387	6	335–346	335–346	NUM
easat-2393	387	7	.	.	PUNCT
easat-2393	388	1	[	[	X
easat-2393	388	2	36	36	NUM
easat-2393	388	3	]	]	X
easat-2393	388	4	sharif	sharif	PROPN
easat-2393	388	5	,	,	PUNCT
easat-2393	388	6	s.	s.	PROPN
easat-2393	388	7	,	,	PUNCT
easat-2393	388	8	ismail	ismail	PROPN
easat-2393	388	9	,	,	PUNCT
easat-2393	388	10	s.	s.	PROPN
easat-2393	388	11	,	,	PUNCT
easat-2393	388	12	omar	omar	PROPN
easat-2393	388	13	,	,	PUNCT
easat-2393	388	14	z.	z.	PROPN
easat-2393	388	15	,	,	PUNCT
easat-2393	388	16	&	&	CCONJ
easat-2393	388	17	theng	theng	PROPN
easat-2393	388	18	,	,	PUNCT
easat-2393	388	19	l.	l.	PROPN
easat-2393	388	20	h.	h.	PROPN
easat-2393	388	21	(	(	PUNCT
easat-2393	388	22	2016	2016	NUM
easat-2393	388	23	)	)	PUNCT
easat-2393	388	24	.	.	PUNCT
easat-2393	389	1	validation	validation	NOUN
easat-2393	389	2	of	of	ADP
easat-2393	389	3	global	global	ADJ
easat-2393	389	4	financial	financial	ADJ
easat-2393	389	5	crisis	crisis	NOUN
easat-2393	389	6	on	on	ADP
easat-2393	389	7	bursa	bursa	PROPN
easat-2393	389	8	malaysia	malaysia	PROPN
easat-2393	389	9	stocks	stock	NOUN
easat-2393	389	10	market	market	NOUN
easat-2393	389	11	companies	company	NOUN
easat-2393	389	12	via	via	ADP
easat-2393	389	13	covariance	covariance	NOUN
easat-2393	389	14	structure	structure	NOUN
easat-2393	389	15	.	.	PUNCT
easat-2393	390	1	american	american	ADJ
easat-2393	390	2	journal	journal	PROPN
easat-2393	390	3	of	of	ADP
easat-2393	390	4	applied	apply	VERB
easat-2393	390	5	sciences	science	NOUN
easat-2393	390	6	,	,	PUNCT
easat-2393	390	7	13(11	13(11	NUM
easat-2393	390	8	)	)	PUNCT
easat-2393	390	9	,	,	PUNCT
easat-2393	390	10	1091–1095	1091–1095	NUM
easat-2393	390	11	.	.	PUNCT
easat-2393	391	1	[	[	X
easat-2393	391	2	37	37	NUM
easat-2393	391	3	]	]	PUNCT
easat-2393	391	4	sharma	sharma	PROPN
easat-2393	391	5	,	,	PUNCT
easat-2393	391	6	s.	s.	PROPN
easat-2393	391	7	s.	s.	PROPN
easat-2393	391	8	,	,	PUNCT
easat-2393	391	9	narayan	narayan	PROPN
easat-2393	391	10	,	,	PUNCT
easat-2393	391	11	p.	p.	NOUN
easat-2393	391	12	,	,	PUNCT
easat-2393	391	13	&	&	CCONJ
easat-2393	391	14	thuraisamy	thuraisamy	PROPN
easat-2393	391	15	,	,	PUNCT
easat-2393	391	16	k.	k.	PROPN
easat-2393	391	17	(	(	PUNCT
easat-2393	391	18	2015	2015	NUM
easat-2393	391	19	)	)	PUNCT
easat-2393	391	20	.	.	PUNCT
easat-2393	392	1	time	time	NOUN
easat-2393	392	2	-	-	PUNCT
easat-2393	392	3	varying	vary	VERB
easat-2393	392	4	herding	herding	NOUN
easat-2393	392	5	behavior	behavior	NOUN
easat-2393	392	6	,	,	PUNCT
easat-2393	392	7	global	global	ADJ
easat-2393	392	8	financial	financial	ADJ
easat-2393	392	9	crisis	crisis	NOUN
easat-2393	392	10	,	,	PUNCT
easat-2393	392	11	and	and	CCONJ
easat-2393	392	12	the	the	DET
easat-2393	392	13	chinese	chinese	ADJ
easat-2393	392	14	stock	stock	NOUN
easat-2393	392	15	market	market	NOUN
easat-2393	392	16	.	.	PUNCT
easat-2393	393	1	review	review	NOUN
easat-2393	393	2	of	of	ADP
easat-2393	393	3	pacific	pacific	PROPN
easat-2393	393	4	basin	basin	PROPN
easat-2393	393	5	financial	financial	ADJ
easat-2393	393	6	markets	market	NOUN
easat-2393	393	7	and	and	CCONJ
easat-2393	393	8	policies	policy	NOUN
easat-2393	393	9	,	,	PUNCT
easat-2393	393	10	18(2	18(2	NUM
easat-2393	393	11	)	)	PUNCT
easat-2393	393	12	.	.	PUNCT
easat-2393	394	1	[	[	X
easat-2393	394	2	38	38	NUM
easat-2393	394	3	]	]	PUNCT
easat-2393	394	4	simões	simões	ADJ
easat-2393	394	5	vieira	vieira	PROPN
easat-2393	394	6	,	,	PUNCT
easat-2393	394	7	e.	e.	PROPN
easat-2393	394	8	f.	f.	PROPN
easat-2393	394	9	,	,	PUNCT
easat-2393	394	10	&	&	CCONJ
easat-2393	394	11	valente	valente	PROPN
easat-2393	394	12	pereira	pereira	PROPN
easat-2393	394	13	,	,	PUNCT
easat-2393	394	14	m.	m.	PROPN
easat-2393	394	15	s.	s.	PROPN
easat-2393	394	16	(	(	PUNCT
easat-2393	394	17	2015	2015	NUM
easat-2393	394	18	)	)	PUNCT
easat-2393	394	19	.	.	PUNCT
easat-2393	395	1	herding	herd	VERB
easat-2393	395	2	behaviour	behaviour	NOUN
easat-2393	395	3	and	and	CCONJ
easat-2393	395	4	sentiment	sentiment	NOUN
easat-2393	395	5	:	:	PUNCT
easat-2393	395	6	evidence	evidence	NOUN
easat-2393	395	7	in	in	ADP
easat-2393	395	8	a	a	DET
easat-2393	395	9	small	small	ADJ
easat-2393	395	10	european	european	ADJ
easat-2393	395	11	market	market	NOUN
easat-2393	395	12	.	.	PUNCT
easat-2393	396	1	revista	revista	PROPN
easat-2393	396	2	de	de	PROPN
easat-2393	396	3	contabilidad	contabilidad	PROPN
easat-2393	396	4	spanish	spanish	PROPN
easat-2393	396	5	accounting	accounting	PROPN
easat-2393	396	6	review	review	PROPN
easat-2393	396	7	18	18	NUM
easat-2393	396	8	(	(	PUNCT
easat-2393	396	9	1	1	NUM
easat-2393	396	10	)	)	PUNCT
easat-2393	396	11	(	(	PUNCT
easat-2393	396	12	2015	2015	NUM
easat-2393	396	13	)	)	PUNCT
easat-2393	396	14	78	78	NUM
easat-2393	396	15	-	-	SYM
easat-2393	396	16	86	86	NUM
easat-2393	396	17	,	,	PUNCT
easat-2393	396	18	18(1	18(1	NUM
easat-2393	396	19	)	)	PUNCT
easat-2393	396	20	,	,	PUNCT
easat-2393	396	21	78–86	78–86	X
easat-2393	396	22	.	.	PUNCT
easat-2393	397	1	[	[	X
easat-2393	397	2	39	39	NUM
easat-2393	397	3	]	]	PUNCT
easat-2393	397	4	spyrou	spyrou	NOUN
easat-2393	397	5	,	,	PUNCT
easat-2393	397	6	s.	s.	PROPN
easat-2393	397	7	(	(	PUNCT
easat-2393	397	8	2013	2013	NUM
easat-2393	397	9	)	)	PUNCT
easat-2393	397	10	.	.	PUNCT
easat-2393	398	1	herding	herd	VERB
easat-2393	398	2	in	in	ADP
easat-2393	398	3	financial	financial	ADJ
easat-2393	398	4	markets	market	NOUN
easat-2393	398	5	:	:	PUNCT
easat-2393	398	6	a	a	DET
easat-2393	398	7	review	review	NOUN
easat-2393	398	8	of	of	ADP
easat-2393	398	9	the	the	DET
easat-2393	398	10	literature	literature	NOUN
easat-2393	398	11	.	.	PUNCT
easat-2393	399	1	review	review	NOUN
easat-2393	399	2	of	of	ADP
easat-2393	399	3	behavioral	behavioral	ADJ
easat-2393	399	4	finance	finance	NOUN
easat-2393	399	5	,	,	PUNCT
easat-2393	399	6	5(2	5(2	NUM
easat-2393	399	7	)	)	PUNCT
easat-2393	399	8	,	,	PUNCT
easat-2393	399	9	175–194	175–194	NUM
easat-2393	399	10	.	.	PUNCT
easat-2393	400	1	[	[	X
easat-2393	400	2	40	40	NUM
easat-2393	400	3	]	]	PUNCT
easat-2393	400	4	tan	tan	PROPN
easat-2393	400	5	,	,	PUNCT
easat-2393	400	6	l.	l.	PROPN
easat-2393	400	7	,	,	PUNCT
easat-2393	400	8	chiang	chiang	PROPN
easat-2393	400	9	,	,	PUNCT
easat-2393	400	10	t.	t.	PROPN
easat-2393	400	11	c.	c.	PROPN
easat-2393	400	12	,	,	PUNCT
easat-2393	400	13	mason	mason	PROPN
easat-2393	400	14	,	,	PUNCT
easat-2393	400	15	j.	j.	PROPN
easat-2393	400	16	r.	r.	PROPN
easat-2393	400	17	,	,	PUNCT
easat-2393	400	18	&	&	CCONJ
easat-2393	400	19	nelling	nelling	PROPN
easat-2393	400	20	,	,	PUNCT
easat-2393	400	21	e.	e.	PROPN
easat-2393	400	22	(	(	PUNCT
easat-2393	400	23	2008	2008	NUM
easat-2393	400	24	)	)	PUNCT
easat-2393	400	25	.	.	PUNCT
easat-2393	401	1	herding	herd	VERB
easat-2393	401	2	behavior	behavior	NOUN
easat-2393	401	3	in	in	ADP
easat-2393	401	4	chinese	chinese	ADJ
easat-2393	401	5	stock	stock	NOUN
easat-2393	401	6	markets	market	NOUN
easat-2393	401	7	:	:	PUNCT
easat-2393	401	8	an	an	DET
easat-2393	401	9	examination	examination	NOUN
easat-2393	401	10	2132	2132	NUM
easat-2393	401	11	edelweiss	edelweiss	PROPN
easat-2393	401	12	applied	apply	VERB
easat-2393	401	13	science	science	NOUN
easat-2393	401	14	and	and	CCONJ
easat-2393	401	15	technology	technology	NOUN
easat-2393	401	16	issn	issn	PROPN
easat-2393	401	17	:	:	PUNCT
easat-2393	401	18	2576	2576	NUM
easat-2393	401	19	-	-	SYM
easat-2393	401	20	8484	8484	NUM
easat-2393	401	21	vol	vol	NOUN
easat-2393	401	22	.	.	PROPN
easat-2393	401	23	8	8	NUM
easat-2393	401	24	,	,	PUNCT
easat-2393	401	25	no	no	INTJ
easat-2393	401	26	.	.	NOUN
easat-2393	401	27	6	6	NUM
easat-2393	401	28	:	:	SYM
easat-2393	401	29	2121	2121	NUM
easat-2393	401	30	-	-	SYM
easat-2393	401	31	2132	2132	NUM
easat-2393	401	32	,	,	PUNCT
easat-2393	401	33	2024	2024	NUM
easat-2393	401	34	doi	doi	NOUN
easat-2393	401	35	:	:	PUNCT
easat-2393	401	36	10.55214/25768484.v8i6.2393	10.55214/25768484.v8i6.2393	NUM
easat-2393	401	37	©	©	PROPN
easat-2393	401	38	2024	2024	NUM
easat-2393	401	39	by	by	ADP
easat-2393	401	40	the	the	DET
easat-2393	401	41	authors	author	NOUN
easat-2393	401	42	;	;	PUNCT
easat-2393	401	43	licensee	licensee	NOUN
easat-2393	401	44	learning	learn	VERB
easat-2393	401	45	gate	gate	NOUN
easat-2393	401	46	of	of	ADP
easat-2393	401	47	a	a	DET
easat-2393	401	48	and	and	CCONJ
easat-2393	401	49	b	b	NOUN
easat-2393	401	50	shares	share	NOUN
easat-2393	401	51	.	.	PUNCT
easat-2393	402	1	pacific	pacific	PROPN
easat-2393	402	2	basin	basin	PROPN
easat-2393	402	3	finance	finance	PROPN
easat-2393	402	4	journal	journal	NOUN
easat-2393	402	5	,	,	PUNCT
easat-2393	402	6	16(1–2	16(1–2	NUM
easat-2393	402	7	)	)	PUNCT
easat-2393	402	8	,	,	PUNCT
easat-2393	402	9	61–77	61–77	NUM
easat-2393	402	10	.	.	PUNCT
easat-2393	403	1	[	[	X
easat-2393	403	2	41	41	NUM
easat-2393	403	3	]	]	SYM
easat-2393	403	4	vo	vo	NOUN
easat-2393	403	5	,	,	PUNCT
easat-2393	403	6	x.	x.	PROPN
easat-2393	404	1	v.	v.	PROPN
easat-2393	404	2	,	,	PUNCT
easat-2393	404	3	&	&	CCONJ
easat-2393	404	4	phan	phan	PROPN
easat-2393	404	5	,	,	PUNCT
easat-2393	404	6	d.	d.	PROPN
easat-2393	404	7	b.	b.	PROPN
easat-2393	404	8	a.	a.	PROPN
easat-2393	405	1	(	(	PUNCT
easat-2393	405	2	2016	2016	NUM
easat-2393	405	3	)	)	PUNCT
easat-2393	405	4	.	.	PUNCT
easat-2393	406	1	herd	herd	NOUN
easat-2393	406	2	behavior	behavior	NOUN
easat-2393	406	3	in	in	ADP
easat-2393	406	4	emerging	emerge	VERB
easat-2393	406	5	equity	equity	NOUN
easat-2393	406	6	markets	market	NOUN
easat-2393	406	7	:	:	PUNCT
easat-2393	406	8	evidence	evidence	NOUN
easat-2393	406	9	from	from	ADP
easat-2393	406	10	vietnam	vietnam	PROPN
easat-2393	406	11	.	.	PUNCT
easat-2393	407	1	asian	asian	PROPN
easat-2393	407	2	journal	journal	PROPN
easat-2393	407	3	of	of	ADP
easat-2393	407	4	law	law	NOUN
easat-2393	407	5	and	and	CCONJ
easat-2393	407	6	economics	economic	NOUN
easat-2393	407	7	,	,	PUNCT
easat-2393	407	8	7(3	7(3	NUM
easat-2393	407	9	)	)	PUNCT
easat-2393	407	10	,	,	PUNCT
easat-2393	407	11	369–383	369–383	NUM
easat-2393	407	12	.	.	PUNCT
easat-2393	408	1	[	[	X
easat-2393	408	2	42	42	NUM
easat-2393	408	3	]	]	SYM
easat-2393	408	4	vo	vo	NOUN
easat-2393	408	5	,	,	PUNCT
easat-2393	408	6	x.	x.	PROPN
easat-2393	408	7	v.	v.	PROPN
easat-2393	408	8	,	,	PUNCT
easat-2393	408	9	&	&	CCONJ
easat-2393	408	10	phan	phan	PROPN
easat-2393	408	11	,	,	PUNCT
easat-2393	408	12	d.	d.	PROPN
easat-2393	408	13	b.	b.	PROPN
easat-2393	408	14	a.	a.	PROPN
easat-2393	408	15	(	(	PUNCT
easat-2393	408	16	2017	2017	NUM
easat-2393	408	17	)	)	PUNCT
easat-2393	408	18	.	.	PUNCT
easat-2393	409	1	further	further	ADJ
easat-2393	409	2	evidence	evidence	NOUN
easat-2393	409	3	on	on	ADP
easat-2393	409	4	the	the	DET
easat-2393	409	5	herd	herd	NOUN
easat-2393	409	6	behavior	behavior	NOUN
easat-2393	409	7	in	in	ADP
easat-2393	409	8	vietnam	vietnam	PROPN
easat-2393	409	9	stock	stock	NOUN
easat-2393	409	10	market	market	NOUN
easat-2393	409	11	.	.	PUNCT
easat-2393	410	1	journal	journal	NOUN
easat-2393	410	2	of	of	ADP
easat-2393	410	3	behavioral	behavioral	ADJ
easat-2393	410	4	and	and	CCONJ
easat-2393	410	5	experimental	experimental	ADJ
easat-2393	410	6	finance	finance	NOUN
easat-2393	410	7	,	,	PUNCT
easat-2393	410	8	13	13	NUM
easat-2393	410	9	,	,	PUNCT
easat-2393	410	10	33–41	33–41	NUM
easat-2393	410	11	.	.	PUNCT
easat-2393	411	1	[	[	X
easat-2393	411	2	43	43	NUM
easat-2393	411	3	]	]	SYM
easat-2393	411	4	yao	yao	PROPN
easat-2393	411	5	,	,	PUNCT
easat-2393	411	6	j.	j.	PROPN
easat-2393	411	7	,	,	PUNCT
easat-2393	411	8	&	&	CCONJ
easat-2393	411	9	tangjitprom	tangjitprom	NOUN
easat-2393	411	10	,	,	PUNCT
easat-2393	411	11	n.	n.	NOUN
easat-2393	411	12	(	(	PUNCT
easat-2393	411	13	2019	2019	NUM
easat-2393	411	14	)	)	PUNCT
easat-2393	411	15	.	.	PUNCT
easat-2393	412	1	herding	herd	VERB
easat-2393	412	2	behaviors	behavior	NOUN
easat-2393	412	3	in	in	ADP
easat-2393	412	4	asean	asean	ADJ
easat-2393	412	5	stock	stock	NOUN
easat-2393	412	6	markets	market	NOUN
easat-2393	412	7	.	.	PUNCT
easat-2393	413	1	journal	journal	PROPN
easat-2393	413	2	of	of	ADP
easat-2393	413	3	economics	economic	NOUN
easat-2393	413	4	and	and	CCONJ
easat-2393	413	5	management	management	NOUN
easat-2393	413	6	strategy	strategy	NOUN
easat-2393	413	7	,	,	PUNCT
easat-2393	413	8	6(1	6(1	NUM
easat-2393	413	9	)	)	PUNCT
easat-2393	413	10	,	,	PUNCT
easat-2393	413	11	1–16	1–16	PROPN
easat-2393	413	12	.	.	PUNCT
easat-2393	414	1	[	[	X
easat-2393	414	2	44	44	NUM
easat-2393	414	3	]	]	SYM
easat-2393	414	4	yousaf	yousaf	PROPN
easat-2393	414	5	,	,	PUNCT
easat-2393	414	6	i.	i.	PROPN
easat-2393	414	7	,	,	PUNCT
easat-2393	414	8	ali	ali	PROPN
easat-2393	414	9	,	,	PUNCT
easat-2393	414	10	s.	s.	PROPN
easat-2393	414	11	,	,	PUNCT
easat-2393	414	12	&	&	CCONJ
easat-2393	414	13	ali	ali	PROPN
easat-2393	414	14	shah	shah	PROPN
easat-2393	414	15	,	,	PUNCT
easat-2393	414	16	s.	s.	PROPN
easat-2393	414	17	z.	z.	PROPN
easat-2393	414	18	(	(	PUNCT
easat-2393	414	19	2018	2018	NUM
easat-2393	414	20	)	)	PUNCT
easat-2393	414	21	.	.	PUNCT
easat-2393	415	1	herding	herd	VERB
easat-2393	415	2	behavior	behavior	NOUN
easat-2393	415	3	in	in	ADP
easat-2393	415	4	ramadan	ramadan	PROPN
easat-2393	415	5	and	and	CCONJ
easat-2393	415	6	financial	financial	ADJ
easat-2393	415	7	crises	crisis	NOUN
easat-2393	415	8	 	 	SPACE
easat-2393	415	9	:	:	PUNCT
easat-2393	415	10	the	the	DET
easat-2393	415	11	case	case	NOUN
easat-2393	415	12	of	of	ADP
easat-2393	415	13	the	the	DET
easat-2393	415	14	pakistani	pakistani	ADJ
easat-2393	415	15	stock	stock	NOUN
easat-2393	415	16	market	market	NOUN
easat-2393	415	17	.	.	PUNCT
easat-2393	416	1	financial	financial	ADJ
easat-2393	416	2	innovation	innovation	NOUN
easat-2393	416	3	,	,	PUNCT
easat-2393	416	4	4(1	4(1	NOUN
easat-2393	416	5	)	)	PUNCT
easat-2393	416	6	,	,	PUNCT
easat-2393	416	7	1–14	1–14	PROPN
easat-2393	416	8	.	.	PUNCT