Effects of the cultural factors on herd behavior manifestation in the stock markets
This paper analyzes cultural factors of the Baltic and Scandinavian societies applying Hofstede’s cultural dimensions’ model, also Herd behavior manifestation probability within stock markets of these countries. It was revealed, that the likelihood of the Herd behavior occurrence is reduced, when dimensions of the individualism, masculinity, uncertainty avoidance, and long-term orientation are dominating cultural environment of the country.
Full Text:PDF (Lithuanian)
ISSN 1822-7996 (Print)
ISSN 2335-8742 (Online)