Zahra  Takbiri, Mahdi  Fadaee, 
    The Herding Behavior of Investors in the New Financial Markets in
Iran (Case Study Sukuk Murabahah),
    International Business Management,
    Volume 10,Issue 30,
    2016,
    Pages 6816-6822,
    ISSN 1993-5250,
    ibm.2016.6816.6822,
    (https://makhillpublications.co/view-article.php?doi=ibm.2016.6816.6822)
    Abstract: The aim of this study was to analyze the herding behavior of investors in new markets of financing
in the capital market of Iran (Sukuk Murabahah) in the period 1390-1394 using daily data and applying
models in the Iranian capital market. The research was conducted by using correlation method and regression
analysis. The results showed the absence of herding behavior among investors of Sukuk Murabahah in the
studied period. The results also showed that investors in this market have not shown herding behavior in the
periods of stress.
    Keywords: Herding behavior;Islamic bonds;Sukuk Murabahah;regression analysis;capital market