This research investigates whether the major stock markets in Latin America (Brazil, Mexico, Chile, Colombia, Peru and Argentina) exhibited herd behavior over the period January 2, 2002 to June 30, 2014, using the variation in the returns overall and by sector in the most representative stock market index in each country, using the model proposed by Christie y Huang (1995). The results do not reveal any herd behavior in the total market, or in the sectors of the markets examined in the study.
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机译：这项研究使用整体和各行业回报率的变化，调查了拉丁美洲主要市场（巴西，墨西哥，智利，哥伦比亚，秘鲁和阿根廷）在2002年1月2日至2014年6月30日期间是否表现出羊群行为。使用Christie y Huang（1995）提出的模型在每个国家的最具代表性的股票市场指数中排名。结果并未显示整个市场或研究中调查的市场部门的任何畜群行为。
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