jbm@fe.unpad.ac.id
Sulaeman Rahman Nidar:

I believe that you would serve as an excellent reviewer of the manuscript, "IDIOSYNCRATIC VOLATILITY AND HERD BEHAVIOR: INDONESIA STOCK MARKET CASE," which has been submitted to Jurnal Bisnis dan Manajemen. The submission's abstract is inserted below, and I hope that you will consider undertaking this important task for us.

Please log into the journal web site by 2019-04-01 to indicate whether you will undertake the review or not, as well as to access the submission and to record your review and recommendation.

The review itself is due 2019-04-08.

Submission URL: http://journal.feb.unpad.ac.id/index.php/jbm/reviewer/submission/50?key=ACCESS_KEY

Thank you for considering this request.

Layyinaturrobaniyah Layyinaturrobaniyah
SCOPUS ID: 57192388917, Universitas Padjadjaran
layyinaturrobaniyah@unpad.ac.id



"IDIOSYNCRATIC VOLATILITY AND HERD BEHAVIOR: INDONESIA STOCK MARKET CASE"

Abstract

Anomalies revealed by various empirical tests of asset pricing models indicate the presence of other risk factors that have not been included in the model. Even the most recent models such as the Fama-French Five Factor still leave several other risk factors included in the error terms produced by the model. An empirical test that tests whether this idiosyncratic risk is related to stock returns becomes necessary and urgent to be able to obtain a solid theoretical understanding. Empirical tests in emerging market stock markets such as the Indonesian stock exchange are important in an effort to sharpen and enrich the understanding of idisyncratic risk because transactions in emerging market stock markets are likely to be influenced by the existence of herding behavior where foreign investors or large investors  often direct trading in several stocks. An empirical test on the relationship between idiosyncratic volatility and herd behavior in the Indonesian stock market shows herd behavior occur especially in stocks that have high idisyncratic risk and take place in the normal period, not in the crisis period. They who involve in herd behavior still avoids too much risk taking, as in times of high uncertainty such as during the crisis period
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Jurnal Bisnis dan Manajemen
http://journal.feb.unpad.ac.id/index.php/jbm