MRI
MRI India Journals Vol. 15 No. 2 (2026)

An Evaluation of Herd Behaviour in Investment Decisions

Authors

  • Ashwini Chavan Department of MBA, MESIMCC Pune
  • Vedant More Department of MBA, MESIMCC Pune
  • Tanisha Naik Department of MBA, MESIMCC Pune
  • Gayatri Pawar Department of MBA, MESIMCC Pune

DOI:

https://doi.org/10.65521/ijrdmr.v15i2.3217

Keywords:

Herd Behaviour Investment Decisions Behavioural Finance Market Efficiency Financial Literacy Investor Psychology

Abstract

This study examines herd behaviour and its impact on investment decisions among Indian investors. Primary data from 100 structured survey respondents spanning students, private employees, business professionals, and others reveals that a majority of investors are influenced by peer actions despite access to fundamental market information. An inverse relationship between investment experience and susceptibility to herding is established. The findings support rejection of the null hypothesis, confirming that herd behaviour exerts a statistically meaningful influence on investment decisions and contributes to market inefficiency.

 

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Published

2026-05-29

How to Cite

Chavan, A., More, V., Naik, T., & Pawar, G. (2026). An Evaluation of Herd Behaviour in Investment Decisions. International Journal on Research and Development - A Management Review, 15(2), 64–68. https://doi.org/10.65521/ijrdmr.v15i2.3217

Issue

Vol. 15 No. 2 (2026)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.