Controlling effect of tectonic-paleogeomorphology on deposition in the south of Lufeng sag, Pearl River Mouth Basin

Paleogene depositional systems in the south of Lufeng sag have complex spatial distribution, which are influenced by pre-depositional paleogeomorphology and multi-period tectonic activities. In this paper, to clarify the controlling effect of tectonic-paleogeomorphology on sedimentary facies distribution and effectively guide oil and gas exploration, the Paleogene paleogeomorphic pattern in the south of Lufeng sag is reconstructed by the impression method, and the temporal and spatial evolution laws of the main faults are clarified. The results show that braided river deltas developed stably in the long-axis gentle slope belt of the lake basin, while the short-axis sedimentary system changed from fan deltas to braided river deltas in response to the change of active strength of dominant faults from strong to weak. It is found that the scale of the sedimentary fan is closely related to the activity of the main fault, the area of the catchment, and the vertical elevation difference. The steep cliff is controlled by the boundary fault with large fault throw and steep section, and there are wedge-shaped sand bodies near the steep cliff. The multi-level fault-step zone provides the driving force for the advancement of the sedimentary system, and the sand body extends for a long distance. It is established that the supply capacity of the source area and the accommodated space of the lake basin are coupled to control the deposition scale. Moreover, the slope controlled by the combination of paleogeomorphic assemblage and the activity of the main fault determines the sedimentary type, and the structural slope-break zone defines the spreading pattern of the sands.Cited as: Jiang, M., Chen, D., Chang, X., Shu, L., Wang, F. Controlling effect of tectonic-paleogeomorphology on deposition in the south of Lufeng sag, Pearl River Mouth Basin. Advances in Geo-Energy Research, 2022, 6(5): 363-374. https://doi.org/10.46690/ager.2022.05.0

INDUSTRY HERDING BEHAVIOR IN BULL AND BEAR MARKETS: EVIDENCE FROM MOROCCO

This paper investigate sherding behavior on the Moroccan Stock Exchange using daily data of listed firms. We follow the methodology of (Chang et al., 2000) to test for the presence of herding behaviour in the context of market level and industry level during rising and falling market. At the market level, the empirical evidence indicates that herding is more pronounced in down market and no evidence of herding is reported during rising market. However, when testing industry herding behavior, we find that industry herding is more pronounced in down markets (11 of 24 industries) and only (3 of 24 industries) during up markets. Overall, the empirical results suggest that investors tend to herd more during bearish market due to the behavior of “flight to safety”