...João Paulo Vieito; Christian Espinosa; Wing-Keung Wong; Munkh-Ulzii Batmunkh; Enkhbayar Choijil; Mustafa Hussien Purpose It has been argued in the literature that structural changes in the financial markets, such as integration, have the potential to cause herding behavior or correlated behavioral...

... enforcement, less stringent reporting requirements, issues in information disclosure and less educated investors (Bhutta et al., 2021 ; Lao and Singh, 2011). Herding behavior and other market anomalies in emerging economies have been linked to such difficulties (Chang et al., 2000 ; Lao...