id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
abrj-577	NGUYEN, Nhu Quan; NGUYEN, Ngoc Nhu Y	Herding Behaviour and Volatility Transmission Mechanisms: Evidence from Vietnam's Emerging Stock Market	2025	11	.pdf	application/pdf	8120	431	13	The positive correlation between herding behaviour and volatility (0.234) provides initial support for the Asian Business Research Journal, 2025, 10(9): 88-98 94 © 2025 by the authors; licensee Eastern Centre of Science and Education, USA study's central hypothesis that collective investor behaviour influences market volatility patterns. Test Statistic p-value Interpretation Pesaran CD 15.234 0.000 Cross-sectional dependence present Friedman 1234.56 0.000 Cross-sectional dependence present Frees 2.345 0.000 Cross-sectional dependence present Modified Wald 2345.67 0.000 Heteroskedasticity present Wooldridge AR(1) 145.67 0.000 Autocorrelation present Cross-sectional dependence testing reveals significant correlation patterns across firm-specific residuals, indicating that common factors beyond included regressors influence Vietnamese equity market volatility patterns.	cache/abrj-577.pdf	txt/abrj-577.txt