Most of the behaviour finance literature studies investor sentiment at its aggregate level. However, we argue that with the progress of economic integration and globalization, it is important to differentiate investor sentiment only confined within the market from sentiment across international...

Should investors diversify across emerging stock markets or across industries to achieve improvements in their risk–return tradeoffs especially during financial crisis periods? We examine the issue using individual firm data from a selection of emerging markets and including the period of the...

Following Roll [Roll, R., 1992. Industrial structure and comparative behaviour of international stock market indices. Journal of Finance 47, 3-42] and Heston and Rouwenhorst [Heston, S.L., Rouwenhorst, G.K., 1994. Does industrial structure explain the benefits of international diversification....