Purpose: The purpose of this study is to investigate the insights of herding behavior among Confucian markets.Methodology and data: The foundation of the empirical models of this study is based on return dispersion methods developed by Chang, Cheng, and Khorana (2000), Tan, Chiang, Mason, and...

Human activities widely exhibit a power-law distribution. Considering stock trading as a typical human activity in the financial domain, the first aim of this paper is to validate whether the well-known power-law distribution can be observed in this activity. Interestingly, this paper determines...