This paper examines long memory volatility in international stock markets. We show that long memory volatility is … the cross-sectional dimension. We also find that developed countries possess longer memory in volatility than emerging and …

assertion by determining whether religiosity in countries is negatively associated with volatility in financial markets. Using a … country's religiosity by examining the volatility of American Depositary Receipts (ADRs) while conditioning on a number of … adherence and religious beliefs negatively affect the level of ADR volatility …