Blasco de las Heras, NatividadCorredor Casado, María PilarFerreruela Garcés, Sandra2021-03-152021-03-1520171544-612310.1016/j.frl.2017.01.006https://academica-e.unavarra.es/handle/2454/39414Our findings indicate that herding behavior is affected not only by the cultural variables already discussed in the literature but also by other variables associated with organizational and environmental issues such as governance, technology, education and training, business style and conditions, and the development of equity and non-equity markets. Some of these act as catalysts, for example governance and technology. Others may have a corrective effect, such as the development of financial markets, business style, and education and training. If corrective factors are sufficiently developed, intentional herding practices could be reduced in the future.3 p.application/pdfeng© 2017 Elsevier Inc. This manuscript version is made available under the CC-BY-NC-ND 4.0HerdingCultureGovernanceEducation and trainingFinancial developmentBusiness styleTechnologyinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccessAcceso abierto / Sarbide irekia