Adiabatic shear banding
The subject of adiabatic shear banding is quite classical and the main assumption is that it consists of structural/mechanical instability in which the thermal softening effects play a dominant role in the generation of the band (Zener-Hollomon).
I would like to focus on the phase that precedes global failure, namely up to the peak stress or strain) at which the material starts to exhibit negative strain hardening.