Survey_CJL_2011

Abstract

Our sample comprises 42 stock exchanges that are members of the World Federation of Exchanges (2006–2008) and are included in commonly used data sources such as Thomson Reuters Datastream. The sample comprises Argentina, Australia, Austria, Bermuda, Brazil, Canada, China (Shanghai and Shenzhen), Chile, Colombia, Egypt, France, Germany, Greece, Hong Kong, India (Bombay and the National Stock Exchange of India), Indonesia, Ireland, Israel, Italy, Japan, Jordon, Korea, Malaysia, Mexico, New Zealand, Norway, Peru, Philippines, OMX (Sweden, Finland, Denmark), Singapore, Slovenia, Spain, Sri Lanka, Switzerland, Taiwan, Thailand, Turkey, the United Arab Emirates, the U.K., and the U.S. (NASDAQ and NYSE). Trading rules for these stock exchanges are found on the each exchange's webpage, with the sole exception of China, where the pertinent trading rules for the Shanghai and Shenzhen exchange are found on the China Securities and Regulatory Commission webpage.