Exchange trading rules

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Mandatory IFRS Reporting and Changes in Enforcement (2013, background): “For instance, Daske et al. (2008) show that market liquidity increases after IFRS adoption, but only in the EU or in countries with strong rule of law.”
Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement (2016, methodology): “The insignificant coefficient on MiFID contrasts with the liquidity results in Cumming, Johan, and Li (2011).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “…studies often emphasize the importance of enforcement (e.g., Frost and Pownall, 1994; Bhattacharya and Daouk, 2002; Hope, 2003; La Porta et al., 2006; Coffee, 2007; Jackson and Roe, 2009; Cumming et al., 2011) and, more recently, the implementation of regulation (e.g., Christensen et al., 2016).”