THE GLOBAL SPREAD OF STOCK EXCHANGES, 1980-2005

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Varieties of institutional systems: A contextual taxonomy of understudied countries (2016, background): “Weber, Davis, and Lounsbury (2009) show that a country’s historically favoring of investor-based systems (e.g., British colonies) increases the likelihood of stock exchange adoption and reliance on equity markets as the source of firm financial capital.”
State Capacity, Minority Shareholder Protections, and Stock Market Development (2016, methodology): “…documented the coercive effect of multilateral organizations such as the IMF on the adoption of privatization policies (Henisz, Zelner, and Guillén, 2005; Kogut and Macpherson, 2008), central bank independence (Polillo and Guillén, 2005), and stock markets (Weber, Davis, and Lounsbury, 2009).”
Financialization of the Economy (2015, background): “Consistent with this argument, most former British colonies have domestic stock markets, while few former French colonies do, arguably because the former have legal systems with more comprehensive protection of investor rights (Weber et al 2009).”
The Rise of Socially Responsible Investment Funds: The Paradoxical Role of the Financial Logic (2019, background): “Although our data are comparable with prior studies on similar topics (Khorana, Servaes, and Tufano, 2005; Weber, Davis, and Lounsbury, 2009; Lim and Tsutsui, 2012; Guillén and Capron, 2016), we encourage future researchers to develop and make available more fine-grained data at the cross-national…”