| Abstract |
A stock exchange is a market that is premeditated for the sale and purchase of securities of corporations and municipalities. Countries with poor governance and poor stock exchange may survive in good weather, but in these turbulent times, any country that has been hiding its shaky foundations is likely to be exposed. This paper is an attempt to compare exchange efficiency of different stock exchange in terms
of market capitalization and trading volume since inception till date. The exchanges which have being considered for study are National stock exchange (NSE), Australia Securities exchange (ASX), Swiss Exchange (SWX), London Stock Exchange (LSE) and Karachi Stock Exchange (KSE). |
| Referenceses |
[1]. Atkinson S. and P. Wilson, 1995, Comparing Mean Efficiency and Productivity Scores from Small Samples: a Bootstrap Methodology, Journal of Productivity Analysis, 6, 137-152.
[2]. Banker R.D., Charnes A. and W.W. Cooper, 1984, Some Models for Estimating Technical and Scale Efficiency in Data Envelopment
Analysis, Management Science, 30,1078-1092.
[3]. Berg S.A., Førsund F.R., Hjalmarsson L. and M. Suominen, 1993, Bank Efficiency in the Nordic Countries, Journal of Banking and Finance, 17, 371-388.
[4]. Carbo, S., Gardener E.P.M. and J. Williams, 1999, ‘Efficiency and Technical Change in the European Savings Bank Sector’, paper
presented at the Annual Seminar of the European Association of University Teachers of Banking and Finance (Lisbon, 2-3 September1999).
[5].Karachi stock exchange, http:\\www.kse.com
[6]. Australian stock exchange,http:\\www.asx.com
[7]. National stock exchange,http:\\www.nseindia.com
[8]. Swiss stock exchange,http:\\www.swx.com
[9].London stock exchange, http:\\www.londonstockexchange.com |
