Country	Stock Market Volatility	Volatility of Real GDP Growth Rate	Cash Flow Risk	Leverage Ratio	Billionaire Wealth/GDP	Gini Coefficient	Volatility of Exchange Rate	Volatility of Inflation	Volatility of Fiscal Deficit/GDP	Trade Openness: (Exports+Imports)/GDP	Stock Market Capitalization/GDP	Stock Turnover/Market Capitalization	Stock Exchange Age	Log of Number of Listed Companies	Log of GDP per capita	Fraction of Time in Which Insider Trading Law is in Place	Fraction of Time Since the First Prosecution of Insider Trading	Insider Trading Index	Insider Trading Index Rescaled by Sample Standard Deviation	Legal Corruption Index
Argentina	21.19357	6.22571	0.84	0.328	26.378		17.23613	25.51127	1.671399	8.152881	1.604509	34.986	144	4.9523	8.910158	0.5714286	0.2857143	4.035	4.788698	4.6
Australia	7.71266	1.71871	0.426	0.198	7.718	35.47667	2.41137	0.0743804	1.859556	18.28227	52.07396	41.9	139	7.070724	9.797162	0.5714286	0.2142857	2.57	3.05005	1.17
Austria	7.83616	1.18097	1.24	0.463	0	23.1	2.7627	0.0099556	0.7201592	38.14658	6.988572	86.05	227	4.639572	10.19721	0.4285714	0	3.185	3.779926	1.21
Belgium	5.44814	1.46065	1.057	0.423	0	26.625	2.7321	0.011258	2.245246	64.8753	38.09903		197	4.930871	10.14732	0.6428571	0.3571429	2.795	3.317078	1.74
Brazil	18.22769	3.35829	1.391	0.934	17.367	59.24916	63.5269	13.39379	5.154411	8.481747	9.744678	44.35	108	6.29803	8.360593	1	1	4.24	5.03199	3.3
Canada	4.97207	2.11165	0.529	0.267	24.898	31.53834	1.0528	0.0173195	1.119076	29.41555	49.41356	44.45	120	7.18045	9.814064	1	1	2.71	3.216201	1.21
Chile	8.11334	2.14861	0.31	0.224	71.74001	51.25	2.21365	0.077033	1.389744	29.70272	28.36062	9.668	105	5.680172	8.067719	1	0.2142857	3.64	4.319916	3.03
China	14.5586	3.02575	0.547	0.553		41.5	12.5297	0.0850485	0.2463283	15.85973	0.5384784	205.665	8	6.480044	6.054355	1	0	4.62	5.48297	4.59
Colombia	8.3525	1.29834	0.945	0.467	0	54.403	1.82255	0.0405134	2.193216	16.39285	2.920336	8.976	70	5.241747	7.496531	0.6428571	0	4.305	5.109131	4.72
Czech	9.37709	5.54867		0.234		26.6	2.87652	0.0160856	1.377599	56.50574	14.88894	41.03333	127	6.837333	8.539738	1	1	5.12	6.076365	3.42
Denmark	5.43602	1.376	0.516	0.325	0	27.85	2.6893	0.012307	2.399007	33.22296	27.14834	41.1	79	5.46806	10.37025	0.5714286	0.2142857	2.105	2.498193	1.36
Egypt	7.49242	1.50193				35	0.20771	0.0171545	4.580659	25.38776	5.022167	27.82	108	6.473891	6.81504	1	0	4.21	4.996386	3.4
Finland	7.73493	3.99547	0.664	0.586	0	27.665	2.77081	0.0206898	5.969365	27.79414	29.06328		86	4.579853	10.0672	0.7142857	0.4285714	2.605	3.091588	1.05
France	6.33377	1.45101	0.597	0.478	13.933	36.6584	2.6306	0.0122525	1.787983	21.974	25.43039		172	6.528688	10.12948	1	1	3.07	3.643445	1.59
Germany	6.36373	1.354	1.02	0.371	46.379	29.72028	2.76106	0.0154868	0.4653682	23.39428	22.88174	131.25	413	6.537416	10.28345	0.3571429	0.2857143	2.48	2.943239	1.22
Greece	11.02561	1.55059	0.455	0.166	66.667	35.11	3.22481	0.0566073	5.040781	21.54305	6.629632	30.005	122	5.42495	9.264382	0.7857143	0.2142857	4.5	5.340555	2.98
Hong Kong	9.3423	3.16824	0.398	0.42	350.959	40.53333	0.11599	0.0749308		130.2915	127.5953	43.65	107	6.412639	9.880636	0.5714286	0.3571429	3.87	4.592877	1.56
Hungary	11.91178	4.40828	0.342	0.17		25.035	1.92793	0.0474783	2.442849	36.14008	1.509955	29.06333	134	3.850147	8.390467	1	0	4.075	4.83617	2.98
India	9.27705	2.11759	0.422	0.546	8.24	30.2925	2.20316	0.0264534	1.38038	10.22889	8.64227	40.865	123	8.89857	5.732644	0.5	0.0714286	4.525	5.370225	3.1
Indonesia	14.41359	1.62141	0.307	0.559	47.713	34.415	9.68353	0.1736003	1.712493	24.65979	0.2849502	39.853	86	5.589119	6.690716	0.8888889	0.3333333	4.555	5.405829	5.53
Ireland	7.00179	3.1246	0.32	0.281	0	37.295	2.7361	0.0766928	3.998312	58.92017	15.58907	24.5	205	4.375757	9.455381	0.6428571	0	2.615	3.103456	1.17
Israel	6.84678	2.14275	0.386	0.296	41.429	35.5	2.07806	0.8604624	2.512327	41.66528	12.4347	48.24667	45	6.473119	9.521342	1	1	3.765	4.468265	1.45
Italy	7.6379	1.3519	0.812	0.718	10.352	34.30584	2.70137	0.0181219	3.113827	21.07717	16.17185	35.3	190	5.478553	9.779462	0.5714286	0.2142857	3.87	4.592877	2.96
Japan	7.49203	1.90897	0.357	0.432	13.395	34.07	3.09597	0.0118101	2.187448	9.420595	133.8727	40.45	120	7.106606	10.55762	0.7857143	0.6428571	2.845	3.376418	1.48
Jordan	4.6	6.68407				43.4	2.03022	0.0812694	4.952196	62.17375	36.91096	20.036	20	4.774913	7.336357	0	0	4.32	5.126934	2.39
Korea	11.1567	2.15275	0.334	2.485	31.987	36.13667	4.0006	0.0224021	0.8821406	32.6916		121.466	42	6.64379	8.972307	1	0.7857143	4.085	4.848038	3.96
Malaysia	10.30111	3.23486	0.388	0.144	70	49.925	2.42251	0.0163677	3.823094	75.84659	67.20725	43.399	25	6.499035	8.095475	1	0.2142857	4.465	5.299017	2.62
Mexico	14.03378	4.21424	0.5	0.342	18.337	52.125	5.53181	0.4181376	6.043462	20.38577	7.516044	41.044	104	5.27556	8.044889	1	0	4.485	5.322753	5.03
Morocco	4.55056	6.01673				39.2	1.69643	0.0158053	2.065362	27.96772	2.009163	8.05	69	3.871201	7.117782	1	0			
Netherland	4.58392	1.02556	0.352	0.247	18.73	29.93834	2.75834	0.0117473	1.547237	50.70744	49.04533	60.7	298	5.342334	10.0871	0.7142857	0.3571429	3.09	3.667181	1.05
Newzland	8.25539	2.2152	0.195	0.265		31.235	2.49922	0.0000573	3.032416	28.47614	30.23493	22.7	128	5.159055	9.610123	0.7857143	0	2.54	3.014447	1.08
Nigeria	15.67407	3.37661				45	15.31713	0.2547449	2.704304	33.19312	4.201731	1.249	38	5.20675	5.401507	1	0			
Norway	7.74871	1.6438	0.819	0.574	0	30.255	2.40432	0.0232689	3.498551	35.84697	14.6033	62.35	179	5.17615	10.30827	1	0.6428571	3.545	4.207171	1
Pakistan	8.85935	2.22337	0.382	0.999		31.21334	1.6116	0.0888735	1.0367	17.63359	6.394137	28.708	51	6.661215	6.105553	0.2857143	0			
Peru	9.82954	7.48818	0.68	0.1	0	49.95	1.24693	24.3639	2.762141	13.50399	3.251209	34.385	47	5.478553	7.720341	1	0.8333333	4.11	4.877707	5.29
Philippines	11.00017	3.77758	0.506	0.239	54.839	46.145	2.96023	0.0672141	1.73565	33.51981	11.30005	26.309	71	5.386786	6.947962	1	0	4.6	5.459234	5.19
Poland	17.64965	5.65998	0.305	0.115		26.06494	109.5529	0.0964802	0.6601155	22.44805	0.18829	105.0367	181	4.727388	7.975913	1	1	3.82	4.533538	2.89
Portugal	10.50884	2.06115	0.872	0.591	0	40.58	3.15565	0.0391588	3.3127	34.50413	14.57466	32.593	173	5.030438	9.148813	1	0	3.555	4.219039	2.02
Russia	28.53327	5.60315				31	117.9005	0.3092326	4.453166	25.84772	0.0450105	15.24	4	4.945208	7.973877	1	0	4.63	5.494838	4.6
Saudi Arabria	4.33914	4.12941					0.01162	0.0045607		38.7958	40.84646	15.6	14	4.241327	8.930826	1	0			8
Singapore	9.08839	3.53166	0.449	0.214	50.873	39	1.39462	0.0141369	5.713775	180.866	93.71519	28.7	68	5.572154	10.02891	1	1	2.44	2.895768	1.4
Slovakia	8.20428	6.45758				19.5	1.74644	0.0065115		51.09074	7.940068	109.42	7	6.738153	8.156979	1	0	4.64	5.506706	4.3
South Africa	9.00008	2.16618	0.269	0.079	13.158	58.4	3.93689	0.0166801	2.5344	24.62314	143.0151	10.256	111	6.452049	8.14159	1	0	4.195	4.978585	2.46
Spain	7.41522	1.8169	0.771	0.293	5.664	34.805	2.7122	0.0208797	1.719137	20.52801	26.43025		167	5.914854	9.479324	0.3571429	0.0714286	3.45	4.094426	2
Sri Lanka	8.97382	1.56385	0.202	0.277		34.46833	0.89886	0.0463205	2.106685	35.2527	6.747304	10.051	102	5.46806	6.438301	1	0.5			
Sweden	6.7534	1.8894	0.628	0.26	0	27.60715	2.54064	0.0323016	5.708905	31.99557	55.0222	39.65	135	5.46806	10.12097	1	0.6428571	2.47	2.931372	1.05
Switzerland	5.59333	1.70248	0.584	0.544	57.031	36.1	3.12851	0.0205443	0.7002488	34.90298	75.39918	47	60	5.36831	10.72899	0.7857143	0.2857143	3.015	3.578172	1.16
Taiwan	13.22485	2.42636	0.448	0.195	48.858	29.31778	1.62808	0.0000985	1.665945				37			0.7857143	0.7142857	4.7	5.577913	3.26
Thailand	11.75545	3.3673	0.435	0.915	39.063	43.97	3.31615	0.0195679	3.181309	36.78699	14.28787	77.526	24	6.092441	7.650791	1	0.4285714	4.73	5.613517	3.17
Turkey	18.2851	4.33277	0.703	0.097	0	51	4.4355	0.1919131	1.781493	18.60754	1.249229	83.588	132	5.493062	7.868678	1	0.25	4.08	4.842103	3.06
United Kingdom	5.61776	2.0922	0.363	0.182	8.557	28.45	2.77061	0.0227314	2.922719	26.48059	92.2916	35.05	225	7.714008	9.784902	1	1	2.255	2.676212	1.14
United States	4.33366	1.69816	0.415	0.16	24.04	37.315	0	0.0115962	1.460743	10.53701	57.2644	73.10001	206	9.067047	10.15034	1	1	2.615	3.103456	1.71
Venezuela	14.67127	4.82559	1.002	0.411	43.103	44.783	8.99418	0.2667879	3.232445	25.514	3.015575	22.461	158	4.494239	8.139258	0.0714286	0	4.83	5.732196	5.53
Zimbabwe	10.88259	4.6604				56.8	4.92849	0.0941148	1.926747	28.84232	9.905356	6.824	102	4.158883	6.472231	0	0	4.135	4.907377	2.51