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2018-10-11Diskussionpapier DOI: 10.18452/19470
The persistence of ownership inequality.
dc.contributor.authorLehmann-Hasemeyer, Sibylle
dc.contributor.authorNeumayer, Andreas
dc.date.accessioned2018-10-11T13:45:20Z
dc.date.available2018-10-11T13:45:20Z
dc.date.issued2018-10-11none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/20240
dc.description.abstractWe study the ownership structure of joint-stock firms for the period of 1869 to 1945 based on a unique hand-collected data set. The data covers a selection of 785 general meetings of 276 firms, including details of more than 10,000 investors. We show that after the hyperinflation of 1923, when shares became cheaper, the ownership share among lower social classes rose significantly. Moreover, with the rise of women rights after 1919, the number of shares owned by women also increased significantly. However, despite these shifts, the majority of shares remained in the hands of institutional investors and investors from the upper class, who mainly constituted and controlled the general meetings. Thus, despite the increased participation of women and the lower social classes, a stark inequality of opportunities persisted.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.subjectStock exchangeseng
dc.subjectInvestorseng
dc.subjectCharacteristicseng
dc.subjectInvestment Behavioureng
dc.subject.ddc330 Wirtschaftnone
dc.titleThe persistence of ownership inequality.none
dc.typeworkingPaper
dc.subtitleInvestors on the German stock exchanges, 1869–1945none
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/20240-4
dc.identifier.doihttp://dx.doi.org/10.18452/19470
local.edoc.container-titleWorking Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviournone
local.edoc.container-creatorNützenadel, Alexander/ Streb, Jochennone
local.edoc.container-issn2510-053Xnone
local.edoc.pages40none
local.edoc.type-nameDiskussionpapier
local.edoc.institutionPhilosophische Fakultätnone
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-urlhttps://www.experience-expectation.de/working-papersnone
local.edoc.container-issue8none
local.edoc.container-erstkatid2916406-0

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