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2018-10-11Diskussionspapier 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.issued2018-10-11
dc.identifier.issn2510-053X
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.isoeng
dc.publisherHumboldt-Universität zu Berlin
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectStock exchangeseng
dc.subjectInvestorseng
dc.subjectCharacteristicseng
dc.subjectInvestment Behavioureng
dc.subject.ddc330 Wirtschaft
dc.titleThe persistence of ownership inequality.
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/20240-4
dc.identifier.doihttp://dx.doi.org/10.18452/19470
local.edoc.pages40
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
dc.title.subtitleInvestors on the German stock exchanges, 1869–1945
dc.identifier.zdb2916406-0
bua.series.nameWorking Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour
bua.series.issuenumber8
bua.departmentPhilosophische Fakultät
bua.series.editorNützenadel, Alexander/ Streb, Jochen

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