A new version of this entry is available:

Loading...
Thumbnail Image
ResearchPaper
2014

The geography of stock exchanges in Imperial Germany

Abstract (English)

23 Stock Exchanges were in operation in Germany in 1913. We provide new data about the number of listed firms, their market value, and the number of IPOs between 1897 and 1913 for all exchanges. We assess reasons why a firm opts to be listed at a certain exchange. Large firms tend to be listed and tend to go public at the Berlin Stock Exchange, while the regional stock exchanges were important hosts for small and medium-sized firms. Borders and distance affect listing decisions, suggesting that a patriotic home bias and asymmetric information between issuer and investors affected listing decisions.

File is subject to an embargo until

This is a correction to:

A correction to this entry is available:

This is a new version of:

Notes

Publication license

Publication series

FZID discussion papers; 89

Published in

Faculty
Faculty of Business, Economics and Social Sciences
State Institutes
Institute
Institute of Economics
Forschungszentrum Innovation und Dienstleistung

Examination date

Supervisor

Edition / version

Citation

DOI

ISSN

ISBN

Language
English

Publisher

Publisher place

Classification (DDC)
330 Economics

Original object

BibTeX

@techreport{Lehmann-Hasemeyer2014, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5816}, author = {Lehmann-Hasemeyer, Sibylle and Burhop, Carsten}, title = {The geography of stock exchanges in Imperial Germany}, year = {2014}, school = {Universität Hohenheim}, series = {FZID discussion papers}, }