The geography of stock exchanges in Imperial Germany

Lehmann-Hasemeyer, Sibylle; Burhop, Carsten

The geography of stock exchanges in Imperial Germany

dc.contributor.author	Lehmann-Hasemeyer, Sibylle	de
dc.contributor.author	Burhop, Carsten	de
dc.date.accessioned	2024-04-08T08:49:52Z
dc.date.available	2024-04-08T08:49:52Z
dc.date.created	2014-07-01
dc.date.issued	2014
dc.description.abstract	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.	en
dc.identifier.swb	408660279
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5816
dc.identifier.urn	urn:nbn:de:bsz:100-opus-9834
dc.language.iso	eng
dc.relation.ispartofseries	FZID discussion papers; 89
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Financial development	en
dc.subject	Regional stock exchanges	en
dc.subject	IPOs	en
dc.subject	Germany	en
dc.subject	Economic history	en
dc.subject.ddc	330
dc.subject.gnd	Wirtschaftsgeschichte	de
dc.subject.gnd	Börse	de
dc.subject.gnd	Going Public	de
dc.title	The geography of stock exchanges in Imperial Germany	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.faculty.number	7	de
local.institute.number	520	de
local.institute.number	795	de
local.opus.number	983
local.series.issueNumber	89
local.series.title	FZID discussion papers
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.faculty	Landesanstalten	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de
local.university.institute	Forschungszentrum Innovation und Dienstleistung	de

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