Democratic prospects in Imperial Russia : the revolution of 1905 and the political stock market

Opitz, Alexander

Democratic prospects in Imperial Russia : the revolution of 1905 and the political stock market

dc.contributor.author	Opitz, Alexander	de
dc.date.accessioned	2024-04-08T08:52:10Z
dc.date.available	2024-04-08T08:52:10Z
dc.date.created	2016-01-15
dc.date.issued	2015
dc.description.abstract	This paper assesses the attitude of investors towards Democratic change by performing an event study using Russian government bonds. The Revolution of 1905 offers an ideal occasion as, alongside the related revolutionary events, it was accompanied by two opposing constitutional changes within a short period of time. This study contributes to the debate as to whether Imperial Russia could possibly have followed other Western European states, i.e. gradually adopting a democratic rule, or whether a revolution was inevitable – as the writing of Soviet history suggests. Furthermore, the Russo-Japanese War is taken into consideration. The results are basically in line with the literature on the impact of wars on capital markets. Prices of two types of bonds on both the Saint Petersburg and the Berlin stock exchange are employed. As it turns out, investors in the East and West were largely consistent in their reactions.	en
dc.identifier.swb	454061390
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5980
dc.identifier.urn	urn:nbn:de:bsz:100-opus-11714
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2015,15
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Russian economic history	en
dc.subject	Political stock market	en
dc.subject	Democratic change	en
dc.subject	Impact war on stock markets	en
dc.subject.ddc	330
dc.subject.gnd	Russland	de
dc.subject.gnd	Geschichte	de
dc.subject.gnd	Kapitalmarkt	de
dc.title	Democratic prospects in Imperial Russia : the revolution of 1905 and the political stock market	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.export.bibtex	@techreport{Opitz2015, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5980}, author = {Opitz, Alexander}, title = {Democratic prospects in Imperial Russia : the revolution of 1905 and the political stock market}, year = {2015}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Opitz, Alexander
local.export.bibtexKey	Opitz2015
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1171
local.series.issueNumber	2015,15
local.series.title	Hohenheim discussion papers in business, economics and social sciences
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.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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