The Berlin stock exchange and the geography of German stock markets in 1913

GND
1011476126
VIAF
3554063
ORCID
0000-0002-2714-6558
Affiliation
Universität Wien, Institutfür Wirtschafts- und Sozialgeschichte, Max Planck Institute for Research on Collective Goods, Bonn, Germany
Burhop, Carsten;
GND
1028903324
VIAF
280653929
ORCID
0000-0002-5645-5923
Affiliation
Universität Hohenheim, Institutfür Wirtschafts- und Sozialgeschichte mit Agrargeschichte, CEPR, Germany
Lehmann-Hasemeyer, Sibylle

Multiple stock exchanges have been in operation in Germany since the nineteenth century. We provide new data on the number of listed firms, the market value and industry characteristics for the benchmark year 1913 to understand the geography of stock market listings. We find that large firms tended to be listed on the Berlin stock exchange while the regional stock exchanges were important hosts for small- and medium-sized firms. We show that the geographic distance between the stock exchange and corporate headquarters is negatively related to listing decisions.

Data appendix to:
Carsten Burhop/Sibylle Lehmann-Hasemeyer: The Berlin stock exchange and the geography of German stock markets in 1913, in: European Review of Economic History 20 (2016)/4, pp. 429–451, https://doi.org/10.1093/ereh/hew010

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