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Die Aktionärsstruktur der Deutschen Bank, 1870-1929

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  • Bol Angela

    (Universität Wien, Institut für Wirtschafts- und Sozialgeschichte, Universitätsring 1, A-1010 Wien, Österreich, Vienna, Austria)

Abstract

I examine the ownership of Deutsche Bank between 1870 and 1930 by using shareholder lists of the general meetings from the archive in Berlin. I show that Deutsche Bank had more than 200 shareholders and was mainly widely held. The bank had no single dominant shareholder owning more than 25 percent of shares. However, attendance at general meetings was low and shareholders remained mostly anonymous. As a consequence, the general meetings of Deutsche Bank were dominated by banks and inside shareholders. Banks – holding shares predominantly as custodians of other investors – played an important role in affecting the outcome of the general meeting.

Suggested Citation

  • Bol Angela, 2018. "Die Aktionärsstruktur der Deutschen Bank, 1870-1929," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 59(1), pages 135-156, May.
    • Handle: RePEc:bpj:jbwige:v:59:y:2018:i:1:p:135-156:n:6
    DOI: 10.1515/jbwg-2018-0006
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    Keywords

    Financial markets; corporate finance; ownership structure; financial institutions; corporate governance; Deutsche Bank; Finanzmärkte; Unternehmensfinanzierung; Aktionärsstrukur; Finanzinstitutionen;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G - Financial Economics
    • G - Financial Economics
    • G - Financial Economics
    • G - Financial Economics

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