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The London Stock Exchange 1869-1929: new bloody statistics for old?

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  • Hannah, Leslie

Abstract

Newly-assembled datasets on the size and composition of the London Stock Exchange present some results contradicting conventional wisdom. A forensic examination of one study of corporate equities in the Investor’s Monthly Manual between 1869 and 1929 suggests both idiosyncratic mistakes and generic biases which users of this source need to consider.

Suggested Citation

  • Hannah, Leslie, 2017. "The London Stock Exchange 1869-1929: new bloody statistics for old?," LSE Research Online Documents on Economics 82404, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:82404
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    File URL: http://eprints.lse.ac.uk/82404/
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    References listed on IDEAS

    as
    1. Michie, Ranald, 2001. "The London Stock Exchange: A History," OUP Catalogue, Oxford University Press, number 9780199242559.
    2. Coyle, Christopher & Turner, John D., 2013. "Law, Politics, and Financial Development: The Great Reversal of the U.K. Corporate Debt Market," The Journal of Economic History, Cambridge University Press, vol. 73(3), pages 810-846, September.
    3. repec:ucp:bkecon:9780226301532 is not listed on IDEAS
    4. Rajan, Raghuram G. & Zingales, Luigi, 2003. "The great reversals: the politics of financial development in the twentieth century," Journal of Financial Economics, Elsevier, vol. 69(1), pages 5-50, July.
    5. Richard S. Grossman & Ronan C. Lyons & Kevin Hjortshøj O'rourke & Madalina A. Ursu, 2014. "A monthly stock exchange index for Ireland, 1864–1930," European Review of Economic History, European Historical Economics Society, vol. 18(3), pages 248-276.
    6. Irving Stone, 1999. "The Global Export of Capital from Great Britain, 1865–1914," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-333-98377-5, November.
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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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