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Data Sources on the 19th and Early 20th Century German Capital Market: Challenges and Opportunities

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  • Lehmann-Hasemeyer Sibylle

    (University of Hohenheim, Stuttgart, Germany)

  • Opitz Alexander

    (University of Hohenheim, Stuttgart, Germany)

Abstract

This article provides a comprehensive overview of the most important sources and data available for the German capital market, highlighting their capabilities and limitations. We focus on firm-specific information related to stock corporations and price data for the 19th and early 20th Century. By reviewing examples from existing literature, we illustrate the practical applications of these sources. We also launch a new stock index derived from the daily prices of 39 banks listed on the Berlin Stock Exchange, demonstrating the potential of price data for market analysis.

Suggested Citation

  • Lehmann-Hasemeyer Sibylle & Opitz Alexander, 2024. "Data Sources on the 19th and Early 20th Century German Capital Market: Challenges and Opportunities," German Economic Review, De Gruyter, vol. 25(4), pages 371-391.
    • Handle: RePEc:bpj:germec:v:25:y:2024:i:4:p:371-391:n:1005
    DOI: 10.1515/ger-2024-0067
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    References listed on IDEAS

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    1. Sibylle Lehmann-Hasemeyer & Jochen Streb, 2016. "The Berlin Stock Exchange in Imperial Germany: A Market for New Technology?," American Economic Review, American Economic Association, vol. 106(11), pages 3558-3576, November.
    2. Fohlin, Caroline, 2010. "Asymmetric Information, Market Power, and the Underpricing of New Stock Issues in Germany, 1882–1892," The Journal of Economic History, Cambridge University Press, vol. 70(3), pages 630-656, September.
    3. Fabio Braggion & Felix von & Nic Schaub & Tarun Ramadorai, 2023. "Inflation and Individual Investors’ Behavior: Evidence from the German Hyperinflation," The Review of Financial Studies, Society for Financial Studies, vol. 36(12), pages 5012-5045.
    4. Carsten Burhop & Sibylle Lehmann-Hasemeyer, 2016. "The Berlin stock exchange and the geography of German stock markets in 1913," European Review of Economic History, European Historical Economics Society, vol. 20(4), pages 429-451.
    5. Lehmann-Hasemeyer, Sibylle & Hauber, Philipp & Opitz, Alexander, 2014. "The Political Stock Market in the German Kaiserreich — Do Markets Punish the Extension of the Suffrage to the Benefit of the Working Class? Evidence from Saxony," The Journal of Economic History, Cambridge University Press, vol. 74(4), pages 1140-1167, December.
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