ub.xmlui.mirage2.page-structure.muninLogoub.xmlui.mirage2.page-structure.openResearchArchiveLogo
    • EnglishEnglish
    • norsknorsk
  • Velg spraakEnglish 
    • EnglishEnglish
    • norsknorsk
  • Administration/UB
View Item 
  •   Home
  • Fakultet for biovitenskap, fiskeri og økonomi
  • Handelshøgskolen ved UiT
  • Artikler, rapporter og annet (Handelshøgskolen)
  • View Item
  •   Home
  • Fakultet for biovitenskap, fiskeri og økonomi
  • Handelshøgskolen ved UiT
  • Artikler, rapporter og annet (Handelshøgskolen)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Informed investors, screening, and sorting on the London capital market, 1891-1913

Permanent link
https://hdl.handle.net/10037/31648
DOI
https://doi.org/10.1016/j.eeh.2023.101515
Thumbnail
View/Open
article.pdf (693.9Kb)
Accepted manuscript version (PDF)
Date
2023-02-02
Type
Journal article
Tidsskriftartikkel
Peer reviewed

Author
Fjesme, Sturla Lyngnes; Hannah, Leslie; Moore, Lyndon
Abstract
Thousands of prospectuses offered shares to British investors at the turn of the twentieth century. We find evidence that there were informed investors who participated in the market at this time. Firms that attracted additional investor demand were more likely to be listed on the London Stock Exchange, survive longer, and achieve better long-run equity returns. We find that the exchange screened lower quality firms away from the main board. The lowest quality firms sorted themselves and did not apply to either the London Stock Exchange main or second board.
Publisher
Elsevier
Citation
Fjesme, Hannah, Moore. Informed investors, screening, and sorting on the London capital market, 1891-1913. Explorations in economic history (EEH). 2023
Metadata
Show full item record
Collections
  • Artikler, rapporter og annet (Handelshøgskolen) [632]
Copyright 2023 The Author(s)

Browse

Browse all of MuninCommunities & CollectionsAuthor listTitlesBy Issue DateBrowse this CollectionAuthor listTitlesBy Issue Date
Login

Statistics

View Usage Statistics
UiT

Munin is powered by DSpace

UiT The Arctic University of Norway
The University Library
uit.no/ub - munin@ub.uit.no

Accessibility statement (Norwegian only)