Die Aktionärsstruktur der Deutschen Bank, 1870-1929
Bol Angela ()
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Bol Angela: Universität Wien, Institut für Wirtschafts- und Sozialgeschichte, Universitätsring 1, A-1010 Wien, Österreich, Vienna, Austria
Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, 2018, vol. 59, issue 1, 135-156
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.
Keywords: Financial markets; corporate finance; ownership structure; financial institutions; corporate governance; Deutsche Bank; Finanzmärkte; Unternehmensfinanzierung; Aktionärsstrukur; Finanzinstitutionen (search for similar items in EconPapers)
JEL-codes: G (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jbwige:v:59:y:2018:i:1:p:135-156:n:6
DOI: 10.1515/jbwg-2018-0006
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