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Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Share Trading Activity and the Rise of the Rentier in the UK before 1920
Author(s): Acheson, Graeme G
Coyle, Christopher
Jordan, David P
Turner, John D
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Keywords: Share trading
London Stock Exchange
World War I
Issue Date: 2020
Date Deposited: 25-Sep-2018
Citation: Acheson GG, Coyle C, Jordan DP & Turner JD (2020) Share Trading Activity and the Rise of the Rentier in the UK before 1920. Business History, 62 (6), pp. 982-1001.
Abstract: Using a hand-collected dataset, we examine share trading activity over the period 1882 to 1920 for the North British and Mercantile Insurance Company, one of the largest UK companies of the time. Our main finding is that the steady flow of rentiers into the shareholding constituency of this company stymied share trading activity. Another important finding is that share trading still occurred during the closure of the Stock Exchange in 1914, but on a much-reduced scale. We also find that there was a substantial boom in share trading and in insurance stock prices after World War I.
DOI Link: 10.1080/00076791.2018.1502751
Rights: This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. This is an Accepted Manuscript of an article published by Taylor & Francis Group in Business History on 29 Nov 2018, available online:

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