Independent women

investing in British Railways, 1870-1922

Graeme G. Acheson, Gareth Campbell, Áine Gallagher, John D. Turner

Research output: Contribution to journalArticle

Abstract

The early twentieth century saw the British capital market reach a state of maturity before any of its global counterparts. This coincided with more women participating directly in the stock market. In this paper, we analyse whether these female shareholders chose to invest independently of men. Using a novel dataset of almost 500,000 shareholders in some of the largest British railways, we find that women were much more likely to be solo shareholders than men. There is also evidence that they prioritised their independence above other considerations such as where they invested or how diversified they could be.
Original languageEnglish
Pages (from-to)1-44
Number of pages44
JournalEconomic History Review
Publication statusAccepted/In press - 3 Dec 2019

Fingerprint

Railway
Shareholders
Investing
Stock Market
Maturity
Solo
Capital markets
20th century
Stock market

Keywords

  • gender
  • investment
  • stock market
  • railways

Cite this

Acheson, G. G., Campbell, G., Gallagher, Á., & Turner, J. D. (Accepted/In press). Independent women: investing in British Railways, 1870-1922. Economic History Review, 1-44.
Acheson, Graeme G. ; Campbell, Gareth ; Gallagher, Áine ; Turner, John D. / Independent women : investing in British Railways, 1870-1922. In: Economic History Review. 2019 ; pp. 1-44.
@article{bd50575c9b524ab28f5a4008ffdf45bd,
title = "Independent women: investing in British Railways, 1870-1922",
abstract = "The early twentieth century saw the British capital market reach a state of maturity before any of its global counterparts. This coincided with more women participating directly in the stock market. In this paper, we analyse whether these female shareholders chose to invest independently of men. Using a novel dataset of almost 500,000 shareholders in some of the largest British railways, we find that women were much more likely to be solo shareholders than men. There is also evidence that they prioritised their independence above other considerations such as where they invested or how diversified they could be.",
keywords = "gender, investment, stock market, railways",
author = "Acheson, {Graeme G.} and Gareth Campbell and {\'A}ine Gallagher and Turner, {John D.}",
year = "2019",
month = "12",
day = "3",
language = "English",
pages = "1--44",
journal = "Economic History Review",
issn = "0013-0117",

}

Acheson, GG, Campbell, G, Gallagher, Á & Turner, JD 2019, 'Independent women: investing in British Railways, 1870-1922', Economic History Review, pp. 1-44.

Independent women : investing in British Railways, 1870-1922. / Acheson, Graeme G.; Campbell, Gareth; Gallagher, Áine; Turner, John D.

In: Economic History Review, 03.12.2019, p. 1-44.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Independent women

T2 - investing in British Railways, 1870-1922

AU - Acheson, Graeme G.

AU - Campbell, Gareth

AU - Gallagher, Áine

AU - Turner, John D.

PY - 2019/12/3

Y1 - 2019/12/3

N2 - The early twentieth century saw the British capital market reach a state of maturity before any of its global counterparts. This coincided with more women participating directly in the stock market. In this paper, we analyse whether these female shareholders chose to invest independently of men. Using a novel dataset of almost 500,000 shareholders in some of the largest British railways, we find that women were much more likely to be solo shareholders than men. There is also evidence that they prioritised their independence above other considerations such as where they invested or how diversified they could be.

AB - The early twentieth century saw the British capital market reach a state of maturity before any of its global counterparts. This coincided with more women participating directly in the stock market. In this paper, we analyse whether these female shareholders chose to invest independently of men. Using a novel dataset of almost 500,000 shareholders in some of the largest British railways, we find that women were much more likely to be solo shareholders than men. There is also evidence that they prioritised their independence above other considerations such as where they invested or how diversified they could be.

KW - gender

KW - investment

KW - stock market

KW - railways

UR - https://onlinelibrary.wiley.com/journal/14680289

M3 - Article

SP - 1

EP - 44

JO - Economic History Review

JF - Economic History Review

SN - 0013-0117

ER -