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Independent women: Shareholders in the age of the suffragettes

Author

Listed:
  • Acheson, Graeme G.
  • Campbell, Gareth
  • Gallagher, Áine
  • Turner, John D.
Abstract
The early twentieth century saw an increasingly vocal movement which campaigned for women to be able to exercise their political voices independently of men. This coincided with more women participating directly in the stock market. In this paper we analyse whether these female shareholders acted independently of men. We reject the hypothesis that they were heavily influenced by male associates. Using a novel dataset of 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. However, we find that they were deliberately excluded from being eligible for election to boards of directors.

Suggested Citation

  • Acheson, Graeme G. & Campbell, Gareth & Gallagher, Áine & Turner, John D., 2018. "Independent women: Shareholders in the age of the suffragettes," QUCEH Working Paper Series 2018-09, Queen's University Belfast, Queen's University Centre for Economic History.
    • Handle: RePEc:zbw:qucehw:201809
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    More about this item

    Keywords

    Gender; Investment; Stock Market; Railways;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913

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