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We study factors influencing individuals' decisions to purchase Citibank stock during the 1920s. Ownership was encouraged by proximity to New York and higher wealth. Lack of familiarity was also an important barrier. The establishment of Citibank branches within a U.S. county or a foreign...
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that centers on the existence of an increasingly efficient market for bank shares. The stock market was important because …
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that centers on the existence of an increasingly efficient market for bank shares. The stock market was important because …
Persistent link: https://www.econbiz.de/10012462885
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We study factors influencing individuals' decisions to purchase Citibank stock during the 1920s. Citibank stock had a very high price per share and was only an investment option for wealthy people. The willingness to own shares was encouraged by proximity to New York, but constraints related to...
Persistent link: https://www.econbiz.de/10012453283
York adopted free banking, which transformed bank formation from legislative prerogative to administrative procedure. This … distaste for spoils-driven patronage generated pressure to expand access to bank finance, especially among entrepreneurs in …
Persistent link: https://www.econbiz.de/10012455122