| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13717 |
| DP13717 Before the Cult of Equity: New Monthly Indices of the British Share Market, 1829-1929 | |
| Gareth Campbell; Richard Grossman; John Turner | |
| 发表日期 | 2019-05-05 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper presents new monthly capital gains, dividend yield, and total return indices for common equities quoted on British stock exchanges from 1829 to 1929. As well as creating an all-share index, we create a blue-chip index of the 30 largest companies, which we splice to the Financial Times 30 index to create a near-two-century-long (1829-2018) monthly share index. We use the new indices to examine the timing of British business cycles and compare the returns on home and foreign UK investment. We also construct indices for 22 domestic sectors, and calculate CAPM betas for each sector. |
| 主题 | Economic History ; Financial Economics ; Macroeconomics and Growth |
| URL | https://cepr.org/publications/dp13717 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542580 |
| 推荐引用方式 GB/T 7714 | Gareth Campbell,Richard Grossman,John Turner. DP13717 Before the Cult of Equity: New Monthly Indices of the British Share Market, 1829-1929. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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