What is it about?
This article uses a hand-collected database to show how many and what kind of securities were listed in Helsinki Stock Exchange from 1912 to 1981. In addition, the trading procedures that were in use during the same period are explained.
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Why is it important?
Stock markets are one of the key institutional intermediaries in well functioning market economy. Historical data is the basis for long-term analysis that is of major importance to many types of empirical questions.
Perspectives
This article is the first in series of articles that are based on a newly updated historical database on Helsinki Stock Exchange in Finland. A post script to this article: In the article I comment “It is not known whether copies of these sheets [price quotation lists] were produced by the HSE itself, but it seems evident as several newspapers published the quotation list the next day.” I have later discovered the master’s thesis by Eeva Kokki (2005). She notes, based on an interview with the HSE’s employee, that it was indeed the case (“Couriers were eagerly waiting for the protocol lists that were handed out by the porter. … The press also got these lists.”, my translation).
Professor Mika Vaihekoski
Turun Yliopisto
Read the Original
This page is a summary of: Helsinki Stock Exchange: trading and listed securities, 1912–1981, Financial History Review, December 2022, Cambridge University Press,
DOI: 10.1017/s0968565022000208.
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