Stock culture

from Wikipedia, the free encyclopedia

The share culture is the extent to which shares are used as a financing and investment object and the public's acceptance of stock exchange trading . Characteristics of a pronounced stock culture can be, for example, regular IPOs , a high proportion of shareholders , and a wide range of financial publications, as well as the experience of a large number of investors with various market situations such as bull and bear markets .

Situation in Germany

The stock culture in Germany has repeatedly been classified as underdeveloped in the media. One of the reasons for this was the negative experience with the Telekom share, which was formerly celebrated as the “people 's share”, and with a series of dubious IPOs in the period from 2007 to 2012.

“The Germans always perceive the stock exchange as something disreputable. For them, the stock market is the place where people romp about who want to get some undeserved money. "

- Jens Ehrhardt

As a student and non-profit association, the Federal Association of Stock Exchange Associations at German Universities pursues the goal of promoting equity culture in Germany.

criticism

The spread of shares as a form of investment during the 1990s went hand in hand with the spread of the controversial shareholder value principle. This means that the share culture is also an object of criticism of the alignment of corporate strategies with shareholder interests.

Individual evidence

  1. ↑ Klaus R. Heilmann: Success factors of stock exchanges in international competition: Analysis on the basis of a worldwide empirical survey. Springer-Verlag, 2013, page 94.
  2. ↑ Heike Buchter: Plea for a new German equity culture , zeit.de, October 24, 2013, accessed on May 11, 2014
  3. ↑ Volker Meister: There is a lack of equity culture , Hamburger Abendblatt, May 5, 2011, accessed on May 11, 2014
  4. ^ Volksaktien erodieren die Aktienkultur , welt.de, June 20, 2002, accessed on May 11, 2001
  5. ^ Hanno Mussler: Deutsche Börse im Abseits , faz.net, September 4, 2013, accessed on May 11, 2014.
  6. ↑ Rolf Obertreis: streetlight manufacturers suspected of fraud , faz.net, January 2, 2013, accessed on May 11, 2014
  7. ↑ "The stock market has gone pretty crazy" , faz.net, May 12, 2014, accessed on May 12, 2014