A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2022; you can also visit the original URL.
The file type is
This study examines the impact of the introduction of the common currency on the value of European firms. In general, the introduction of the euro appears to have influenced the valuation of Eurozone companies. In particular, based on estimates using an adapted residual earnings model and observed equity prices in the period both before and after currency convergence, it is shown that an appreciation of the exchange rate had greater positive effects on the value of Eurozone companies in thedoi:10.52399/001c.33779 fatcat:xwkoqzc6u5dinkynuoiy44icmu