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dc.contributor.supervisor Alam, Shamsul
dc.contributor.author Kar, Anirban
dc.date.accessioned 2014-01-31T23:04:09Z
dc.date.available 2014-01-31T23:04:09Z
dc.date.issued 2012
dc.identifier.uri https://hdl.handle.net/10133/3361
dc.description viii, 68 leaves : ill. ; 29 cm en_US
dc.description.abstract This thesis provides new insight into the EMU’s impact on the Euro-area firms’ performance, by examining the firms’ accounting rates of return and financial cash flows. The impact is evaluated separately for the EMU formation and the physical Euro adoption, and over different time horizons. The existing literature does not directly examine these issues. This study uses the regression model of the difference-in-differences approach to examine 121 Euro-area and North American firms, covering 14 sectors, over the period from 1992 to 2008. The results indicate a positive impact of the EMU on the firms’ financial cash flows, especially after the Euro adoption, which support the related literature. However, the accounting rates of return suggest a mostly negative impact. The magnitude of the impacts declines over time. The results are robust with respect to GDP as a control variable. The study also reports the EMU’s impact on 4 major industrial sectors. en_US
dc.language.iso en_CA en_US
dc.publisher Lethbridge, Alta. : University of Lethbridge, Faculty of Management, c2012 en_US
dc.subject European Economic Community -- Economic integration en_US
dc.subject Corporations -- Finance -- Cross-cultural studies en_US
dc.subject Corporate profits -- Cross-cultural studies en_US
dc.subject Profit -- Accounting en_US
dc.subject Rate of return -- European Union Countries en_US
dc.subject Rate of return -- North America en_US
dc.subject Performance en_US
dc.subject Dissertations, Academic
dc.title Is the European Economic and Monetary Union (EMU) detrimental to the Euro-area firms' performance? en_US
dc.type Thesis en_US
dc.publisher.faculty Management en_US
dc.degree.level Masters


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