Bris, Arturo; Koskinen, Yrjö; Nilsson, Mattias - In: Review of Finance 10 (2006) 1, pp. 1-37
We study how the adoption of the euro as the common currency in Europe has affected firms' investment rates. Using corporate data from the eleven countries that adopted the euro in January 1999, as well as from a control sample of five other European countries, our paper shows that: (i) the euro...