European Union Enlargement and Equity Markets in Accession Countries

European Union Enlargement and Equity Markets in Accession Countries
The announcement of the European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was a result of the repricing of systematic risk due to the integration of accession countries into the world market. We found that firm-level stock price... READ MORE...

Publication date: September 2005
ISBN 9781451862010
$15.00

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