Do U.S. Firms Trade at a Valuation Premium? A Comparison with European Firms
| Rezai, Alia | ||
| Grauntanu, Anastasia-Gabriela | ||
| University of Gothenburg/Graduate School | eng | |
| Göteborgs universitet/Graduate School | swe | |
| 2026-07-02T11:45:29Z | ||
| 2026-07-02 | ||
| MSc in Finance | ||
| This paper examines whether U.S. firms exhibit a valuation premium relative to devel oped market European firms. This issue is important for understanding cross-country differences in capital allocation and the cost of capital. Using panel data on 701 firms from 2000 to 2025, we estimate a random effects model with Tobin’s Q as the dependent variable. The main contribution is a firm-level U.S.-Europe comparison that combines selected firm characteristics and industry effects. The results show that a statistically significant U.S. valuation premium persists after controlling for the factors included in the model. | ||
| https://hdl.handle.net/2077/92312 | ||
| eng | ||
| 2026:19 | ||
| SocialBehaviourLaw | ||
| Valuation Gap | ||
| US GAAP | ||
| IFRS, Tobin’s Q | ||
| Do U.S. Firms Trade at a Valuation Premium? A Comparison with European Firms | ||
| Text | ||
| Master 2-years | ||
| H2 |