The Covid-19 pandemic imposes extraordinary policy interventions, like Recovery and Resilience Facility (RRF). This study find that: (i) investors perceive the RRF plan as a credible tool; (ii) several drivers related to trust, and sentiment explain the stock returns heterogeneity.
Graziano, E.A., Fattobene, L., Ricci, O., Scimone, X. (2023). Market reactions to Recovery Fund press releases during COVID-19: An event-study analysis. ECONOMICS LETTERS, 230, 111242 [10.1016/j.econlet.2023.111242].
Market reactions to Recovery Fund press releases during COVID-19: An event-study analysis
Ricci, Ornella;Scimone, Xenia
2023-01-01
Abstract
The Covid-19 pandemic imposes extraordinary policy interventions, like Recovery and Resilience Facility (RRF). This study find that: (i) investors perceive the RRF plan as a credible tool; (ii) several drivers related to trust, and sentiment explain the stock returns heterogeneity.File in questo prodotto:
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