Market reactions to Recovery Fund press releases during COVID-19: An event-study analysis

Elvira Anna Graziano, Lucrezia Fattobene, Ornella Ricci and Xenia Scimone

Economics Letters, 2023, vol. 230, issue C

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.

Keywords: Recovery and resilience facilities; Covid-19; Event study; Stock return (search for similar items in EconPapers)
JEL-codes: D53 G14 G15 G28 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:230:y:2023:i:c:s0165176523002677

DOI: 10.1016/j.econlet.2023.111242

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