De Santis, Roberto A.; Zaghini, Andrea - 2021
We assess the effect and the timing of the corporate arm of the ECB quantitative easing (CSPP) on corporate bond … firms is due to the CSPP and that this effect took at least six months to unfold. This result holds even when comparing … evidence suggests that while all firms increased investment in capital expenditures and intangible assets, the CSPP induced …