This paper examines the crowding-out effect of the sudden onset of COVID-19 on the share price bubbles of over … crowding-out effect on the share price bubbles of over-financialized firms, which can be attributed to its impact on both …, regional, and ownership heterogeneity. Our research provides an empirical reference that can be utilized to reduce the risk …

component, a risk premium, and a mispricing component. We argue that mispricing can arise for two reasons: (i) from false … asset pricing in line with rational bubbles. We show that the response of the excessive stock price component to a monetary …

-referential mispricing, enabling us to disentangle the risk-return relationship from its instantaneous connection. By describing drawdowns …