Weapons and wealth: Market reaction to Europe’s defense push

IF 1.8 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-08-19 DOI:10.1016/j.econlet.2025.112538

Nicola Comincioli , Michael Donadelli , Massimiliano Rizzati

引用次数: 0

Abstract

This paper analyzes abnormal returns around the EU’s Readiness 2030 defense initiative. Defense stocks saw strong positive returns, especially pre-announcement, while high-tech firms showed weak or negative returns—indicating no spillover effect to the tech sector and underscoring the role of industry classification in market reactions.

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武器与财富：市场对欧洲防务推动的反应

本文分析了欧盟“备战2030”防御倡议的异常回报。国防类股出现了强劲的正回报，尤其是在公告发布前，而高科技公司的回报较弱或为负，这表明对科技行业没有溢出效应，并强调了行业分类在市场反应中的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.