“…Some related studies have examined the effects of bailout programs on bank risktaking (Black & Hazelwood, 2013;Duchin & Sosyura, 2014;Hakenes & Schnabel, 2010;Li, 2013), financial stability (Berger, Roman, & Sedunov, 2019), liquidity creation (Berger, Bouwman, Kick, & Schaeck, 2016) and banks' stocks valuation (Bertsatos, Sakellaris, & Tsionas, 2017;King, 2019;Liu, Kolari, Kyle Tippens, & Fraser, 2013;Veronesi & Zingales, 2010).…”