Ranaldo, Angelo - Schweizerische Nationalbank (SNB) - 2006
, the greater part of real-time firm-specific news releases is a magnet for liquidity and trading. This research provides …I analyze the price discovery, liquidity provision, and transaction-cost components driven by the real-time firm-specific … news at the Paris Bourse. I find that the news impact depends on which type of news bulletin is released. Only news items …