We examine the effects of unanticipated macroeconomic news on two interest rate futures using intraday data. The surprises are identified on the basis of their potential effects on debt markets (positive/negative) and by their size (large/medium/small). The results show distinct ex-post return...

This paper addresses the impact of PPS legislation on hospital capital through an event study on the stock returns of publicly traded hospital companies. This paper focuses on the effect of PPS over time and uses qualitative data to supplement the empirical evidence. Both before and after the...