十字路口必做两件大事

在过去的10年里，中国作为一个大工业中心的发展是极其显著的。统计数据给人留下了深刻的印象，并且这种增长势头还会持续一段时间。中国之路将带来可喜的成果，中国人民在这种增长和繁荣的大环境下将受益匪浅。当然，重要的是要让工业领导者理解他们现在正处在一个十字路口，他们的举动会促进过去10年里的增长或使之功亏一篑。     

Stock Price and Management Changes: The Case of REITs

This paper examines the relationship between a Real Estate Investment Trust's (REIT's) stock returns and top management changes. The results indicate an inverse relationship between the probability of a management change and a REIT's recent stock price performance. This is consistent with internal monitoring of management activities by the board of directors, other top managers, or large block shareholders.