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. Copyright American Real Estate and Urban Economics Association.

Sazonalidades do IBOVESPA

Neste trabalho são examinadas as sazonalidades dia-da-semana e mês-da-ano nos retornos do IBOVESPA através de métodos estatísticos paramétricas e não-paramétricas. A sazonalidade dia-da-semana foi observada e é semelhante à do mercado de capitais americano, onde o menor retorno é na segunda-feira e o maior na sexta-feira

Has the Internet Eliminated Regional Price Differences? Evidence from the Used Car Market

internet, regional price differences, D12, D43, D83, L10,