Expectation Formation and Financial Ratio Adjustment: A Reply
In a reply, Cheng and Wu note that Tung and Crowe (1993) in their comment on Lee and Wu (1988) suggest an alternative method based on the distributed lag form of adaptive expectations for estimating the parameters of the partial adjustment and adaptive expectations model. Tung and Crowe claim the me...
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1993
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sg-smu-ink.lkcsb_research-18062010-09-23T06:24:04Z Expectation Formation and Financial Ratio Adjustment: A Reply Lee, Cheng F. WU, Chunchi In a reply, Cheng and Wu note that Tung and Crowe (1993) in their comment on Lee and Wu (1988) suggest an alternative method based on the distributed lag form of adaptive expectations for estimating the parameters of the partial adjustment and adaptive expectations model. Tung and Crowe claim the method has resolved the ambiguity problem of parameter estimation. The reply indicates the pitfalls of the proposed statistical procedure and suggests a possible extension. 1993-10-01T07:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/807 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Finance and Financial Management |
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Finance and Financial Management Lee, Cheng F. WU, Chunchi Expectation Formation and Financial Ratio Adjustment: A Reply |
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In a reply, Cheng and Wu note that Tung and Crowe (1993) in their comment on Lee and Wu (1988) suggest an alternative method based on the distributed lag form of adaptive expectations for estimating the parameters of the partial adjustment and adaptive expectations model. Tung and Crowe claim the method has resolved the ambiguity problem of parameter estimation. The reply indicates the pitfalls of the proposed statistical procedure and suggests a possible extension. |
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text |
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Lee, Cheng F. WU, Chunchi |
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Lee, Cheng F. WU, Chunchi |
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Lee, Cheng F. |
| title |
Expectation Formation and Financial Ratio Adjustment: A Reply |
| title_short |
Expectation Formation and Financial Ratio Adjustment: A Reply |
| title_full |
Expectation Formation and Financial Ratio Adjustment: A Reply |
| title_fullStr |
Expectation Formation and Financial Ratio Adjustment: A Reply |
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Expectation Formation and Financial Ratio Adjustment: A Reply |
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expectation formation and financial ratio adjustment: a reply |
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Institutional Knowledge at Singapore Management University |
| publishDate |
1993 |
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https://ink.library.smu.edu.sg/lkcsb_research/807 |
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1770569699704176640 |