Expectation Formation and the Financial Ratio Adjustment Processes

• المؤلفون الرئيسيون: Lee, Cheng F., WU, Chunchi
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 1988
• الموضوعات: Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/818
• المؤسسة: Singapore Management University

This paper analyzes the adjustment processes of financial ratios in the presence of costly adjustment and information uncertainty. The paper proposes a generalized partial adjustment-adaptive expectations model to characterize dynamic financial ratio adjustment processes. The proposed model incorpor...