Expectation Formation and the Financial Ratio Adjustment Processes

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...

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Bibliographic Details
Main Authors: Lee, Cheng F., WU, Chunchi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1988
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/818
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Institution: Singapore Management University
Language: English
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