Tests of a Partial Adjustment Model of Financial Ratios

• المؤلفون الرئيسيون: WU, Chunchi, KAO, Chihwa, LEE, Cheng F.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 1992
• الموضوعات: Unanticipated money growth; United States; unemployment; Business; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/862

This article considers the formation of expectations in the financial ratio adjustment. An empirical model consistent with the rational-expectations hypothesis is formulated to analyze the dynamic adjustment pattern of financial ratios. The nonlinear regression method is used to estimate the paramet...