Tests of a Partial Adjustment Model of Financial Ratios

• Main Authors: WU, Chunchi, KAO, Chihwa, LEE, Cheng F.
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 1992
• 主題: Unanticipated money growth; United States; unemployment; Business; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/862
• 機構: Singapore Management University

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...