ITT to split stock and raise annual dividend

On Markov error-correction models, with

On Markov error-correction models, with an application to stock prices and dividends

✍ Zacharias Psaradakis; Martin Sola; Fabio Spagnolo 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 182 KB

## Abstract This paper considers Markov error‐correction (MEC) models in which deviations from the long‐run equilibrium are characterized by different rates of adjustment. To motivate our analysis and illustrate the various issues involved, our discussion is structured around the analysis of the lo