## Abstract In this paper we propose a multivariate extension of the partial adjustment model of financial ratios. To that end, we use a dynamic factor model which assumes that financial ratios measuring, essentially, the same economic–financial dimension of the firm evolve in a similar way, reflec
The speed of adjustment of financial ratios: A hierarchical Bayesian approach using mixtures
✍ Scribed by Pilar Gargallo; Manuel Salvador; José Luis Gallizo
- Publisher
- John Wiley and Sons
- Year
- 2008
- Tongue
- English
- Weight
- 734 KB
- Volume
- 24
- Category
- Article
- ISSN
- 1524-1904
- DOI
- 10.1002/asmb.698
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