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Author:Gallizo, J.L.
Jiménez, F.
Salvador, M.
Title:Adjusting financial ratios: a Bayesian analysis of the Spanish manufacturing sector
Journal:Omega
2002 : JUN, VOL. 30:3, p. 185-195
Index terms:BAYESIAN STATISTICS
BUSINESS RATIOS
MANUFACTURING INDUSTRY
SPAIN
Freeterms:PARTIAL ADJUSTMENT
Language:eng
Abstract:In this paper, the authors propose a Bayesian hierarchical model based on the partial adjustment model described by Wu and Ho (1997). The proposed model allows the authors to estimate the average adjustment coefficients associated with the error correction component and with the sensitivity of the firm to exogenous factors that have an industry-wide effect.
SCIMA record nr: 233995
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