Bhargava, Alok - In: Journal of the Royal Statistical Society Series A 173 (2010) 3, pp. 631-656
The paper analyses longitudinal Compustat data on dividend payments and share repurchases of over 2000 US industrial firms by using 2-yearly averages for the period 1992-2007. First, dynamic auto-regressive models for dividends and share repurchases were estimated by maximum likelihood to yield...
