estimation method. Subsequently, the Auto Regression Distributed Lag model (ARDL), the Panel Data Static models and Dynamic model … main market over the 12-year period of 2005-2016. Notably, this study combines Time Series econometrics with Panel Data … the Dynamic Capital Structure is the prominent amongst all, followed by the Dynamic Trade-off theory …

of factor jumps. Such jump dependence is implied by standard linear factor models. Our inference is based on a panel of … restriction on the relative magnitude of these two dimensions of the panel. The test is formed from the high‐frequency returns at …