Doffou, Ako - In: International Journal of Financial Studies : open … 3 (2015) 2, pp. 162-176
This paper estimates some of the parameters of the Schwartz and Moon (2001)) model using cross-sectional data. Stochastic costs, future financing, capital expenditures and depreciation are taken into account. Some special conditions are also set: the speed of adjustment parameters are equal; the...
