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The Duration of the Adjustment Process of Financial Ratios: Further Remarks


  • Davis, Harry Zvi
  • Peles, Yoram C


In a recent paper, Yoram C. Peles and Meir I. Schneller (1989) ignore the sampling autocorrelation bias. A replication of their work that removes the bias changes their results. With the bias removed, there is no evidence that their three long-term ratios follow an adjustment process. Copyright 1992 by MIT Press.

Suggested Citation

  • Davis, Harry Zvi & Peles, Yoram C, 1992. "The Duration of the Adjustment Process of Financial Ratios: Further Remarks," The Review of Economics and Statistics, MIT Press, vol. 74(3), pages 557-559, August.
  • Handle: RePEc:tpr:restat:v:74:y:1992:i:3:p:557-59

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