| Affiliation: | The authors are respectively Associate Professor in the Department of Finance and Insurance, and Associate Professor in the Department of Management Science, Northeastern University, Massachusetts. This research was funded by a grant from the Prudential Foundation. Helpful comments received at the Finance Research Seminar at Northeastern University and at the Eighth International Symposium on Forecasting, June 1988, are acknowledged. Special thanks go to Edward Altman, Ronald Copeland, John Frabotta and Arnold Wright for their insights on earlier drafts. |
