Kolias, Georgios; Arnis, Nikolaos - In: Journal of Accounting and Management Information … 18 (2019) 1, pp. 50-72
first stage, using random coefficient modeling on panel data, we obtain the estimates of the expected returns and standard … modeling on panel data while in the second stage mean-variance analysis is employed. Findings: By applying the model in the … classified into the manufacturing industry for the years 2003 to 2014. Tools: In the first stage we use random coefficient …
