TY  - JOUR
AB  - Discusses and empirically tests special cases of multiple‐chain mixed Markov latent class models with business data. The switches between negative and positive changes in earnings‐per‐share of firms are captured by alternative Markov models. The estimated response probabilities and state transition probabilities show interesting changes in the transformation patterns of the firms over time. Shows that Markov models can be valuable tools in predicting switches in profitability of firms.
VL  - 27
IS  - 1
SN  - 0368-492X
DO  - 10.1108/03684929810200530
UR  - https://doi.org/10.1108/03684929810200530
AU  - Aaltonen Jaana
AU  - Östermark Ralf
PY  - 1998
Y1  - 1998/01/01
TI  - Mixed Markov modelling of financial success: Empirical evidence with Swedish data
T2  - Kybernetes
PB  - MCB UP Ltd
SP  - 54
EP  - 70
Y2  - 2024/04/25
ER  -