Before revision:  Our newly developed model features not only in terms with a controlling shareholder who diverts a fraction of the output, but also the good (or bad) memory in his budget dynamics which can be well-calibrated by a pathwise way from the historical data.
After revision:  Our newly developed model features not only in terms with a controlling shareholder who diverts a fraction of the output, but also good (or bad) memory in his budget dynamics which can be well-calibrated by a pathwise way from the historical data.