Crude oil markets are highly volatile and risky. Extreme Value Theory (EVT), an approach to modelling and measuring risks under rare events, has seen a more prominent role in risk management in recent years. This article presents an application of EVT to the daily returns of crude oil prices in...

We model the durations between firms' 'Initial Public Offerings' (IPOs) and their subsequent 'Seasoned Equity Offerings' (SEOs) in China between 2001 and 2006. Our results have important implications for the capital structure in emerging markets. Our evidence on financing decisions in China...

Extreme Value Theory (EVT) measures the behaviour of extreme observations on a random variable. EVT in risk management, an approach to modelling and measuring risks under rare events, has taken on a prominent role in recent years. This article contributes to the literature in two respects by...