Purpose – The paper aims to investigate the relative performance of the most popular value-at-risk (VaR) estimates with an emphasis on the extreme value theory (EVT) methodology for seven Middle East and North Africa (MENA) countries. Design/methodology/approach – The paper calculates tails...

Purpose – The paper aims to investigate the relative performance of the most popular value‐at‐risk (VaR) estimates with an emphasis on the extreme value theory (EVT) methodology for seven Middle East and North Africa (MENA) countries. Design/methodology/approach – The paper calculates...

Purpose: The purpose of this study is to examine the effect of product market competition on the oil uncertainty–investment relation. Design/methodology/approach: The authors use firm-level financial data from the COMPUSTAT database, competition proxies from Hoberg and Phillips (2016) and...