Purpose: This paper aims to evaluate the accuracy of a quantile estimate. Especially when estimating high quantiles from a few data, the quantile estimator itself is a random number with its own distribution. This distribution is first determined and then it is shown how the accuracy of the...

In this article, we analyze initial public offerings on the Shanghai Stock Exchange (SSE) from 2001 to 2011 to investigate underpricing and long-term performance in the Chinese IPO market. Multi-linear OLS regressions are applied to 332 IPOs of A-shares for which the necessary data were...

The liquidity stress test (LiST) 2019 by the European Central Bank (ECB) examines the liquidity situation of banks, which is novel at the European level. Therefore, a well-founded empirical analysis is necessary to derive implications for the capital market. This paper investigates the impact on...