Understanding the mechanisms that drive extreme negative and positive prices in day-ahead electricity prices is crucial for managing risk and market design. In this paper, we consider the problem of understanding how fundamental drivers impact the probability of extreme price occurrences in the...

We estimate the impact of macroeconomic risk factors on shipping stock returns, using a quantile regression (QR) model. We regress the excess return of a portfolio for the container, dry bulk, chemical/gas, oil tanker, and diversified shipping sectors on the world market portfolio excess return,...

This paper investigates determinants of capital structure in 308 UK real estate companies. The data panel consists of accounting data from the fiscal years 1998--2006. By using panel data regression we find the significant factors influencing the capital structure of the selected companies....

The monthly returns on UK real estate companies, which in the future may become REITs, are analysed over the period September 1996 to July 2006. The results indicate that the risk premiums on the UK real estate companies are significantly related to the risk premium on the stock market and to...