Analysis of Extremes in Management Studies

Abstract

The potential advantage of extreme value theory in modeling management phenomena is the central theme of this paper. The statistics of extremes have played only a very limited role in management studies despite the disproportionate emphasis on unusual events in the world of managers. An overview of this theory and related statistical models is presented, and illustrative empirical examples provided.

Citation

Baum, J.A.C. and McKelvey, B. (2006), "Analysis of Extremes in Management Studies", Ketchen, D.J. and Bergh, D.D. (Ed.) Research Methodology in Strategy and Management (Research Methodology in Strategy and Management, Vol. 3), Emerald Group Publishing Limited, Leeds, pp. 123-196. https://doi.org/10.1016/S1479-8387(06)03007-4