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Analysis of Extremes in Management Studies


Joel A. C. Baum


University of Toronto - Joseph L. Rotman School of Management

Bill McKelvey


University of California, Los Angeles (UCLA) - Anderson School of Management
2006

Research Methodology in Strategy and Management, Vol. 3, pp. 123-196, 2006

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.

Number of Pages in PDF File: 74

Keywords: Extreme Value Theory, Power Laws, Management Studies

JEL Classification: C14, M10, M20

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Date posted: April 2, 2008  

Suggested Citation

Baum, Joel A. C. and McKelvey, Bill, Analysis of Extremes in Management Studies (2006). Research Methodology in Strategy and Management, Vol. 3, pp. 123-196, 2006. Available at SSRN: http://ssrn.com/abstract=1115317

Contact Information

Joel A.C. Baum (Contact Author)
University of Toronto - Joseph L. Rotman School of Management ( email )
University of Toronto
105 St. George Street
Toronto, ON, M5S 3E6
Canada
416-978-4914 (Phone)
416-978-4629 (Fax)
HOME PAGE: http://www.rotman.utoronto.ca/~baum
Bill McKelvey
University of California, Los Angeles (UCLA) - Anderson School of Management ( email )
110 Westwood Plaza
Los Angeles, CA 90095-1481
United States
Feedback to SSRN (Beta)


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