A Motif-Based Analysis to Reveal Local Implied Information in Cross-Shareholding Networks
Joint Authors
Li, Huajiao
Liu, Qian
An, Feng
Liu, Nairong
Guan, Qing
Jia, Jingjing
An, Pengli
Source
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-12-02
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Cross-shareholding is a new type of strategic means for capital operation and is an important component of corporate governance.
With the increasing complexity of business motivation, the structure of a cross-shareholding network (CSN) is becoming more intricate, and it exposes various important local patterns with different economic functions.
The goal of this paper is to uncover investment mechanisms and economic functions implied in cross-shareholding networks (CSNs) by analyzing the local characteristic patterns of company interactions.
In this paper, we construct the CSNs of listed companies and extract the directed triadic motifs to reveal the evolutionary characteristics of local investment patterns at the company and industry levels.
On the company level, we find that companies tend to form V-shaped structures with other companies, but bidirectional shareholding patterns and circular relationships in the triads are scarce.
On the industry level, we identify the characteristic linking patterns of some industries with a role analysis of the industries.
Furthermore, we detect the evolutionary characteristics of industry interrelationships in three implied patterns.
Such a motif evolution analysis may provide valuable information for investors and supervisory departments that make decisions about investment portfolios and policy.
Meanwhile, this study is also helpful for exploring the implied information in other empirical networks.
American Psychological Association (APA)
Liu, Qian& Li, Huajiao& An, Feng& Liu, Nairong& Guan, Qing& Jia, Jingjing…[et al.]. 2018. A Motif-Based Analysis to Reveal Local Implied Information in Cross-Shareholding Networks. Complexity،Vol. 2018, no. 2018, pp.1-12.
https://search.emarefa.net/detail/BIM-1135842
Modern Language Association (MLA)
Liu, Qian…[et al.]. A Motif-Based Analysis to Reveal Local Implied Information in Cross-Shareholding Networks. Complexity No. 2018 (2018), pp.1-12.
https://search.emarefa.net/detail/BIM-1135842
American Medical Association (AMA)
Liu, Qian& Li, Huajiao& An, Feng& Liu, Nairong& Guan, Qing& Jia, Jingjing…[et al.]. A Motif-Based Analysis to Reveal Local Implied Information in Cross-Shareholding Networks. Complexity. 2018. Vol. 2018, no. 2018, pp.1-12.
https://search.emarefa.net/detail/BIM-1135842
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1135842