Cross-Shareholdings Structural Characteristic and Evolution Analysis Based on Complex Network

Abstract EN

This study depicts the network morphology of firms which establish ties through cross-shareholdings by the theory of complex network analysis method.

It calculates some complex network properties of the cross-shareholdings network and analyzes the evolution law of network structure in nearly 7 years.

The network clearly displays small world properties and scale-free properties.

The cross-shareholdings network average path length and clustering coefficient is with a small amplitude fluctuation; the network structure is relatively stable.

Such a study is of practical importance and could provide opportunities for policy makers to improve the performance of the cross-shareholdings network.