Research of Chinese Stock Market’ Complex Network Structure

Autor:	Yuan-Biao Zhang, Jun-Ru Chen, Xin-Guang Lv, He Nie
Rok vydání:	2015
Předmět:	Correlation coefficient Betweenness centrality business.industry Financial economics Economics Econometrics Stock market Complex network Centrality business Stock (geology) Analysis method Financial services
Zdroj:	International Journal of Economics and Finance. 7
ISSN:	1916-9728 1916-971X
DOI:	10.5539/ijef.v7n5p116
Popis:	This paper presents and analyzes an analytical model of the stock market’s complex network structure, based on the Chinese stock market of the financial industry. Firstly, according to the correlation coefficient formula, we will calculate the correlation coefficient between the stocks by using the stocks data obtained, and we do a quantitative analysis to select the appropriate threshold to filter out low directed correlation numerical value, on this account we establish a stock market’s complex network; then using the centrality analysis methods to analyze the stock market’s complex network structure, from degree centrality, betweenness centrality, closeness centrality of three aspects to make an analysis, in order to study promoting effects of the leading stocks in the financial industry; and finally we analyze the small-world network characteristics of the stock network established, drawing the conclusion that the small-world network characteristics of the stock network is obvious.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9bbd19234dfc36ace094be8da3429ee4 https://doi.org/10.5539/ijef.v7n5p116 Zobrazit plný text záznamu