An evolution analysis of executive-based listed company relationships using complex networks

作者:An, Feng; Gao, Xiangyun*; Guan, Jianhe; Li, Huajiao; Liu, Qian
来源:Physica A: Statistical Mechanics and Its Applications , 2016, 447: 276-285.
DOI:10.1016/j.physa.2015.12.050

摘要

This paper addresses the problem of relationship analysis of listed companies. It mainly focuses on the analysis of affiliation relationship network among listed companies based on the co-attendance behavior of senior executives. In order to solve this problem we propose a two-stage method. In stage 1, we propose a method of network construction which can change the two-mode affiliation network to one-mode network using model descending process, and in stage 2, we analyze the networks from stage I in four aspects includes analysis of topological characteristic, influence distribution, information control ability distribution and small world phenomenon. We then took a case of Chinese listed companies' executive-based network as an example of the method and the results of the case study showed that the co-attendance behaviors of executives became more widespread (the number and percentage of related listed companies increased 624% and 322%) and that more companies preferred to relate to others on this level, improving the stability of the massive company structures.