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Related papers: Change of ownership networks in Japan

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The Japanese shareholding network existing at the end of March 2002 is studied empirically. The network is constructed from 2,303 listed companies and 53 non-listed financial institutions. We consider this network as a directed graph by…

Physics and Society · Physics 2009-11-11 Wataru Souma , Yoshi Fujiwara , Hideaki Aoyama

The Japanese shareholding network at the end of March 2002 is studied. To understand the characteristics of this network intuitively, we visualize it as a directed graph and an adjacency matrix. Especially detailed features of networks…

Physics and Society · Physics 2007-05-23 Wataru Souma , Yoshi Fujiwara , Hideaki Aoyama

An analysis of the Japanese credit market in 2004 between banks and quoted firms is done in this paper using the tools of the networks theory. It can be pointed out that: (i) a backbone of the credit channel emerges, where some links play a…

Statistical Finance · Quantitative Finance 2010-11-09 G. De Masi , Y. Fujiwara , M. Gallegati , B. Greenwald , J. E. Stiglitz

Inter-firm organizations, which play a driving role in the economy of a country, can be represented in the form of a customer-supplier network. Such a network exhibits a heavy-tailed degree distribution, disassortative mixing and a…

Physics and Society · Physics 2018-09-19 Abhijit Chakraborty , Hazem Krichene , Hiroyasu Inoue , Yoshi Fujiwara

In this paper we quantitatively investigate the statistical properties of an ensemble of {\it stock prices}. We selected 1200 stocks traded in the Tokyo Stock Exchange and formed a statistical ensemble of daily stock prices for each trading…

Statistical Mechanics · Physics 2013-09-11 Taisei Kaizoji , Michiyo Kaizoji

We present a new approach to understanding credit relationships between commercial banks and quoted firms, and with this approach, examine the temporal change in the structure of the Japanese credit network from 1980 to 2005. At each year,…

General Finance · Quantitative Finance 2009-05-28 Yoshi Fujiwara , Hideaki Aoyama , Yuichi Ikeda , Hiroshi Iyetomi , Wataru Souma

By analysing the financial data of firms across Japan, a nonlinear power law with an exponent of 1.3 was observed between the number of business partners (i.e. the degree of the inter-firm trading network) and sales. In a previous study…

General Finance · Quantitative Finance 2014-03-17 Hayafumi Watanabe

The persistence phenomenon is studied in the Japanese financial market by using a novel mapping of the time evolution of the values of shares quoted on the Nikkei Index onto Ising spins. The method is applied to historical end of day data…

Statistical Finance · Quantitative Finance 2008-12-02 S. Jain , T. Yamano

We investigated the temporally evolving network structures of the Japanese and Korean stock markets through the minimum spanning trees composed of listed stocks. We tested the validity of conventional grouping by industrial categories, and…

Physics and Society · Physics 2008-12-02 Woo-Sung Jung , Okyu Kwon , Taisei Kaizoji , Seungbyung Chae , Hie-Tae Moon

We provide an empirical investigation aimed at uncovering the statistical properties of intricate stock trading networks based on the order flow data of a highly liquid stock (Shenzhen Development Bank) listed on Shenzhen Stock Exchange…

Statistical Finance · Quantitative Finance 2015-03-13 Zhi-Qiang Jiang , Wei-Xing Zhou

We detect the backbone of the weighted bipartite network of the Japanese credit market relationships. The backbone is detected by adapting a general method used in the investigation of weighted networks. With this approach we detect a…

In this paper, we quantitatively investigate the statistical properties of a statistical ensemble of stock prices. We selected 1200 stocks traded on the Tokyo Stock Exchange, and formed a statistical ensemble of daily stock prices for each…

Physics and Society · Physics 2015-06-26 Taisei Kaizoji

We present a methodology to extract the backbone of complex networks based on the weight and direction of links, as well as on nontopological properties of nodes. We show how the methodology can be applied in general to networks in which…

General Finance · Quantitative Finance 2010-06-23 J. B. Glattfelder , S. Battiston

Technological innovation has extensively been studied to make firms sustainable and more competitive. Within this context, the most important recent issue has been the dynamics of collaborative innovation among firms. We therefore…

Physics and Society · Physics 2009-11-13 Hiroyasu Inoue , Wataru Souma , Schumpeter Tamada

Many real networks are complex and have power-law vertex degree distribution, short diameter, and high clustering. We analyze the network model based on thresholding of the summed vertex weights, which belongs to the class of networks…

Other Condensed Matter · Physics 2007-05-23 Naoki Masuda , Hiroyoshi Miwa , Norio Konno

We show power-scaling behaviors for fluctuations in share volume, which no other studies have so far done. After analyzing a database of the daily transactions for all securities listed on the Tokyo Stock Exchange, we selected 1050 large…

Statistical Mechanics · Physics 2018-08-07 Taisei Kaizoji , Masahide Nuki

We use daily data on bilateral interbank exposures and monthly bank balance sheets to study network characteristics of the Russian interbank market over Aug 1998 - Oct 2004. Specifically, we examine the distributions of (un)directed…

General Finance · Quantitative Finance 2015-03-10 Benjamin Vandermarliere , Alexei Karas , Jan Ryckebusch , Koen Schoors

We propose a model to create synthetic networks that may also serve as a narrative of a certain kind of infrastructure network evolution. It consists of an initialization phase with the network extending tree-like for minimum cost and a…

Physics and Society · Physics 2016-02-09 Paul Schultz , Jobst Heitzig , Jürgen Kurths

We analyze the distribution of income and income tax of individuals in Japan for the fiscal year 1998. From the rank-size plots we find that the accumulated probability distribution of both data obey a power law with a Pareto exponent very…

Statistical Mechanics · Physics 2008-12-02 Hideaki Aoyama , Yuichi Nagahara , Mitsuhiro P. Okazaki , Wataru Souma , Hideki Takayasu , Misako Takayasu

Research in network science has shown that many naturally occurring and technologically constructed networks are scale free, that means a power law degree distribution emerges from a growth model in which each new node attaches to the…

Physics and Society · Physics 2009-11-11 Michael Schnegg
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