当前位置: X-MOL 学术International Review of Financial Analysis › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Brokers in beneficial ownership: A network approach
International Review of Financial Analysis ( IF 8.235 ) Pub Date : 2023-05-25 , DOI: 10.1016/j.irfa.2023.102701
Konstantinos Kostaris, Andreas Andrikopoulos

We investigate beneficial ownership networks from 1999 to 2018 and find the presence of the small-world phenomenon, which fosters the participation of shareholders and public firms in beneficial ownership events. The small-world phenomenon is also associated with the presence of brokers, which are nodes that bridge shareholders with other shareholders and targets. Moreover, the beneficial ownership network is shaped by star nodes, that is, nodes that have many adjacent nodes, most of which are not connected to each other. Although star nodes affect the presence of the small-world phenomenon, there is weak evidence in support of the association of star nodes with the participation of shareholders and public firms in beneficial ownership events or with the probability of brokers' presence. Furthermore, we find that cash-on-hand and firm size seem to have the most significant impact on the probability of brokers' presence in the beneficial ownership network.



中文翻译:

受益所有权经纪人:一种网络方法

我们调查了 1999 年至 2018 年的实益所有权网络,发现了小世界现象的存在,这种现象促进了股东和上市公司对实益所有权事件的参与。小世界现象也与经纪人的存在有关,经纪人是将股东与其他股东和目标联系起来的节点。此外,受益所有权网络由星形节点构成,即具有许多相邻节点的节点,其中大多数节点彼此不连接。尽管星节点影响小世界现象的存在,但没有足够的证据支持星节点与股东和上市公司参与受益所有权事件或经纪人存在的可能性相关联。此外,

更新日期:2023-05-29
down
wechat
bug