A financial network analysis of the equity linkages in Poland Cover Image

Finansowa analiza sieciowa powiązań kapitałowych w Polsce
A financial network analysis of the equity linkages in Poland

Author(s): Artur Tomeczek
Subject(s): Financial Markets
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: network analysis; equity linkages; PageRank; modularity; WIG

Summary/Abstract: This article aimed to examine the financial networks of equity linkages and cross-shareholdings between publicly listed companies in Poland (WIG20 and mWIG40) and to explore the changes that occurred in bank ownership because of the COVID-19 pandemic. The literature review revealed four main types of financial networks: cross-shareholding, correlation, debt, and Granger-causality. Four equity-based directed financial networks were constructed. The two key network measures used in this research are Page

  • Issue Year: 65/2021
  • Issue No: 4
  • Page Range: 129-143
  • Page Count: 15
  • Language: English