A network analysis of the value migration process on the financial market. The effect of value migration network structure on stock returns
作者：
Highlights：
• The MTS-Pathfinder approach was used to construct the value migration network (VMN).
• The degree distribution of the VMN follows a power law.
• The degree correlations have a disassortative nature.
• The relationship between centrality measures and stock’s return is investigated.
• The study reveals a statistically significant impact of centrality measures of the VMN on the stock’s return.
摘要
•The MTS-Pathfinder approach was used to construct the value migration network (VMN).•The degree distribution of the VMN follows a power law.•The degree correlations have a disassortative nature.•The relationship between centrality measures and stock’s return is investigated.•The study reveals a statistically significant impact of centrality measures of the VMN on the stock’s return.
论文关键词：Complex network,Value migration,Scale-free distribution,Disassortative mixing,Minimal spanning tree,Centrality measures
论文评审过程：Received 26 November 2020, Revised 17 August 2021, Accepted 17 October 2021, Available online 24 October 2021, Version of Record 8 December 2021.
论文官网地址：https://doi.org/10.1016/j.eswa.2021.116129
