{"id":"https://openalex.org/W2181574698","doi":null,"title":"Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices","display_name":"Network Centrality and Stock Market Volatility: The Impact of Communication Topologies on Prices","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W2181574698","mag":"2181574698"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:spt:fininv:v:1:y:2012:i:1:f:1_1_9","doi":null,"is_oa":false,"landing_page_url":"http://www.scienpress.com/Upload/JFIA%2fVol%201_1_9.pdf","pdf_url":"http://www.scienpress.com/Upload/JFIA%2fVol%201_1_9.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10419/58008","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071408073","display_name":"Oliver Hein","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I45155027","display_name":"Technische Hochschule Mittelhessen","ror":"https://ror.org/02qdc9985","country_code":"DE","type":"education","lineage":["https://openalex.org/I45155027"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Oliver Hein","raw_affiliation_strings":["University of Applied Sciences Mittelhessen"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Applied Sciences Mittelhessen","institution_ids":["https://openalex.org/I45155027"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5071291558","display_name":"Michael A Schwind","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I114090438","display_name":"Goethe University Frankfurt","ror":"https://ror.org/04cvxnb49","country_code":"DE","type":"education","lineage":["https://openalex.org/I114090438"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Michael Schwind","raw_affiliation_strings":["Goethe\u2010University Frankfurt"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Goethe\u2010University Frankfurt","institution_ids":["https://openalex.org/I114090438"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5045891357","display_name":"Markus Spiwoks","orcid":"https://orcid.org/0000-0003-1516-6233","observed_orcids":["https://orcid.org/0000-0003-1516-6233"]},"institutions":[{"id":"https://openalex.org/I2799859273","display_name":"Ostfalia University of Applied Sciences","ror":"https://ror.org/01bk10867","country_code":"DE","type":"education","lineage":["https://openalex.org/I2799859273"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Markus Spiwoks","raw_affiliation_strings":["Ostfalia \u2013 University of Applied Sciences"],"raw_orcid":"https://orcid.org/0000-0003-1516-6233","affiliations":[{"raw_affiliation_string":"Ostfalia \u2013 University of Applied Sciences","institution_ids":["https://openalex.org/I2799859273"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.6895,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.80276855,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"1","issue":"1","first_page":"199","last_page":"232"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/network-centrality","display_name":"network centrality","score":0.9890000224113464},{"id":"https://openalex.org/keywords/stock-market-volatility","display_name":"stock market volatility","score":0.9710000157356262},{"id":"https://openalex.org/keywords/communication-topology","display_name":"communication topology","score":0.9210000038146973},{"id":"https://openalex.org/keywords/artificial-stock-market","display_name":"artificial stock market","score":0.8980000019073486},{"id":"https://openalex.org/keywords/information-dissemination","display_name":"information dissemination","score":0.8330000042915344},{"id":"https://openalex.org/keywords/price-distortions","display_name":"price distortions","score":0.7549999952316284},{"id":"https://openalex.org/keywords/tobin-tax","display_name":"Tobin tax","score":0.9490000009536743}],"concepts":[{"id":"https://openalex.org/C53811970","wikidata":"https://www.wikidata.org/wiki/Q5062194","display_name":"Centrality","level":2,"score":0.782109797000885},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7585687637329102},{"id":"https://openalex.org/C199845137","wikidata":"https://www.wikidata.org/wiki/Q145490","display_name":"Network topology","level":2,"score":0.7370670437812805},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6312358379364014},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5915045738220215},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5656718015670776},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5271881818771362},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.474215030670166},{"id":"https://openalex.org/C2778890369","wikidata":"https://www.wikidata.org/wiki/Q499041","display_name":"Financial contagion","level":3,"score":0.4543132781982422},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.41309165954589844},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.27850914001464844},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2343015968799591},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.12090763449668884},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12019333243370056},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.08656284213066101},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.08238071203231812},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:RePEc:spt:fininv:v:1:y:2012:i:1:f:1_1_9","doi":null,"is_oa":false,"landing_page_url":"http://www.scienpress.com/Upload/JFIA%2fVol%201_1_9.pdf","pdf_url":"http://www.scienpress.com/Upload/JFIA%2fVol%201_1_9.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/58008","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/58008","pdf_url":"http://hdl.handle.net/10419/58008","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.549.8841","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.549.8841","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.wi-frankfurt.de/publikationenNeu/NetworkCentralityandStockMarke2344.pdf","raw_type":"text"},{"id":"mag:2181574698","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/58008/1/688939953.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764478856","display_name":"Journal of finance and investment analysis","issn_l":"2241-0988","issn":["2241-0988","2241-0996"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of finance and investment analysis","raw_type":null}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/58008","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/58008","pdf_url":"http://hdl.handle.net/10419/58008","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2181574698.pdf","grobid_xml":"https://content.openalex.org/works/W2181574698.grobid-xml"},"referenced_works_count":50,"referenced_works":["https://openalex.org/W28882470","https://openalex.org/W186597584","https://openalex.org/W1484920347","https://openalex.org/W1527216731","https://openalex.org/W1543682399","https://openalex.org/W1551913526","https://openalex.org/W1627599966","https://openalex.org/W1754742701","https://openalex.org/W1788744250","https://openalex.org/W1916722811","https://openalex.org/W1971788485","https://openalex.org/W1978116676","https://openalex.org/W1982460525","https://openalex.org/W1988207791","https://openalex.org/W1994430760","https://openalex.org/W2005596212","https://openalex.org/W2008620264","https://openalex.org/W2017474768","https://openalex.org/W2032126665","https://openalex.org/W2038195874","https://openalex.org/W2041157860","https://openalex.org/W2046703175","https://openalex.org/W2056944867","https://openalex.org/W2061901927","https://openalex.org/W2062162258","https://openalex.org/W2078699015","https://openalex.org/W2091164728","https://openalex.org/W2095907808","https://openalex.org/W2100011707","https://openalex.org/W2110200780","https://openalex.org/W2112090702","https://openalex.org/W2133469585","https://openalex.org/W2136931666","https://openalex.org/W2141042444","https://openalex.org/W2145535248","https://openalex.org/W2146899711","https://openalex.org/W2147824439","https://openalex.org/W2150649057","https://openalex.org/W2152762434","https://openalex.org/W2154217353","https://openalex.org/W2166827233","https://openalex.org/W2171328034","https://openalex.org/W2769133055","https://openalex.org/W2949346072","https://openalex.org/W3122275712","https://openalex.org/W3122305330","https://openalex.org/W3122776771","https://openalex.org/W3123386791","https://openalex.org/W3124697853","https://openalex.org/W3124914620"],"related_works":["https://openalex.org/W1994430760","https://openalex.org/W288839015","https://openalex.org/W2809381915","https://openalex.org/W3158376471","https://openalex.org/W7099597114","https://openalex.org/W2901683085","https://openalex.org/W3027639475","https://openalex.org/W3120646684","https://openalex.org/W2369769455","https://openalex.org/W2608343390"],"abstract_inverted_index":{"Summary.":[0],"We":[1,58],"study":[2,97],"the":[3,10,19,44,68,104,107,120,127,138,142],"relationship":[4],"between":[5],"communication":[6,100],"network":[7,69,101],"topologies":[8,102],"and":[9,30,75,84,114,141],"simulation":[11,79],"results":[12],"of":[13,39,47,67,106,111,119,129,134],"an":[14,63],"artificial":[15],"stock":[16],"market,":[17],"here":[18],"Frankfurt":[20,89],"Arti-ficial":[21],"Stock":[22,85,91],"Market.":[23],"Heterogeneous":[24],"interacting":[25],"agents":[26,48],"communicate":[27],"their":[28,34,55,155],"success":[29],"trading":[31,135],"strategy":[32,140],"to":[33,60,72,96,125,154],"nearest":[35],"neighbors.":[36],"A":[37],"process":[38],"information":[40],"diffusion":[41],"arises":[42],"through":[43,158],"adaptive":[45],"behavior":[46],"when":[49],"encountering":[50],"more":[51],"successful":[52],"strategies":[53],"in":[54,148],"direct":[56],"neighborhood.":[57],"want":[59],"show":[61],"that":[62],"increased":[64],"central-ity":[65],"measure":[66],"will":[70],"lead":[71],"higher":[73],"volatility":[74,128],"distortion":[76],"within":[77],"our":[78],"model.":[80],"1":[81],"Network":[82],"Centrality":[83],"Market":[86,92],"Volatility":[87],"The":[88],"Artificial":[90],"(FASM)4":[93],"was":[94],"designed":[95],"how":[98],"different":[99],"affect":[103],"properties":[105],"re-sulting":[108],"time":[109],"series":[110],"prices":[112,130],"[2]":[113],"if":[115],"a":[116,159],"modified":[117],"version":[118],"Tobin":[121],"tax":[122],"is":[123],"able":[124],"reduce":[126],"[3].":[131],"Two":[132],"types":[133],"strategies,":[136],"namely":[137],"fundamental":[139],"trend":[143],"oriented":[144],"strategy,":[145],"as":[146],"used":[147],"other":[149],"models":[150],"[6],":[151],"propagate":[152],"according":[153],"actual":[156],"performance,":[157]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
