{"id":"https://openalex.org/W2942433911","doi":"https://doi.org/10.1109/besc.2018.8697302","title":"Detection of Factors Influencing Market Liquidity Using an Agent-Based Simulation","display_name":"Detection of Factors Influencing Market Liquidity Using an Agent-Based Simulation","publication_year":2018,"publication_date":"2018-11-01","ids":{"openalex":"https://openalex.org/W2942433911","doi":"https://doi.org/10.1109/besc.2018.8697302","mag":"2942433911"},"language":"en","primary_location":{"id":"doi:10.1109/besc.2018.8697302","is_oa":false,"landing_page_url":"https://doi.org/10.1109/besc.2018.8697302","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2018 5th International Conference on Behavioral, Economic, and Socio-Cultural Computing (BESC)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5077513463","display_name":"Isao Yagi","orcid":"https://orcid.org/0000-0003-0119-1366"},"institutions":[{"id":"https://openalex.org/I182069643","display_name":"Kanagawa Institute of Technology","ror":"https://ror.org/007gj5v75","country_code":"JP","type":"education","lineage":["https://openalex.org/I182069643"]}],"countries":["JP"],"is_corresponding":true,"raw_author_name":"Isao Yagi","raw_affiliation_strings":["Faculty of Information Technology, Kanagawa Institute of Technology Atsugi, Kanagawa, Japan"],"affiliations":[{"raw_affiliation_string":"Faculty of Information Technology, Kanagawa Institute of Technology Atsugi, Kanagawa, Japan","institution_ids":["https://openalex.org/I182069643"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5109422382","display_name":"Yuji Masuda","orcid":null},"institutions":[{"id":"https://openalex.org/I182069643","display_name":"Kanagawa Institute of Technology","ror":"https://ror.org/007gj5v75","country_code":"JP","type":"education","lineage":["https://openalex.org/I182069643"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Yuji Masuda","raw_affiliation_strings":["Faculty of Information Technology, Kanagawa Institute of Technology Atsugi, Kanagawa, Japan"],"affiliations":[{"raw_affiliation_string":"Faculty of Information Technology, Kanagawa Institute of Technology Atsugi, Kanagawa, Japan","institution_ids":["https://openalex.org/I182069643"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001372336","display_name":"Takanobu Mizuta","orcid":"https://orcid.org/0000-0003-4329-0645"},"institutions":[{"id":"https://openalex.org/I4210130231","display_name":"Sparx Group (Japan)","ror":"https://ror.org/02qzb7q11","country_code":"JP","type":"company","lineage":["https://openalex.org/I4210130231"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Takanobu Mizuta","raw_affiliation_strings":["SPARX Asset Management Co., Ltd., Tokyo, Japan"],"affiliations":[{"raw_affiliation_string":"SPARX Asset Management Co., Ltd., Tokyo, Japan","institution_ids":["https://openalex.org/I4210130231"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5077513463"],"corresponding_institution_ids":["https://openalex.org/I182069643"],"apc_list":null,"apc_paid":null,"fwci":0.9337,"has_fulltext":false,"cited_by_count":5,"citation_normalized_percentile":{"value":0.85137665,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"173","last_page":"178"},"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":0.9994999766349792,"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":0.9994999766349792,"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":0.9984999895095825,"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/T11326","display_name":"Stock Market Forecasting Methods","score":0.9965000152587891,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/market-liquidity","display_name":"Market liquidity","score":0.9299535751342773},{"id":"https://openalex.org/keywords/market-impact","display_name":"Market impact","score":0.620660662651062},{"id":"https://openalex.org/keywords/tick-size","display_name":"Tick size","score":0.5950748324394226},{"id":"https://openalex.org/keywords/liquidity-risk","display_name":"Liquidity risk","score":0.5924340486526489},{"id":"https://openalex.org/keywords/liquidity-crisis","display_name":"Liquidity crisis","score":0.5906487107276917},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5441670417785645},{"id":"https://openalex.org/keywords/affect","display_name":"Affect (linguistics)","score":0.48687782883644104},{"id":"https://openalex.org/keywords/market-microstructure","display_name":"Market microstructure","score":0.48487862944602966},{"id":"https://openalex.org/keywords/liquidity-premium","display_name":"Liquidity premium","score":0.4489608407020569},{"id":"https://openalex.org/keywords/order","display_name":"Order (exchange)","score":0.4332919418811798},{"id":"https://openalex.org/keywords/accounting-liquidity","display_name":"Accounting liquidity","score":0.42486053705215454},{"id":"https://openalex.org/keywords/funding-liquidity","display_name":"Funding liquidity","score":0.42258307337760925},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.40090373158454895},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3961420953273773},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.29043048620224},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2480233907699585}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.9299535751342773},{"id":"https://openalex.org/C127288500","wikidata":"https://www.wikidata.org/wiki/Q1241055","display_name":"Market impact","level":4,"score":0.620660662651062},{"id":"https://openalex.org/C2776689027","wikidata":"https://www.wikidata.org/wiki/Q1354947","display_name":"Tick size","level":3,"score":0.5950748324394226},{"id":"https://openalex.org/C189259953","wikidata":"https://www.wikidata.org/wiki/Q1042259","display_name":"Liquidity risk","level":3,"score":0.5924340486526489},{"id":"https://openalex.org/C176923680","wikidata":"https://www.wikidata.org/wiki/Q3002739","display_name":"Liquidity crisis","level":3,"score":0.5906487107276917},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5441670417785645},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.48687782883644104},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.48487862944602966},{"id":"https://openalex.org/C190896228","wikidata":"https://www.wikidata.org/wiki/Q6557509","display_name":"Liquidity premium","level":4,"score":0.4489608407020569},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.4332919418811798},{"id":"https://openalex.org/C204468989","wikidata":"https://www.wikidata.org/wiki/Q1827667","display_name":"Accounting liquidity","level":4,"score":0.42486053705215454},{"id":"https://openalex.org/C2777871818","wikidata":"https://www.wikidata.org/wiki/Q25112207","display_name":"Funding liquidity","level":4,"score":0.42258307337760925},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.40090373158454895},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3961420953273773},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.29043048620224},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2480233907699585},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/besc.2018.8697302","is_oa":false,"landing_page_url":"https://doi.org/10.1109/besc.2018.8697302","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2018 5th International Conference on Behavioral, Economic, and Socio-Cultural Computing (BESC)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320334764","display_name":"Japan Society for the Promotion of Science","ror":"https://ror.org/00hhkn466"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":18,"referenced_works":["https://openalex.org/W11111441","https://openalex.org/W1537415400","https://openalex.org/W1947429868","https://openalex.org/W2031388432","https://openalex.org/W2050031929","https://openalex.org/W2100011707","https://openalex.org/W2104154419","https://openalex.org/W2129654999","https://openalex.org/W2133756959","https://openalex.org/W2210166265","https://openalex.org/W2281635224","https://openalex.org/W2606210906","https://openalex.org/W3121401171","https://openalex.org/W3123085367","https://openalex.org/W3125130413","https://openalex.org/W4255103909","https://openalex.org/W4285719527","https://openalex.org/W6688157516"],"related_works":["https://openalex.org/W4252574678","https://openalex.org/W2003946606","https://openalex.org/W2810650605","https://openalex.org/W3122212348","https://openalex.org/W2783235472","https://openalex.org/W3123600324","https://openalex.org/W3121679516","https://openalex.org/W1604487813","https://openalex.org/W2058444762","https://openalex.org/W3121630491"],"abstract_inverted_index":{"Recently,":[0],"investors":[1],"have":[2,49],"been":[3,64],"becoming":[4],"more":[5],"interested":[6],"in":[7,45],"market":[8,21,39,43,67,76],"liquidity.":[9],"Liquidity":[10],"is":[11],"regarded":[12],"as":[13],"a":[14,17,34,88],"measure":[15],"of":[16,117],"booming":[18],"financial":[19],"market;":[20],"participants":[22],"are":[23,54],"able":[24],"to":[25,37,101],"smoothly":[26],"buy":[27],"and":[28,97,107,112],"sell":[29],"their":[30,57],"intended":[31],"amount":[32],"at":[33],"price":[35],"close":[36],"the":[38,90,115,118],"mid-price.":[40],"When":[41],"discussing":[42],"liquidity":[44,51,80,92],"empirical":[46],"studies,":[47],"researchers":[48],"defined":[50],"indicators":[52,81,93],"that":[53],"consistent":[55],"with":[56],"research":[58],"objectives.":[59],"However,":[60],"it":[61],"has":[62],"not":[63],"clarified":[65],"which":[66,75],"factors":[68,77],"affect":[69,78],"these":[70],"indicators.":[71],"Therefore,":[72],"we":[73],"investigated":[74],"major":[79],"by":[82,104],"using":[83],"an":[84],"artificial":[85,119],"market.":[86,120],"As":[87],"result,":[89],"four":[91],"Volume,":[94],"Tightness,":[95],"Resiliency,":[96],"Depth":[98],"were":[99],"found":[100],"be":[102],"affected":[103],"tick":[105],"size":[106],"investor":[108],"strategies":[109],"(fundamental,":[110],"technical,":[111],"noise)":[113],"among":[114],"parameters":[116]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2016,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}