{"id":"https://openalex.org/W3122544750","doi":"https://doi.org/10.1155/2021/6645151","title":"Cross\u2010Market Infection Research on Stock Herding Behavior Based on DGC\u2010MSV Models and Bayesian Network","display_name":"Cross\u2010Market Infection Research on Stock Herding Behavior Based on DGC\u2010MSV Models and Bayesian Network","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3122544750","doi":"https://doi.org/10.1155/2021/6645151","mag":"3122544750"},"language":"en","primary_location":{"id":"doi:10.1155/2021/6645151","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/6645151","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/6645151.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://downloads.hindawi.com/journals/complexity/2021/6645151.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086548040","display_name":"Jing Zhang","orcid":"https://orcid.org/0000-0002-1042-7433"},"institutions":[{"id":"https://openalex.org/I76569877","display_name":"Southeast University","ror":"https://ror.org/04ct4d772","country_code":"CN","type":"education","lineage":["https://openalex.org/I76569877"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jing Zhang","raw_affiliation_strings":["School of Economics and Management, Southeast University, Nanjing, Jiangsu, China"],"raw_orcid":"https://orcid.org/0000-0002-1042-7433","affiliations":[{"raw_affiliation_string":"School of Economics and Management, Southeast University, Nanjing, Jiangsu, China","institution_ids":["https://openalex.org/I76569877"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5049398073","display_name":"Yaming Zhuang","orcid":"https://orcid.org/0000-0002-3894-5515"},"institutions":[{"id":"https://openalex.org/I76569877","display_name":"Southeast University","ror":"https://ror.org/04ct4d772","country_code":"CN","type":"education","lineage":["https://openalex.org/I76569877"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Ya-ming Zhuang","raw_affiliation_strings":["School of Economics and Management, Southeast University, Nanjing, Jiangsu, China"],"raw_orcid":"https://orcid.org/0000-0002-3894-5515","affiliations":[{"raw_affiliation_string":"School of Economics and Management, Southeast University, Nanjing, Jiangsu, China","institution_ids":["https://openalex.org/I76569877"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5049398073"],"corresponding_institution_ids":["https://openalex.org/I76569877"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":2.0741,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.8753129,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":"2021","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9994000196456909,"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"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9994000196456909,"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/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9980999827384949,"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/T11326","display_name":"Stock Market Forecasting Methods","score":0.9943000078201294,"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/herding","display_name":"Herding","score":0.8033310174942017},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.7143837213516235},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.655838131904602},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.6081227660179138},{"id":"https://openalex.org/keywords/herd-behavior","display_name":"Herd behavior","score":0.60008305311203},{"id":"https://openalex.org/keywords/stochastic-volatility","display_name":"Stochastic volatility","score":0.5605223774909973},{"id":"https://openalex.org/keywords/multivariate-statistics","display_name":"Multivariate statistics","score":0.5218202471733093},{"id":"https://openalex.org/keywords/bayesian-probability","display_name":"Bayesian probability","score":0.5193703770637512},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.47958579659461975},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.46799251437187195},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.35935449600219727},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.2178592085838318},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.16508221626281738},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.11446011066436768}],"concepts":[{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.8033310174942017},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.7143837213516235},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.655838131904602},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6081227660179138},{"id":"https://openalex.org/C102235558","wikidata":"https://www.wikidata.org/wiki/Q1609678","display_name":"Herd behavior","level":3,"score":0.60008305311203},{"id":"https://openalex.org/C85393063","wikidata":"https://www.wikidata.org/wiki/Q596307","display_name":"Stochastic volatility","level":3,"score":0.5605223774909973},{"id":"https://openalex.org/C161584116","wikidata":"https://www.wikidata.org/wiki/Q1952580","display_name":"Multivariate statistics","level":2,"score":0.5218202471733093},{"id":"https://openalex.org/C107673813","wikidata":"https://www.wikidata.org/wiki/Q812534","display_name":"Bayesian probability","level":2,"score":0.5193703770637512},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.47958579659461975},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.46799251437187195},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.35935449600219727},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.2178592085838318},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.16508221626281738},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.11446011066436768},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2021/6645151","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/6645151","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/6645151.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:6645151","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2021/6645151.xml","pdf_url":null,"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,"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:doaj.org/article:d2ce44e00cb549ac913fb860ff0fec90","is_oa":true,"landing_page_url":"https://doaj.org/article/d2ce44e00cb549ac913fb860ff0fec90","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2021 (2021)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2021/6645151","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/6645151","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/6645151.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.49000000953674316}],"awards":[{"id":"https://openalex.org/G1097482877","display_name":null,"funder_award_id":"1908085MG232","funder_id":"https://openalex.org/F4320334897","funder_display_name":"Natural Science Foundation of Anhui Province"}],"funders":[{"id":"https://openalex.org/F4320334897","display_name":"Natural Science Foundation of Anhui Province","ror":null}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3122544750.pdf","grobid_xml":"https://content.openalex.org/works/W3122544750.grobid-xml"},"referenced_works_count":32,"referenced_works":["https://openalex.org/W1594442759","https://openalex.org/W1814196464","https://openalex.org/W1970095881","https://openalex.org/W1970946264","https://openalex.org/W1980567051","https://openalex.org/W1999996900","https://openalex.org/W2021532296","https://openalex.org/W2042591120","https://openalex.org/W2053615983","https://openalex.org/W2059298083","https://openalex.org/W2064553712","https://openalex.org/W2068038509","https://openalex.org/W2079672223","https://openalex.org/W2079908272","https://openalex.org/W2107335183","https://openalex.org/W2127297724","https://openalex.org/W2260753758","https://openalex.org/W2464344558","https://openalex.org/W2474601267","https://openalex.org/W2569706787","https://openalex.org/W2608343390","https://openalex.org/W2739994394","https://openalex.org/W2766031329","https://openalex.org/W2789666046","https://openalex.org/W2793037577","https://openalex.org/W2797004362","https://openalex.org/W2886205120","https://openalex.org/W2910843992","https://openalex.org/W2922366535","https://openalex.org/W2981198699","https://openalex.org/W3091939014","https://openalex.org/W3125011898"],"related_works":["https://openalex.org/W2391294282","https://openalex.org/W3009415710","https://openalex.org/W2724416953","https://openalex.org/W3124945637","https://openalex.org/W2364704484","https://openalex.org/W1489293997","https://openalex.org/W3125654515","https://openalex.org/W3122268801","https://openalex.org/W3035577688","https://openalex.org/W3122734983"],"abstract_inverted_index":{"This":[0],"paper":[1],"is":[2,67,112],"concerned":[3],"with":[4],"the":[5,11,21,42,47,62,73,77,81,90,99,106,120],"multivariate":[6],"stochastic":[7],"volatility":[8,23,96],"modeling":[9],"of":[10,49],"stock":[12,82,103,117],"market.":[13],"We":[14,40],"investigate":[15],"a":[16,68,113],"DGC\u2010t\u2010MSV":[17,63],"model":[18,64],"to":[19,45,71,98],"find":[20],"historical":[22],"spillovers":[24,97],"between":[25,52,116],"nine":[26,53],"markets,":[27],"including":[28],"S&P,":[29],"Nasdaq,":[30],"SSE,":[31],"SZSE,":[32],"HSI,":[33],"FTSE,":[34],"CAC,":[35],"DAX,":[36],"and":[37,75,92,101],"Nikkei":[38],"indices.":[39],"use":[41],"Bayesian":[43],"network":[44],"analyze":[46],"spreading":[48],"herd":[50],"behavior":[51],"markets.":[54],"The":[55],"main":[56],"results":[57,107],"are":[58],"as":[59],"follows:":[60],"(1)":[61],"we":[65],"considered":[66],"useful":[69],"way":[70],"estimate":[72],"parameter":[74],"fit":[76],"data":[78],"well":[79],"in":[80,119],"market;":[83],"(2)":[84],"our":[85],"computational":[86],"analysis":[87],"shows":[88],"that":[89,110],"S&P":[91],"Nasdaq":[93],"have":[94],"higher":[95],"Shanghai":[100],"Shenzhen":[102],"markets;":[104],"(3)":[105],"also":[108],"show":[109],"there":[111],"strong":[114],"correlation":[115],"markets":[118],"same":[121],"region.":[122]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}