Skip to main content
SpringerLink
Log in

Correlated performance of firms in a transaction network

  • Regular Article
  • Published:
Journal of Economic Interaction and Coordination Aims and scope Submit manuscript

Abstract

The correlation of firms’ performance on a transaction network is studied by analyzing financial and transaction data. Statistically significant correlation coefficients are obtained as evidence for the firm interactions. The firm interactions are taken into account in the basic equation of firm activity. Forty percent of residuals are explained by considering the firm interactions. The overall structure of the transaction network, i.e., the connectivity of industry sectors, is analyzed.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  • Broder A, Kumar R, Maghoul F, Raghavan P, Rajagopalan S, Stata R, Tomkins A, Wiener JL (2000) In: Proceedings of the 9th international world wide web conference. Elsevier, Amsterdam p 309

  • Fujiwara Y, Di Guilmi C, Aoyama H, Gallegati M and Souma W (2004). Do Pareto-Zipf and Gibrat laws hold true? An analysis with European firms. Physica A 335(1–2): 197–216

    Google Scholar 

  • Ikeda Y, Souma W, Aoyama H, Iyetomi H, Fujiwara Y and Kaizoji T (2007). Quantitative agent-based firm dynamics simulation with parameters estimated by financial and transaction data analysis. Physica A 375(2): 651–667

    Article  Google Scholar 

  • Kendall MG, Stuart A (1973) The advanced theory of statistics, 3rd edn, vol 1. Griffin, London, p 415

  • Kesten H (1973). Random difference equations and renewal theory for products of random matrices. Acta Math 131: 207–248

    Article  Google Scholar 

  • Manrubia SC and Zanette DH (1999). Stochastic multiplicative processes with reset events. Phys Rev E 59: 4945–4948

    Article  Google Scholar 

  • Pammolli F, Fu D, Buldyrev SV, Riccaboni M, Matia K, Yamasaki K and Stanley HE (2007). A generalized preferential attachment model for business firms growth rates I. Empirical evidence. Eur Phys J B 57(2): 127–130

    Article  Google Scholar 

  • Souma W, Aoyama H, Fujiwara Y, Ikeda Y, Iyetomi H and Kaizoji T (2006). Correlation in business networks. Physica A 370(1): A151–155

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Hitachi Research Institute, 4-14-1 Soto-kanda, Chiyoda-ku, Tokyo, 101-8010, Japan

    Yuichi Ikeda

  2. Department of Physics, Kyoto University, Kyoto, 606-8501, Japan

    Hideaki Aoyama

  3. Department of Physics, Niigata University, Ikarashi, Niigata, 950-2181, Japan

    Hiroshi Iyetomi

  4. NiCT/ATR CIS, Applied Network Science Lab, 2-2-2 Hikari-dai, Seika-chou, Kyoto, 619-0288, Japan

    Yoshi Fujiwara & Wataru Souma

Authors
  1. Yuichi Ikeda
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Hideaki Aoyama
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Hiroshi Iyetomi
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Yoshi Fujiwara
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Wataru Souma
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Yuichi Ikeda.

Rights and permissions

Reprints and permissions

About this article

Cite this article

Ikeda, Y., Aoyama, H., Iyetomi, H. et al. Correlated performance of firms in a transaction network. J Econ Interac Coord 3, 73–80 (2008). https://doi.org/10.1007/s11403-008-0035-5

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11403-008-0035-5

Keywords

Search

Navigation