Abstract:
The stock market has an important role in growth and development of countries. Network analysis is one of the latest method in analyzing the stock market. In quantitative science literature, It is a new concept for a macro view to whole market. Therefore, this research analyzes the interpersonal relationships’ network in the Tehran Stock Exchange (TSE). From the type of data collected and analyzed point of view, this study is a quantitative research in network analysis domain. The research period is from 2013 to 2017. Softwares such as PreMap and UCINET used for analyzing data. The research results indicated that some individuals, in comparison with others, have a better position in communicative networks. Having better position has caused these individuals to encounter fewer mediators in gaining access to others, and in turn easier access to available resources. In addition, their ability in gaining access to information enhanced via the cluster of network members. Therefore, it might be concluded that these individuals are key actors in governing structure of the TSE. Furthermore, this network follows a kind of bus morphology i.e. individuals act as a bridge for other units and connect them to the core of the communication network.
Machine summary:
Network Analysis of Interpersonal Relationships in Tehran Stock Exchange Reza Taghizadeha,* , Amin Nazemi b, Mohammad Sadeghzadeh Maharluieb aDepartment of Accounting, Faculty of Economics, Management and Accounting, University of Yazd, Yazd, Iran bDepartment of Accounting, School of Economics, Management and Social Science, University of Shiraz, Fars, Iran ARTICLE INFO Article history: Received 23 March 2020 Accepted 06 September 2020 Keywords: ABSTRACT The stock market has an important role in growth and development of countries.
Therefore, since the network analysis is performed with the aim of generating and analyzing the relation-driven data and seeks to recognize the structural pattern of com- munications and the structural characteristics, this method is used to answer these questions and perform the research.
From the social network view, the joint board of directors that serves for other companies simultaneously is a form of social capital which provides the information access through a stream of social relations made by manage- ment.
Overall Networks Fig. 2 represents the general network of relationships between individuals based on companies in which they are the members of the board of director or CEO.
)VIew the image of this page) Fig. 6: Network Related to Betweenness Table 3: The Name of Individuals with Most Betweenness )VIew the image of this page) 6 Conclusion and Discussion The aim of this research is to study the structure of the company’s relationship network among individ- uals who are the member of the board of directors or CEOs on the companies involved in the TSE.