交叉持股网络复杂特性研究

Research on Complex Characteristics of Cross-share Network

将2005~2015年中国沪深A股中牵涉到交叉持股的上市公司选定为样本,从社会网络这一独特创新的视角,刻画上市公司相互持股的企业网络形态,面板数据表明中国上市公司交叉持股网络具有网络稀疏,低聚类系数、度分布具有无标度等特性,基于网络结构特性剖析当前我国交叉持股网络的静态特征,据此向相关监督部门提出合理化建议。

From 2005 to 2015, China＇ s Shanghai and Shenzhen A shares involved in cross-holding listed companies selected as a sample, from the social network of this unique innovation perspective, depicting the listed companies share each others corporate network form. The panel data show that the cross-shareholding net-work of Chinese listed companies has the characteristics of sparse network, low clustering coefficient, scale dis-tribution and scale-free. Based on the analysis of the static characteristics of the current cross-shareholding net-work in China, this paper puts forward to the relevant supervisory department Rationalization advice.