Systemic Importance of China’s Financial Institutions: A Jump Volatility Spillover Network Review

Xin, Yang; Zhao, Xian; Gong, Xu; Yang, Xibei; Huang, Chuangxia

doi:10.3390/e22050588

Cited by 12 publications

(6 citation statements)

References 70 publications

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“…Due to the lack of available data, while the quantitative method has become a trend in economy related issues [39][40][41][42][43][44][45], most of the researches belong to qualitative analysis in Convention and Exhibition industry area, and we try to utilize the following spatial econometric model to investigate the exact relationship between financial flexibility and investment. e first step of studying the existence of the spatial spillover effect is correctly setting the spatial econometric model.…”

Section: Benchmark Model Settings and Descriptionsmentioning

confidence: 99%

Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies

Liu

Zhang

et al. 2020

Mathematical Problems in Engineering

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Financial flexibility is an important research issue in corporate finance. This paper utilizes the Spatial Durbin Model (SDM) to analyze the impact of financial flexibility on the investment of Convention and Exhibition companies listed on the New Third Board from 2014 to 2016. The empirical results show the following. Firstly, the greater the financial flexibility, the more investment the firm will make. Secondly, the enhancement in financial flexibility would lead to an increase in investment of companies in the Convention and Exhibition industry in the local provinces, indicating that the financial flexibility has a significant positive intraregional spatial spillover effect on investment. On the other hand, financial flexibility has spatial spillover effects, and its rise will reduce the investment in other provinces, which could be explained by the competition effect between enterprises. Overall, we have further elucidated the role of different levels of financial flexibility on the investment of the Convention and Exhibition listed enterprises from the spatial dimension, thereby enriching the existing research on corporate financial flexibility and corporate value to some certain extent.

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Section: Benchmark Model Settings and Descriptionsmentioning

confidence: 99%

Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies

Liu

Zhang

et al. 2020

Mathematical Problems in Engineering

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“…This information is required to measure the weight of the decision criteria and effective information contained in the known data. The entropy weight method has been applied in various fields, such as supplier selection [ 19 ], prediction of the unfrozen water content [ 20 ], building material supplier selection [ 18 ], jump volatility spillover network [ 21 ], children’s physical activity and human development index [ 22 ], fog-haze factor assessment [ 23 ] as well as test case prioritization [ 24 ].…”

Section: Introductionmentioning

confidence: 99%

Performance Evaluation of Construction Companies Using Integrated Entropy–Fuzzy VIKOR Model

Siew

Jaaman

Fai

2021

Entropy

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The construction sector plays an important role in a country’s economic development. The financial performance of a company is a good indicator of its financial health and status. In Malaysia, the government encourages the construction industry to develop an advanced infrastructure related to health, transport, education and housing. In view of the COVID-19 pandemic, the operations and financial performance of construction sector companies have been affected recently. Additionally, uncertainty plays a vital role in the multi-criteria decision-making (MCDM) process. Based on previous studies, there has been no comprehensive study conducted on the evaluation of the financial performance of construction companies by integrating entropy and fuzzy VIKOR models. Therefore, this paper aims to propose an MCDM model to evaluate and compare the financial performance of construction companies with an integrated entropy–fuzzy VIKOR model. A case study is carried out by evaluating the listed construction companies in Malaysia with the proposed model. The findings of this paper indicate that the company ECONBHD achieves the best financial performance over the study period. The significance of this paper is to determine the priority of the financial ratios and ranking of the construction companies with the proposed entropy–fuzzy VIKOR model.

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“…Despite growing stronger being in a group for each member, it would itself be a major factor to spread a problem of each member within the whole group. One of the most important issues in businesses is the prediction of this significant shift during a financial crisis [ 4 , 5 , 6 , 7 , 8 ]. This has been considered in previous studies with a variety of approaches [ 9 , 10 ].…”

Section: Introductionmentioning

confidence: 99%

Market of Stocks during Crisis Looks Like a Flock of Birds

Afsharizand

Chaghoei

Kordbacheh

et al. 2020

Entropy

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A crisis in financial markets can be considered as a collective behaviour phenomenon. The collective behaviour is a complex behaviour which exists among a group of animals. The Vicsek model has been adapted to represent this complexity. A unique phase space has been introduced to represent all possible results of the model. The return of the transaction volumes versus the return of the closed price of each share has been used within the defined phase space. The findings show that the direction of the resultant velocity vectors of all share in this phase space act in the same direction when the financial crisis happens. By monitoring the market’s collective behaviour, it will be possible to gain more knowledge about the condition of the market days in crisis. This research aims to investigate the collective behaviour of stocks using the Vicsek model to study the condition of the market during the days in crisis.

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Systemic Importance of China’s Financial Institutions: A Jump Volatility Spillover Network Review

Cited by 12 publications

References 70 publications

Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies

Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies

Performance Evaluation of Construction Companies Using Integrated Entropy–Fuzzy VIKOR Model

Market of Stocks during Crisis Looks Like a Flock of Birds

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