Analyzing Shareholder Network in the Tehran Stock Exchange

The stock market plays an important role in the economic development of countries. Network analysis is one of the latest methods in analyzing the stock market. It is a new concept for a macro view of the whole market in quantitative science literature. Therefore, this research analyzes the available...

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Main Authors: Reza Taghizadeh, Amin Nazemi, Mohammad SadeghzadehMaharluie
Format: Article
Language:English
Published: Iran Finance Association 2019-10-01
Series:Iranian Journal of Finance
Subjects:
Online Access:https://www.ijfifsa.ir/article_111733_d4d4bff5651fd01b7d886b38046d4af6.pdf
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author Reza Taghizadeh
Amin Nazemi
Mohammad SadeghzadehMaharluie
author_facet Reza Taghizadeh
Amin Nazemi
Mohammad SadeghzadehMaharluie
author_sort Reza Taghizadeh
collection DOAJ
description The stock market plays an important role in the economic development of countries. Network analysis is one of the latest methods in analyzing the stock market. It is a new concept for a macro view of the whole market in quantitative science literature. Therefore, this research analyzes the available Shareholder network in the Tehran Stock Exchange from 2013 to 2017. This research is based on a type of data collected and analyzed is quantitative research. And, its’ type is network analysis. The research results indicate that many of shareholders are connected to each other, although a class structure governs their relations. Some of the shareholders, in comparison with others, have a better position. Having a better position caused them to encounter fewer mediators in gaining access to other shareholders, and also easier access to available resources. The shareholders’ ability in gaining access to information through the cluster of network members enhances too. Therefore, it is claimed that these shareholders can play the role of key actors in the governing structure. Also, the results of the Pareto distribution indicate that the distribution of power among the Shareholders is approximately 25/75, that is, 75 per cent of the strength in the hands of 25 per cent of the Shareholders.
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spelling doaj.art-fbcab1e1b55a44569c4601d1bb19987a2022-12-22T04:36:27ZengIran Finance AssociationIranian Journal of Finance2676-63372676-63452019-10-013411313410.22034/ijf.2020.207802.1084111733Analyzing Shareholder Network in the Tehran Stock ExchangeReza Taghizadeh0Amin Nazemi1Mohammad SadeghzadehMaharluie2Assistant Prof., Faculty of Economic, Management and Accounting, Yazd University, Yazd, Iran.Assistant Prof., Department of Acounting, School of Economics Management and Social Sciences, Shiraz University, Shiraz, Iran.Ph.D. Candidate, Department of Accounting, Faculty of Economic and Management Sciences, Shiraz University, Shiraz, Iran.The stock market plays an important role in the economic development of countries. Network analysis is one of the latest methods in analyzing the stock market. It is a new concept for a macro view of the whole market in quantitative science literature. Therefore, this research analyzes the available Shareholder network in the Tehran Stock Exchange from 2013 to 2017. This research is based on a type of data collected and analyzed is quantitative research. And, its’ type is network analysis. The research results indicate that many of shareholders are connected to each other, although a class structure governs their relations. Some of the shareholders, in comparison with others, have a better position. Having a better position caused them to encounter fewer mediators in gaining access to other shareholders, and also easier access to available resources. The shareholders’ ability in gaining access to information through the cluster of network members enhances too. Therefore, it is claimed that these shareholders can play the role of key actors in the governing structure. Also, the results of the Pareto distribution indicate that the distribution of power among the Shareholders is approximately 25/75, that is, 75 per cent of the strength in the hands of 25 per cent of the Shareholders.https://www.ijfifsa.ir/article_111733_d4d4bff5651fd01b7d886b38046d4af6.pdfshareholdernetwork analysistehran stock exchange
spellingShingle Reza Taghizadeh
Amin Nazemi
Mohammad SadeghzadehMaharluie
Analyzing Shareholder Network in the Tehran Stock Exchange
Iranian Journal of Finance
shareholder
network analysis
tehran stock exchange
title Analyzing Shareholder Network in the Tehran Stock Exchange
title_full Analyzing Shareholder Network in the Tehran Stock Exchange
title_fullStr Analyzing Shareholder Network in the Tehran Stock Exchange
title_full_unstemmed Analyzing Shareholder Network in the Tehran Stock Exchange
title_short Analyzing Shareholder Network in the Tehran Stock Exchange
title_sort analyzing shareholder network in the tehran stock exchange
topic shareholder
network analysis
tehran stock exchange
url https://www.ijfifsa.ir/article_111733_d4d4bff5651fd01b7d886b38046d4af6.pdf
work_keys_str_mv AT rezataghizadeh analyzingshareholdernetworkinthetehranstockexchange
AT aminnazemi analyzingshareholdernetworkinthetehranstockexchange
AT mohammadsadeghzadehmaharluie analyzingshareholdernetworkinthetehranstockexchange