Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models
In the context of an ever-evolving global economy, ASEAN companies face dynamic systemic risk that reshapes their financial interrelationships. This study examines the transmission of these risks using advanced graph theory techniques, particularly the measurement of eigenvector centrality based on...
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| Format: | Article |
| Language: | English |
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MDPI AG
2025-05-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/13/5/95 |
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| author | Marc Cortés Rufé Jordi Martí Pidelaserra Cecilia Kindelán Amorrich |
| author_facet | Marc Cortés Rufé Jordi Martí Pidelaserra Cecilia Kindelán Amorrich |
| author_sort | Marc Cortés Rufé |
| collection | DOAJ |
| description | In the context of an ever-evolving global economy, ASEAN companies face dynamic systemic risk that reshapes their financial interrelationships. This study examines the transmission of these risks using advanced graph theory techniques, particularly the measurement of eigenvector centrality based on Euclidean distances, combined with a hidden model that incorporates macroeconomic variables, such as GDP. The research focuses on identifying critical nodes within the corporate network, evaluating their contagion potential—both in terms of reinforcing resilience and amplifying vulnerabilities—and analyzing the influence of external factors on the network’s structure and behavior. The findings offer an innovative framework for managing systemic risk and provide strategic guidelines for the formulation of economic policies in emerging ASEAN markets. |
| format | Article |
| id | doaj-art-e8b348bf9d234d31ba136213eebc23f6 |
| institution | OA Journals |
| issn | 2227-9091 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj-art-e8b348bf9d234d31ba136213eebc23f62025-08-20T02:33:58ZengMDPI AGRisks2227-90912025-05-011359510.3390/risks13050095Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden ModelsMarc Cortés Rufé0Jordi Martí Pidelaserra1Cecilia Kindelán Amorrich2Department of Business, University of Barcelona, 08007 Barcelona, SpainDepartment of Business, University of Barcelona, 08007 Barcelona, SpainESIC Business & Marketing School, ESIC University, 28001 Madrid, SpainIn the context of an ever-evolving global economy, ASEAN companies face dynamic systemic risk that reshapes their financial interrelationships. This study examines the transmission of these risks using advanced graph theory techniques, particularly the measurement of eigenvector centrality based on Euclidean distances, combined with a hidden model that incorporates macroeconomic variables, such as GDP. The research focuses on identifying critical nodes within the corporate network, evaluating their contagion potential—both in terms of reinforcing resilience and amplifying vulnerabilities—and analyzing the influence of external factors on the network’s structure and behavior. The findings offer an innovative framework for managing systemic risk and provide strategic guidelines for the formulation of economic policies in emerging ASEAN markets.https://www.mdpi.com/2227-9091/13/5/95systemic riskASEANfinancial contagionnetwork analysis |
| spellingShingle | Marc Cortés Rufé Jordi Martí Pidelaserra Cecilia Kindelán Amorrich Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models Risks systemic risk ASEAN financial contagion network analysis |
| title | Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models |
| title_full | Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models |
| title_fullStr | Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models |
| title_full_unstemmed | Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models |
| title_short | Uncovering Systemic Risk in ASEAN Corporations: A Framework Based on Graph Theory and Hidden Models |
| title_sort | uncovering systemic risk in asean corporations a framework based on graph theory and hidden models |
| topic | systemic risk ASEAN financial contagion network analysis |
| url | https://www.mdpi.com/2227-9091/13/5/95 |
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