Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain

The transmission of stock price fluctuations of listed companies in the rare earth industry has complex characteristics. Mastering its transmission law is of great meaning to understand the relationship between the upstream and downstream of the rare earth industry chain and market investment. This...

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Autores principales:	Yanjing Jia, Chao Ding, Zhiliang Dong
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	rare earth industry chain complex network Granger causality test maximum spanning tree Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/d75c5a22a0704c3eae51d58d38555706
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spelling	oai:doaj.org-article:d75c5a22a0704c3eae51d58d385557062021-11-25T19:05:27ZTransmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain10.3390/su1322129132071-1050https://doaj.org/article/d75c5a22a0704c3eae51d58d385557062021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12913https://doaj.org/toc/2071-1050The transmission of stock price fluctuations of listed companies in the rare earth industry has complex characteristics. Mastering its transmission law is of great meaning to understand the relationship between the upstream and downstream of the rare earth industry chain and market investment. This article uses the time series of daily closing prices of stocks in the global rare earth industry chain in the past ten years as the research object. The Granger causality test and complex network theory were used to construct the risk transmission network of the industrial chain. We have identified the key stocks in the network of stock price fluctuation in the rare earth industry chain and obtained the transmission path of stock price fluctuation. According to the results: (1) The stocks of Chinese and Japanese listed companies considerably influence the transmission of the stock price fluctuation in the rare earth industry chain. (2) The transmission distance of the stock price fluctuation of each network is relatively small, and the transmission speed is relatively fast. (3) The fluctuation of stock price in the rare earth industry chain is mainly transmitted from the upstream and midstream links to the midstream and downstream links.Yanjing JiaChao DingZhiliang DongMDPI AGarticlerare earthindustry chaincomplex networkGranger causality testmaximum spanning treeEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12913, p 12913 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	rare earth industry chain complex network Granger causality test maximum spanning tree Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	rare earth industry chain complex network Granger causality test maximum spanning tree Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Yanjing Jia Chao Ding Zhiliang Dong Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain
description	The transmission of stock price fluctuations of listed companies in the rare earth industry has complex characteristics. Mastering its transmission law is of great meaning to understand the relationship between the upstream and downstream of the rare earth industry chain and market investment. This article uses the time series of daily closing prices of stocks in the global rare earth industry chain in the past ten years as the research object. The Granger causality test and complex network theory were used to construct the risk transmission network of the industrial chain. We have identified the key stocks in the network of stock price fluctuation in the rare earth industry chain and obtained the transmission path of stock price fluctuation. According to the results: (1) The stocks of Chinese and Japanese listed companies considerably influence the transmission of the stock price fluctuation in the rare earth industry chain. (2) The transmission distance of the stock price fluctuation of each network is relatively small, and the transmission speed is relatively fast. (3) The fluctuation of stock price in the rare earth industry chain is mainly transmitted from the upstream and midstream links to the midstream and downstream links.
format	article
author	Yanjing Jia Chao Ding Zhiliang Dong
author_facet	Yanjing Jia Chao Ding Zhiliang Dong
author_sort	Yanjing Jia
title	Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain
title_short	Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain
title_full	Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain
title_fullStr	Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain
title_full_unstemmed	Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain
title_sort	transmission mechanism of stock price fluctuation in the rare earth industry chain
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/d75c5a22a0704c3eae51d58d38555706
work_keys_str_mv	AT yanjingjia transmissionmechanismofstockpricefluctuationintherareearthindustrychain AT chaoding transmissionmechanismofstockpricefluctuationintherareearthindustrychain AT zhiliangdong transmissionmechanismofstockpricefluctuationintherareearthindustrychain
_version_	1718410307961880576

Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain

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