Business transactions and ownership ties between firms
Bibliographic Data
| ID | 6161706 |
|---|---|
| Authors | László Lőrincz (0000-0003-4528-0918, Corvinus University of Budapest, corresponding author), Sándor Juhász (0000-0003-3124-8597, Complexity Science Hub Vienna), Rebeka O Szabó (0000-0002-8802-5805, Corvinus University of Budapest) |
| Year | 2023 |
| Volume | 12 |
| Issue | 1 |
| Pages | 1-20 |
| Publication date | 2023-10-16 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Network Science (JOURNAL) |
| Journal identifiers | ISSN: 2050-1250 • E-ISSN: 2050-1242 |
| Publisher | Cambridge University Press (PUBLISHER • US) |
| DOI | 10.1017/nws.2023.19 |
| OpenAlex | W4387668199 |
| Language | EN |
| Citations received | 1 |
| References cited | 66 |
In this study, we investigate the creation and persistence of interfirm ties in a large-scale business transaction network. Business transaction relations (firms buying or selling products or services to each other) are driven by economic motives, but because trust is essential to business relationships, the social connections of owners or the geographical proximity of firms can also influence their development. However, studying the formation of interfirm business transaction ties on a large scale is rare, because of the significant data demand. The business transaction and the ownership networks of Hungarian firms are constructed from two administrative datasets for 2016 and 2017. We show that direct or indirect connections in this two-layered network, including open triads in the business network, contribute to both the creation and persistence of business transaction ties. For our estimations, we utilize log-linear models and emphasize their efficiency in predicting links in such large networks. We contribute to the literature by presenting different patterns of business connections in a nationwide multilayer interfirm network
Business · Business model · Business networking · Commerce · Database · Database transaction · Electronic business · Industrial organization · Interpersonal ties · Scale (ratio · Transaction cost · Business Strategy and Innovation · Computer Science · Innovation and Knowledge Management · Social Capital and Networks · Finance · Marketing
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| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |