This paper extends the classic factor-based asset pricing model by including network linkages in linear factor models …. We assume that the network linkages are exogenously provided. This extension of the model allows a better understanding … of the causes of systematic risk and shows that (i) network exposures act as an inflating factor for systematic exposure …

and how firms perform within such networks. Our model replicates some stylised empirical results on network structure and … the contingent effects of network position on innovative performance. We find networks that exhibit small world properties …, certain network strategies such as occupying brokerage positions or maximising accessibility to potential partners pay off …

from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …

network characteristics, such as path length, cliquishness and the distribution and asymmetry of degree centrality affect the … an asymmetric or skewed degree distribution actually can have a negative impact on a network's knowledge diffusion … knowledge that they interrupt the trading process at an early stage, which finally disconnects the network. However, our …

We present an analytical solution for the connectivity of a network model with a "non-simultaneous" linking scheme … system. Finally as an explanatory case we evaluate the growth of the network value in relation with the system …

reflects key empirical observations on labor markets. We analyze the impact of network information provided about potential … network information is available. …