Search

Abstract The aim of this work is to detect how the Brazilian financial ownership is distributed and who are the owners of control. By using ownership relations between the firms listed in the Brazilian stock market, ownership and control networks are constructed. Indirect ownership and control are also obtained. Suitable centrality measures and the assortativity coefficient allow to assess the structure of the connections between nodes, by discovering the hidden patterns of control in the Brazilian market. Highlights • Characterization of both property and financial control networks for Brazil. • Discover of both direct and integrated ownership and control patterns. • The property structure is dominated by financial and utility companies. • Presence of the government strongly emerges in the indirect ownership structure. • Analysis through centrality measures and assortativity reveal a pyramidal structure. [ABSTRACT FROM AUTHOR]

Highlights • Bank interconnectedness decreased due to the global financial crisis. • Regulatory initiatives aimed at containing systemic risk were also effective. • Within the global banking network, G-SIBs present different patterns of behaviors. Abstract This study shows that interconnections in the global banking network decreased due to the global financial crisis and subsequent regulatory initiatives. It also proves the effectiveness of the regulations of global systemically important banks in inducing these banks to contain their systemic nature. [ABSTRACT FROM AUTHOR]