{"doi":"10.1017/nws.2023.19","title":"Business transactions and ownership ties between firms","abstract":"<jats:title>Abstract</jats:title><jats:p>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.</jats:p>","journal":"Network Science","year":2024,"id":620491,"datarank":0.16479184330021646,"base_score":1.0986122886681096,"endowment":1.0986122886681096,"self_citation_contribution":0.16479184330021646,"citation_network_contribution":0.0,"self_endowment_contribution":0.16479184330021646,"citer_contribution":0.0,"corpus_percentile":null,"corpus_rank":null,"citation_count":2,"citer_count":0,"citers_with_citation_signal":0,"citers_with_endowment":0,"datacite_reuse_total":0,"is_dataset":false,"is_dataset_confidence":null,"is_data_producer":false,"deposit_databanks":null,"is_oa":false,"file_count":0,"downloads":0,"has_version_chain":false,"published_date":null,"fair_score":null,"fair_percentile":null,"algorithm_id":"datarank_citation_only_1hop_v6","ranking_scope":"data_only","authors":[{"id":1601837,"name":"Sándor Juhász","orcid":"0000-0003-3124-8597","position":1,"is_corresponding":false},{"id":1601838,"name":"Rebeka O’Szabo","orcid":"0000-0002-8802-5805","position":2,"is_corresponding":false},{"id":1601836,"name":"László Lőrincz","orcid":"0000-0003-4528-0918","position":0,"is_corresponding":false}],"reference_count":0,"raw_metadata":{"has_enrichment":true,"resolved":true,"title":"Business transactions and ownership ties between firms","abstract":"<jats:title>Abstract</jats:title><jats:p>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.</jats:p>","is_dataset_classified":null,"base_score":1.0986122886681096,"endowment":1.0986122886681096,"datacite_reuse_total":0,"file_count":0,"downloads":0,"views":0,"has_version_chain":false,"is_dataset":false,"is_oa":false,"pmid":"19910364","pmcid":null,"openalex_id":"https://openalex.org/W4387668199","authors":[],"funders":[{"funder_name":"European Commission","grant_id":"101062606","title":"Supporting Local Economic Development with Business Transaction Data"}],"total_grants":1,"fwci":0.4617,"citation_percentile":0.7501812,"influential_citations":0,"citation_trend":[{"year":2024,"count":1},{"year":2026,"count":1}],"oa_status":"hybrid","license":"cc-by","oa_locations":[{"url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/F369E7C10886E93279AF589BA80C5612/S205012422300019Xa.pdf/div-class-title-business-transactions-and-ownership-ties-between-firms-div.pdf","host_type":"journal"},{"url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/F369E7C10886E93279AF589BA80C5612/S205012422300019Xa.pdf/div-class-title-business-transactions-and-ownership-ties-between-firms-div.pdf","host_type":"publisher"},{"url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S205012422300019X","host_type":"publisher"},{"url":"https://doi.org/10.1017/nws.2023.19","host_type":"journal"},{"url":"https://orcid.org/0000-0003-4528-0918","host_type":"repository"},{"url":"https://www.cambridge.org/core/product/identifier/S205012422300019X/type/journal_article","host_type":"repository"},{"url":"http://hdl.handle.net/10419/282209","host_type":"repository"},{"url":"https://unipub.lib.uni-corvinus.hu/11119/1/business-transactions-and-ownership-ties-between-firms.pdf","host_type":"repository"},{"url":"http://dx.doi.org/10.1017/nws.2023.19","host_type":""},{"url":"https://doi.org/https://doi.org/10.1017/nws.2023.19","host_type":""}],"fields_of_study":["Business Strategy and Innovation","Innovation and Knowledge Management","Social Capital and Networks","0502 economics and business","05 social sciences"],"mesh_terms":[],"keywords":["Business","Database transaction","Industrial organization","Transaction cost","Business networking","Scale (ratio)","Business model","Interpersonal ties","Commerce","Marketing","Electronic business","Computer science","Finance","Database","L14","ddc:330","ownership network","tie persistence","network motifs","HD14 Management. Industrial Management / ügyvitel","International economics","transaction network","igazgatás","multilayer network","tie creation"],"sdg_mappings":[],"linked_datasets":[],"clinical_trials":[],"software_tools":[],"database_accessions":[],"source":"live","citation_network_status":"fetched"},"created_at":"2026-08-03T11:15:20.305825Z","pmid":null,"pmcid":null,"fwci":null,"citation_percentile":null,"influential_citations":0,"oa_status":null,"license":null,"views":0,"total_file_size_bytes":0,"version_count":0,"fair_f":null,"fair_a":null,"fair_i":null,"fair_r":null,"fair_zscore":null,"fair_rationale":null,"fair_model":null,"fair_agent_version":null,"fair_fulltext_source":null,"fair_has_llm":null,"fair_computed_at":null,"clinical_trials":[],"software_tools":[],"db_accessions":[],"linked_datasets":[],"topics":[]}