Table 2

Predicting stock market loss using network measures

Coefft-statisticR2
Panel A: The Asian Financial Crisis Period
Centrality−0.226−2.118.7%
Closeness−0.419−2.6513.0%
# of Out Connections−0.807−2.028.0%
# of In-Connections0.2260.340.2%
# of All Connections−0.761−1.846.7%
Panel B: The 2008 Financial Crisis Period
Centrality−0.247−3.3910.6%
Closeness−0.064−1.081.2%
# of Out Connections−0.441−1.933.7%
# of In-Connections−0.353−1.111.3%
# of All Connections−0.470−2.405.6%

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