{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/129681"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/129681","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"Three essays on financial market networks","abstract":"Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2027-05-01","abstract_html":"Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2027-05-01","abstract_has_math":false,"creators":["Chen, Belinda"],"institution":"University of Illinois Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Finance","degree_department":null,"school":null,"contributors":["Kiku, Dana","Kargar, Mahyar","Pearson, Neil","Plante, Sebastien"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2025,"date_issued":"2025-04-08","date_published":"2025-04-08","updated_at":"2026-07-22T22:25:05Z","subjects":["Financial Market","Network"],"languages":["en","eng"],"rights":["Copyright 2025 Belinda Chen"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://hdl.handle.net/2142/129681","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Kiku, Dana","Kargar, Mahyar","Pearson, Neil","Plante, Sebastien"]},{"key":"dc:creator","label":"Author","values":["Chen, Belinda"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2025-04-08","2025-05"]},{"key":"dc:type","label":"Dc Type","values":["text","Thesis"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Finance"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Financial Market","Network"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en","eng"]},{"key":"dc:rights","label":"Dc Rights","values":["Copyright 2025 Belinda Chen"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://hdl.handle.net/2142/129681"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2027-05-01","The student, Belinda Chen, accepted the attached license on 2025-04-07 at 10:53.","The student, Belinda Chen, submitted this Dissertation for approval on 2025-04-07 at 10:57.","This Dissertation was approved for publication on 2025-04-08 at 11:10.","DSpace SAF Submission Ingestion Package generated from Vireo submission #21719 on 2025-10-19 at 19:52:47","This dissertation explores the growing importance of network structures in financial markets by examining how firm-level interconnections shape risk transmission and aggregate outcomes. Through three essays, it highlights the role of production-based input-output networks in amplifying idiosyncratic shocks and driving both aggregate volatility and asset pricing dynamics. The first essay develops a dynamic model linking firm-level volatility spillovers to market-wide uncertainty, introducing novel network-based risk factors that are both predictive and priced. The second essay applies Graph Neural Networks to firm credit risk prediction, demonstrating how incorporating inter-firm network features enhances predictive power and interpretability. The final essay provides a theoretical foundation for how persistent, interconnected firm-level risks can generate macroeconomic tail events, even in the absence of large individual shocks. Together, these studies underscore the critical role of financial market networks in understanding modern economic and financial phenomena."]},{"key":"dc:format","label":"Dc Format","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Three essays on financial market networks"]}]}],"canonical_facts":{"dc:contributor":["Kiku, Dana","Kargar, Mahyar","Pearson, Neil","Plante, Sebastien"],"dc:creator":["Chen, Belinda"],"dc:date":["2025-04-08","2025-05"],"dc:description":["Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2027-05-01","The student, Belinda Chen, accepted the attached license on 2025-04-07 at 10:53.","The student, Belinda Chen, submitted this Dissertation for approval on 2025-04-07 at 10:57.","This Dissertation was approved for publication on 2025-04-08 at 11:10.","DSpace SAF Submission Ingestion Package generated from Vireo submission #21719 on 2025-10-19 at 19:52:47","This dissertation explores the growing importance of network structures in financial markets by examining how firm-level interconnections shape risk transmission and aggregate outcomes. Through three essays, it highlights the role of production-based input-output networks in amplifying idiosyncratic shocks and driving both aggregate volatility and asset pricing dynamics. The first essay develops a dynamic model linking firm-level volatility spillovers to market-wide uncertainty, introducing novel network-based risk factors that are both predictive and priced. The second essay applies Graph Neural Networks to firm credit risk prediction, demonstrating how incorporating inter-firm network features enhances predictive power and interpretability. The final essay provides a theoretical foundation for how persistent, interconnected firm-level risks can generate macroeconomic tail events, even in the absence of large individual shocks. 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