{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,3]],"date-time":"2026-04-03T07:42:27Z","timestamp":1775202147461,"version":"3.50.1"},"reference-count":32,"publisher":"Wiley","issue":"1","license":[{"start":{"date-parts":[[2021,1,22]],"date-time":"2021-01-22T00:00:00Z","timestamp":1611273600000},"content-version":"vor","delay-in-days":21,"URL":"http:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100003995","name":"Natural Science Foundation of Anhui Province","doi-asserted-by":"publisher","award":["1908085MG232"],"award-info":[{"award-number":["1908085MG232"]}],"id":[{"id":"10.13039\/501100003995","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["onlinelibrary.wiley.com"],"crossmark-restriction":true},"short-container-title":["Complexity"],"published-print":{"date-parts":[[2021,1]]},"abstract":"<jats:p>This paper is concerned with the multivariate stochastic volatility modeling of the stock market. We investigate a DGC\u2010t\u2010MSV model to find the historical volatility spillovers between nine markets, including S&amp;P, Nasdaq, SSE, SZSE, HSI, FTSE, CAC, DAX, and Nikkei indices. We use the Bayesian network to analyze the spreading of herd behavior between nine markets. The main results are as follows: (1) the DGC\u2010t\u2010MSV model we considered is a useful way to estimate the parameter and fit the data well in the stock market; (2) our computational analysis shows that the S&amp;P and Nasdaq have higher volatility spillovers to the Shanghai and Shenzhen stock markets; (3) the results also show that there is a strong correlation between stock markets in the same region.<\/jats:p>","DOI":"10.1155\/2021\/6645151","type":"journal-article","created":{"date-parts":[[2021,1,23]],"date-time":"2021-01-23T03:05:13Z","timestamp":1611371113000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":8,"title":["Cross\u2010Market Infection Research on Stock Herding Behavior Based on DGC\u2010MSV Models and Bayesian Network"],"prefix":"10.1155","volume":"2021","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-1042-7433","authenticated-orcid":false,"given":"Jing","family":"Zhang","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0002-3894-5515","authenticated-orcid":false,"given":"Ya-ming","family":"Zhuang","sequence":"additional","affiliation":[]}],"member":"311","published-online":{"date-parts":[[2021,1,22]]},"reference":[{"key":"e_1_2_9_1_2","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(86)90063-1"},{"key":"e_1_2_9_2_2","doi-asserted-by":"publisher","DOI":"10.1111\/1467-937x.00050"},{"key":"e_1_2_9_3_2","doi-asserted-by":"publisher","DOI":"10.1080\/02664763.2012.740791"},{"key":"e_1_2_9_4_2","doi-asserted-by":"publisher","DOI":"10.1080\/02664763.2013.807330"},{"key":"e_1_2_9_5_2","doi-asserted-by":"publisher","DOI":"10.1080\/02664763.2014.963524"},{"key":"e_1_2_9_6_2","doi-asserted-by":"publisher","DOI":"10.1080\/02664763.2015.1125862"},{"key":"e_1_2_9_7_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2005.06.026"},{"key":"e_1_2_9_8_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2006.07.008"},{"key":"e_1_2_9_9_2","doi-asserted-by":"publisher","DOI":"10.1080\/02664763.2016.1204596"},{"key":"e_1_2_9_10_2","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.1070.0841"},{"key":"e_1_2_9_11_2","doi-asserted-by":"publisher","DOI":"10.1080\/13504851.2011.577001"},{"key":"e_1_2_9_12_2","doi-asserted-by":"publisher","DOI":"10.1080\/15427560.2013.819804"},{"key":"e_1_2_9_13_2","doi-asserted-by":"publisher","DOI":"10.1080\/15427560.2017.1365365"},{"key":"e_1_2_9_14_2","doi-asserted-by":"publisher","DOI":"10.1080\/1540496x.2014.998884"},{"key":"e_1_2_9_15_2","doi-asserted-by":"publisher","DOI":"10.1080\/00036846.2018.1436145"},{"key":"e_1_2_9_16_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.najef.2017.07.006"},{"key":"e_1_2_9_17_2","doi-asserted-by":"publisher","DOI":"10.29220\/csam.2018.25.2.185"},{"key":"e_1_2_9_18_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.physa.2017.08.123"},{"key":"e_1_2_9_19_2","doi-asserted-by":"publisher","DOI":"10.1371\/journal.pone.0240472"},{"key":"e_1_2_9_20_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.econmod.2015.09.009"},{"key":"e_1_2_9_21_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.physa.2019.01.006"},{"key":"e_1_2_9_22_2","doi-asserted-by":"publisher","DOI":"10.1080\/02664763.2016.1257586"},{"key":"e_1_2_9_23_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2012.02.008"},{"key":"e_1_2_9_24_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.physa.2017.04.043"},{"key":"e_1_2_9_25_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.eswa.2013.04.013"},{"key":"e_1_2_9_26_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.eswa.2015.01.035"},{"key":"e_1_2_9_27_2","doi-asserted-by":"publisher","DOI":"10.5351\/csam.2017.24.5.507"},{"key":"e_1_2_9_28_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.eswa.2018.03.039"},{"key":"e_1_2_9_29_2","doi-asserted-by":"publisher","DOI":"10.1080\/07474930600713465"},{"key":"e_1_2_9_30_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.physa.2019.123073"},{"key":"e_1_2_9_31_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.dam.2018.06.026"},{"key":"e_1_2_9_32_2","doi-asserted-by":"publisher","DOI":"10.1155\/2019\/4271783"}],"container-title":["Complexity"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/journals\/complexity\/2021\/6645151.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/complexity\/2021\/6645151.xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1155\/2021\/6645151","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,8,9]],"date-time":"2024-08-09T22:35:44Z","timestamp":1723242944000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1155\/2021\/6645151"}},"subtitle":[],"editor":[{"given":"M. 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