A network view of business systems

In this paper, we present a novel business network construction approach, where the nodes of the network correspond to the names of the companies in a particular stock market index, and its links show the co-occurrence of two company names in daily news. Our approach consists of two phases, in which search for the company names in the news articles and network construction operations are performed, respectively. To increase the quality of results, each article is classified as business news or not business news before these operations, and only the articles that are classified as business news are considered for network construction. The resulting network presents a visualization of the business events and company relationships during the corresponding time period. We study both co-occurrences as well as single occurrences of company names in the articles scanned in our analysis.