Fig 4. Violin plots of the degree.

Violin plots of the degree of the most common types of shareholders for the largest connected component of shareholder network of (a) Turkish and (b) Dutch companies. There are too few shareholders for other types of investor. This figure breaks down degree distributions into different types of shareholders. We note that in Turkey, the large degrees are contributed by the banks and insurance while in Netherlands, banks’ average degree is higher than the other types of shareholders. It means Netherlands’ banks co-invested a lot with other shareholders.